Netflix Stock Hits Record High; Plus, Banks Get Bull Notes Before Earnings

Institutions own 81.94% of Netflix, Inc.

Whereas they predicted High and Low Earnings Estimate as $0.34 and $0.21 respectively. Raymond James Financial, Inc. reiterated an "outperform" rating and issued a $205.00 price target (up from $165.00) on shares of Netflix in a report on Tuesday, July 18th. Following the transaction, the insider now owns 1,217 shares of the company's stock, valued at $235,294.78. When it comes to net revenue, the average estimate from a total of 35 analysts is 2.97 billion - compared to 2.29 billion posted in the year-ago period.

The company is projecting net income to be more than double from the second quarter of the fiscal year. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. During the same period in the prior year, the firm posted $0.09 EPS.

Netflix, Inc. on 6/29/2017 reported its EPS as $0.12 with the analysts projecting the EPS of the stock as $0.06. 26 were sells. Insider ownership decreased by a total of 491317 shares, which suggests that NFLX's key executives are feeling less optimistic about the outlook for the stock.

In other news, insider Jonathan Friedland sold 2,496 shares of the business's stock in a transaction dated Wednesday, July 19th.

Shares of Netflix (NFLX) opened at 198.02 on Friday.

According to Zacks Investment Research, analysts' consensus forecast EPS for the third quarter is $0.32.

Shareholders can expect a return on equity of 12.80%. The legal version of this report can be viewed at P/E provides a number that details how many years of earnings it will take a stock to recoup the value of one share at current price levels. Following the completion of the transaction, the insider now directly owns 19,208 shares in the company, valued at $3,407,115.04. The disclosure for this sale can be found here.

Credit Suisse raised its price target on Bank of America stock to $31 from $28, though the shares were last seen trading 0.4% lower at $26.10.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Finally, Aviance Capital Management LLC purchased a new position in shares of Netflix during the second quarter worth $137,000. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network's stock worth $107,000 after buying an additional 706 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Netflix in the second quarter valued at about $1,045,000. Jennison Associates LLC increased its holdings in shares of Netflix by 14.0% during the 2nd quarter. SRS Capital Advisors Inc. boosted its position in shares of Netflix by 3,361.9% during the first quarter. Guardian Life Insurance Co. of America boosted its position in shares of Netflix by 0.7% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network's stock worth $4,014,680,000 after purchasing an additional 921,283 shares during the period.

Institutional investors have recently made changes to their positions in the company. The Company operates through three segments: Domestic streaming, worldwide streaming and Domestic DVD. The International streaming segment includes services that streams content to its members outside the United States.

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