Business

Netflix's (NASDAQ:NFLX) "Buy" Rating Reaffirmed at Atlantic Securities

Netflix's (NASDAQ:NFLX)

Pivotal Research restated a "buy" rating and set a $155.00 price objective (up previously from $125.00) on shares of Netflix in a report on Tuesday, October 18th.

According to Zacks, "Netflix's shares have vastly outperformed the industry in the past year". Netflix has guided for total net new subscribers of 6.35 million, upping the total global member to 123.93 million.

Other large investors also recently bought and sold shares of the company. But since falling and retesting support levels at $273, shares of Netflix have rebounded sharply, and with the stock now breaking out, rising above the downtrend, it may result in shares rising only modestly back to resistance around $324, a jump of just 3.5% from its current price around $313. (NASDAQ:NFLX). Pennsylvania-based Fragasso Grp Inc Inc Inc has invested 0.06% in Netflix, Inc. The firm has "Buy" rating by Barclays Capital given on Thursday, January 11. Goldman Sachs maintained it with "Buy" rating and $235.0 target in Friday, October 13 report. RBC Capital Markets maintained Netflix, Inc. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The company presently has a consensus rating of "Buy" and a consensus price target of $265.71.

NASDAQ NFLX opened at $311.65 on Wednesday. As per Tuesday, November 1, the company rating was initiated by Bank of America. The company has Beta Value of 0.98 and ATR value of 12.75. The company rocked its 52-Week High of $333.98 and touched its 52-Week Low of $138.66.

LOST IN SPACE
LOST IN SPACE

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, January 22nd. The business had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.47 billion. Return on Equity (ROE) stands at 17.2% and Return on Investment (ROI) of 9.8 percent. During the same period previous year, the business earned $0.15 earnings per share. (NASDAQ:NFLX). Moreover, Prelude Capital Lc has 0.2% invested in Netflix, Inc. SARANDOS THEODORE A sold $43.05 million worth of stock or 163,747 shs. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. BARTON RICHARD N sold 700 shares worth $220,066. Following the transaction, the director now directly owns 35,994 shares of the company's stock, valued at $7,954,314.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 445,545 shares of company stock worth $120,523,106. Hoplite Cap Mgmt Limited Partnership owns 324,110 shares for 4.33% of their portfolio.

A number of hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC boosted its stake in shares of Netflix by 103.9% in the 4th quarter. Tybourne Capital Management HK Ltd. boosted its stake in shares of Netflix by 43.4% in the 4th quarter.

Netflix, Inc., an Internet television network, engages in the Internet delivery of television shows and movies on various Internet-connected screens.The firm is worth $135.24 billion. It also reduced its holding in Goldcorp Inc New (NYSE:GG) by 49,364 shares in the quarter, leaving it with 66,031 shares, and cut its stake in Spdr Series Trust (KRE). Integrated Wealth Management now owns 1,804 shares of the Internet television network's stock valued at $165,000 after buying an additional 199 shares during the last quarter. Wells Fargo & Company MN now owns 1,934,754 shares of the Internet television network's stock valued at $371,396,000 after purchasing an additional 354,801 shares during the last quarter. Crewe Advisors LLC bought a new position in Netflix in the 4th quarter worth approximately $149,000. Following the sale, the director now directly owns 8,412 shares in the company, valued at $986,391.12. "Root & Company LLC Purchases New Position in Netflix (NASDAQ:NFLX)" was posted by registrarjournal.com and is the sole property of of registrarjournal.com. If you are reading this report on another site, it was illegally copied and republished in violation of USA & global copyright legislation.

Netflix, the world's largest content streaming service, has released four episodes of Something In the Rain on April 13, so worldwide fans can now set for binge-watching this weekend. The firm offers TV shows and movies, including original series, documentaries, and feature films.

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