Culture

Netflix, Inc. (NFLX) Stake Reduced by Marianas Fund Management LLC

Netflix, Inc. (NFLX) Stake Reduced by Marianas Fund Management LLC”

Now the shares of Netflix, Inc. Zacks Investment Research's target price suggests a potential upside of 8.98% from the company's previous close. Netflix added 4.95 million subscribers in the last reported quarter, taking the total count to 98.75 million. The Firm operates through three divisions: Domestic streaming, global streaming and Domestic DVD. The company's efforts to attract viewers through investing in more regional programming should also boost user base.

In 2017, Netflix expects to have a negative free cash flow of $2 billion to accommodate its continued investment in original content. We believe that Netflix's ability to effectively manage costs will dictate its future prospects. The company has beaten estimates consistently for the last four quarters on the trot, delivering an average earnings surprise of over 117%. If the market is performing well and the stock is over-valued, NFLX might be a good investment at this point but if the market is dropping down, you might not consider buying the stock. Stifel Nicolaus upped their target price on shares of Netflix from $155.00 to $170.00 and gave the stock a buy rating in a research note on Tuesday, April 18th. Canaccord Genuity increased their price target on Netflix from $165.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, June 16th. Instinet reiterated a "buy" rating on shares of Netflix in a research note on Friday, June 2nd.

Among 3 analysts covering Towne Bank (NASDAQ:TOWN), 0 have Buy rating, 0 Sell and 3 Hold. The stock has an average rating of "Buy" and a consensus target price of $149.48. (NFLX) opened at 158.75 on Thursday.

In related news, insider Gregory K. Peters sold 6,853 shares of the firm's stock in a transaction that occurred on Tuesday, May 30th. The company has a market cap of $68.19 billion, a PE ratio of 204.67 and a beta of 0.98. The firm's 50 day moving average price is $157.80 and its 200-day moving average price is $144.87.

Netflix, Inc. had its " rating reiterated by analysts at Wedbush. Netflix also saw some unusual options trading activity on Wednesday. Investors purchased 41,834 put options on the stock.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, April 17th. Netflix had a return on equity of 12.73% and a net margin of 3.55%.

The 52-week range of the share price is from $9.55 - $12.00, while its earnings per share (EPS) was $0.56. While initial signs were positive, given Netflix's strong user acquisition estimates towards the beginning of the quarter, one analyst has come out with commentary that casts shadows of doubt over the company's results this quarter. On average, analysts expect Netflix to post $1.05 EPS for the current fiscal year and $1.94 EPS for the next fiscal year.

The share of Netflix, Inc. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and global copyright and trademark law. (NASDAQ:NFLX). Utah Retirement System reported 0.23% stake.

In other news, CEO Reed Hastings sold 91,994 shares of the company's stock in a transaction that occurred on Thursday, April 20th.

The volume of the particular stock is the shares bought and sold in a single trading day. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leslie J. Kilgore sold 1,078 shares of the firm's stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $150.00, for a total value of $2,103,150.00. Following the transaction, the chief executive officer now directly owns 91,994 shares of the company's stock, valued at approximately $12,968,394.18. The disclosure for this sale can be found here. In the last three months, insiders sold 421,458 shares of company stock worth $64,206,893. Chevy Chase Trust Holdings Inc. now owns 373,360 shares of the Internet television network's stock worth $55,187,000 after buying an additional 12,440 shares during the period. Jennison Associates LLC raised its position in shares of Netflix by 21.4% in the first quarter. The Cardinal Capital Management Llc holds 22,015 shares with $412,000 value, down from 66,775 last quarter. Nadler Financial Group Inc. raised its stake in Netflix by 5.6% in the second quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network's stock valued at $4,014,680,000 after buying an additional 921,283 shares during the period. M Holdings Securities Inc. acquired a new position in shares of Netflix during the fourth quarter valued at approximately $304,000. Tybourne Capital Management HK Ltd. now owns 2,316,195 shares of the Internet television network's stock valued at $342,357,000 after buying an additional 590,966 shares during the period.

Several hedge funds and other institutional investors have recently made changes to their positions in the company.



Like this

loading...
loading...

Latest


14 July 2017
Sangamo BioSciences (NASDAQ:SGMO) Earning Somewhat Favorable Press Coverage, Analysis Shows
ValuEngine upgraded Sangamo BioSciences from a "strong sell" rating to a "sell" rating in a research report on Friday, June 2nd. Over the last three months, the shares of the company have changed 110.23% and performed 150.00% over the last six months.

14 July 2017
"Game of Thrones" da probadita a sus fans del nuevo capítulo
Aunque HBO es un canal premium, Cablevisión y DirectTV abrirán la señal y también estará en vivo en la plataforma web de HBO Go . El festival culminará con la proyección del primer episodio de la séptima temporada de la serie.

14 July 2017
What Are Analysts Opinions On CBL & Associates Properties Inc. (CBL)
The total number of shares percentage held by insiders is about 1.98% while the number of Shares % held by institutions is 95.7%. The firm has "Buy" rating given on Monday, August 29 by Jefferies. (NYSE: CBL ) on Wednesday, January 6 to "Neutral" rating.

14 July 2017
Muere Premio Nobel de la Paz Liu Xiaobo
Hace poco se lo trasladó de la cárcel a un hospital en la ciudad de Shenyang , al noreste de China , para ser tratado. Su ausencia, simbolizada con una silla vacía, dejó una de las imágenes más icónicas de la historia de estos premios.

14 July 2017
Russian Federation warns of 'reciprocal measures' if USA doesn't return compounds
But Putin rejected the proposal, saying in a statement that Russian Federation reserved the right to retaliate depending on the future policy of the new U.S.

14 July 2017
Bollywood Stars Take Over Times Square Ahead Of IIFA
The IIFA Awards has always been held in the most lovely destinations and this time it's being held in NY . A certain badge has been allocated to certain people, who will be granted entry on showing off the badge.

14 July 2017
Factors to Note Before Buying CytRx Corporation (CYTR)
After a recent check, Ford Motor Company (NYSE:F) shares have been seen trading 3.90% away from the 20-day moving average. Finally, ValuEngine raised CytRx Corporation from a "strong sell" rating to a "sell" rating in a report on Thursday.

14 July 2017
Bonucci-Juventus a un passo dall'addio?
Leonardo Bonucci sta completando il suo trasferimento dalla Juventus al Milan . Bonucci potrebbe presto vestire la maglia del Milan .

14 July 2017
Amgen Inc (NASDAQ:AMGN) Sentiment Report
Northwest Quadrant Wealth Management LLC purchased a new stake in Amgen during the fourth quarter worth approximately $157,000. Over the last 5 years, Amgen Inc. has averaged a 20.50% YoY EPS growth rate and a 8.10% revenue growth rate. (NASDAQ:AMGN).

14 July 2017
West Ham 'confident of signing Joe Hart on loan'
The pair won two Premier League trophies, the FA Cup and two League Cups together during their time at the Etihad Stadium. Darren Randolph could be offered a reprieve should West Ham United sign Joe Hart , as expected.