Institutional investors own 82.78% of the company's stock.
Gregory K. Peters, Chief Product Officer sold $3,652,856 worth of shares at a price of $180.13 on Wednesday the 19th.
July 17 investment analysts at Nomura held the stock rating at "Buy" and moved up the price target from $130.00 to $175.00. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network's stock worth $282,000 after buying an additional 15 shares in the last quarter. Cantor Fitzgerald maintained it with "Buy" rating and $120 target in Tuesday, July 19 report. CENTRAL TRUST Co now owns 849 shares of the Internet television network's stock valued at $125,000 after buying an additional 682 shares in the last quarter. Netflix now has a consensus rating of "Buy" and a consensus target price of $175.13. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since August 11, 2016 and is uptrending. FMR LLC boosted its stake in shares of Netflix by 6.6% in the first quarter.
Netflix, Inc. (NFLX) has the market capitalization of $76.56 Billion. Raymond James Financial, Inc. reissued 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. The firm's 50-day moving average price is $167.89 and its 200 day moving average price is $153.38. Moreover, Acadian Asset Management Llc has 0% invested in the company for 670 shares. Guardian Life Insurance Co. of America increased its stake in Netflix by 0.7% in the first quarter.
The announcement saw Netflix stocks drop as much as 5 per cent in after-hours trading, over fears of tough competition in the subscription video on demand (SVOD) territory. $10 for Netflix, $10 for Amazon Prime, $12 for Hulu, $7 for CBS, and however much Disney or ESPN's service will cost.it could one day cost consumers more to get the content that they want than by buying cable. During the same quarter in the prior year, the company earned $0.09 earnings per share.
COPYRIGHT VIOLATION NOTICE: "First Trust Advisors LP Has $281.24 Million Stake in Netflix, Inc".
In other news, Director Richard N. Barton sold 2,000 shares of the firm's stock in a transaction on Tuesday, May 23rd. Baillie Gifford & Co owns 2,482,649 shares with a value of $370,933,000. The value of the investment in Netflix, Inc. decreased from $15,935,000 to $15,302,000 a change of $633,000 quarter over quarter. CEO Reed Hastings sold 109,214 shares at an average price of $188.79 on July 24th. The sale was disclosed in a filing with the SEC, which is accessible through this link. The institutional investor owned 10,031 shares of the Internet television network's stock after buying an additional 5,480 shares during the period.
Trading volume for Netflix, Inc. was 9,539K in the last trading session. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Following the completion of the transaction, the director now directly owns 8,012 shares of the company's stock, valued at approximately $1,413,396.92. Analysts predict that Netflix will post $1.19 EPS for the current fiscal year. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of United States and global trademark & copyright legislation. Insiders have sold 389,801 shares of company stock worth $64,889,201 in the last ninety days. Highbridge Capital Management LLC boosted its position in shares of Netflix by 1,108.0% in the fourth quarter. The correct version of this piece of content can be viewed at https://stocknewstimes.com/2017/08/11/richard-n-barton-sells-1000-shares-of-netflix-inc-nasdaqnflx-stock.html. The Company operates through three segments: Domestic streaming, worldwide streaming and Domestic DVD.
Eiley suggested that the expected launch of a stand alone English-language streaming service by the CBC next year that would allow access to live TV and archival material would have a big impact on any ramp up of online Canadian content spending.