Netflix subscriber surge of 5.3 million new users sends shares soaring

Violet Tucker
October 18, 2017

Several brokerage firms have released ratings on the company recently. Also, insider Jonathan Friedland sold 2,496 shares of the company's stock in a transaction that occurred on Wednesday, July 19th.

The company will put the money toward a slew of new original movies, ramping up audiences worldwide, teen dramas, acquiring intellectual property and merchandise, Netflix officials said Monday. Analysts expected 32 cents and $2.97 billion. KeyCorp reaffirmed a "buy" rating and issued a $230.00 price target on shares of Netflix in a research note on Tuesday.

After some strong gains in the AH trading session that put Netflix shares above their all-time high, they are now down slightly 0.20% at $202.30 heading into the market open. The stock had a trading volume of 15,600,716 shares. The stock is now moving above its 20-Day Simple Moving Average of 8.12% with a 50-Day Simple Moving Average of 12.96 percent.

With a total market value of $0, Netflix has price-earnings ratio of 240.73 with a one year low of $98.38 and a one year high of $204.38. Netflix, Inc. (NFLX) now has 431750 shares outstanding, which means that its market capitalization is $87.44B.

Meanwhile, Netflix shares hit a record high on Monday after it revealed it attracted a forecast-beating number of new subscribers to its services in the third quarter. OppenheimerFunds Inc. now owns 7,528 shares of the Internet television network's stock worth $1,113,000 after purchasing an additional 117 shares during the last quarter. It says that Apple is expected to spend roughly $1 billion on original content and Amazon has begun streaming National Football League games while its Prime Video service has gone global. Netflix had a return on equity of 12.82% and a net margin of 3.55%.

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Wall Street analysts, on average, are forecasting the company's EPS to be 0.32, compared to 0.15 reported in the same quarter past year.

Netflix's long-term debt and other obligations totaled $21.9 billion as of September 30, up from $16.8 billion at the same time past year.

Three months ago, on the other hand, the average analyst rating for Netflix, Inc.

COPYRIGHT VIOLATION WARNING: "Netflix, Inc". Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since October 17, 2016 and is uptrending. Netflix had 189 analyst reports since August 4, 2015 according to SRatingsIntel. "While we have multi-year deals in place preventing any sudden reduction in content licensing, the long-term trends are clear", it said in a statement. The legal version of this report can be read at https://www.truebluetribune.com/2017/10/17/netflix-inc-nflx-given-a-175-00-price-target-by-suntrust-banks-inc-analysts.html.

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