Bernstein: Netflix, Inc. (NFLX) Pricing Power Makes It A Must-Own

Above Netflix Image Credit Paul Sawers  VentureBeat

(NASDAQ:NFLX) on Friday, May 26 with "Buy" rating. They now have a $225.00 price target on the Internet television network's stock, up from their previous price target of $210.00.

Analysts believe that the company has the potential to earn average revenue of $7.39 Billion for the current quarter.

A number of other analysts have also recently commented on the stock. The California-based company is set to report its financial results for the third quarter on Monday. The company presently has an average rating of "Buy" and an average price target of $147.59. Finally, J P Morgan Chase & Co reaffirmed a "buy" rating on shares of Netflix in a research report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-six have issued a buy rating to the stock. (NASDAQ:NFLX) has "Buy" rating given on Monday, August 10 by Stifel Nicolaus. (NASDAQ:NFLX). Stock Yards Bankshares holds 0.03% or 1,889 shares.

Before trading, trader, investor or shareholder must have an eye on stock's historical performance. The 50 day moving average was up by +9.08% whereas the 200 day moving average was up $33.29 or +20.15%. The company's market cap is $84.49 Billion. Sales are seen rising 30% year-over-year to $2.97 billion in the September quarter. Netflix had a net margin of 2.11% and a return on equity of 7.51%. What's more, revenue is seen soaring almost 30% to $2.97 billion. They expect $0.32 EPS, up 166.67% or $0.20 from last year's $0.12 per share.

COPYRIGHT VIOLATION WARNING: This article was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another domain, it was stolen and reposted in violation of worldwide copyright and trademark laws. Citigroup initiated coverage on NFLX setting a rating of "Neutral". "(NASDAQ:NFLX) Dominance Is Eroding Quickly" published on October 05, 2017, Latimes.com published: "Netflix is raising the price of its most popular United States plan by 10%" on October 05, 2017.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Above Netflix shares
Above Netflix shares

In other Netflix news, insider Jonathan Friedland sold 2,496 shares of Netflix stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $194.00, for a total value of $175,182.00. First Trust Advisors LP owns 1.88 million shares. The disclosure for this sale can be found here.

Netflix, Inc.'s insider ownership stands at 0.1 percent, while its insider transaction is -68.14 percent.

Institutional investors have recently bought and sold shares of the business. He believes Netflix beat subscriber estimates for the third quarter and that it will do so again for the fourth quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network's stock valued at $242,000 after buying an additional 12 shares during the period. Almanack Investment Partners LLC. acquired a new stake in shares of Netflix in the second quarter valued at about $101,000. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network's stock worth $245,000 after purchasing an additional 11 shares during the last quarter. More interesting news about Netflix, Inc.

IBD'S TAKE: Netflix stock has an IBD Composite Rating of 93, meaning it has outperformed 93% of stocks in key metrics over the past 12 months. Institute For Wealth Management Limited Company has invested 0.34% in Netflix, Inc. State Street Corp now owns 17,535,737 shares of the Internet television network's stock worth $2,591,946,000 after purchasing an additional 463,143 shares in the last quarter.

Netflix shares hit an all-time high Friday, briefly passing through $200 for the first time ever, an incredible milestone for a video streaming company upending the traditional media industry.

Netflix, Inc.is a provider an Internet television network. The Company operates through three segments: Domestic streaming, global streaming and Domestic DVD.

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