Netflix (NFLX) was Initiated by Brean Capital to “Buy” and the brokerage firm has set the Price Target at $145. Brean Capital advised their investors in a research report released on Nov 21, 2016.
Many Wall Street Analysts have commented on Netflix. Brean Capital Initiated Netflix on Nov 21, 2016 to “Buy”, Price Target of the shares are set at $145.Company shares were Reiterated by Loop Capital on Oct 18, 2016 to “Buy”, Firm has raised the Price Target to $ 133 from a previous price target of $125 .Company shares were Reiterated by Axiom Capital on Oct 18, 2016 to “Sell”, Firm has raised the Price Target to $ 84 from a previous price target of $80 .
On the company’s financial health, Netflix reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Oct 17, 2016. Analyst had a consensus of $0.05. The company had revenue of $2290.00 million for the quarter, compared to analysts expectations of $2281.72 million. The company’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.
Netflix opened for trading at $115.73 and hit $116.42 on the upside on Monday, eventually ending the session at $115.21, with a gain of 0.16% or 0.18 points. The heightened volatility saw the trading volume jump to 67,46,783 shares. Company has a market cap of $49,442 M.
In a different news, on Nov 18, 2016, Richard N Barton (director) sold 2,800 shares at $115.36 per share price. According to the SEC, on Nov 10, 2016, David B Wells (CFO) sold 500 shares at $122.83 per share price. On Nov 2, 2016, Timothy M Haley (director) sold 23,728 shares at $126.18 per share price, according to the Form-4 filing with the securities and exchange commission.
Netflix Inc. is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (TV) shows and movies per month including original series documentaries and feature films on Internet-connected screen. The Company has three operating segments: Domestic streaming International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of DVD-by-mail. Its members can play pause and resume watching all without commercials or commitments. Additionally in the United States its members can receive DVDs to their homes. The Company offers streaming service both domestically and internationally.