Does Netflix, Inc. (NASDAQ:NFLX) Have Potential for Future Growth?

Marcus Newton
October 14, 2017

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.2 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network's stock worth $229,000 after acquiring an additional 10 shares during the period. The company set its IPO price at $15 per share, and after a slow start its shares have been on a general upward trajectory for the past few years.

Several other research firms also recently commented on NFLX.

"Looking at the history of past Netflix price increases, the impact on the pace of net sub additions has not been severe, and has been decidedly temporary - and we believe the Netflix service is even stronger and more entrenched now", analyst Todd Juenger wrote in a note to clients. During the same quarter past year, the company posted $0.09 EPS.

EPS Estimate for the next Quarter is 0.32. FMR LLC grew its stake in shares of Netflix by 12.4% in the second quarter. Linscomb & Williams Inc. now owns 3,269 shares of the Internet television network's stock valued at $405,000 after buying an additional 29 shares during the period. Nordea Inv Management has invested 0.01% in Netflix, Inc.

Based on current stock levels, Netflix, Inc. shares are trading 0.06% off of the 50-day high and 21.49% away from the 50-day low. State Street Corp now owns 17,535,737 shares of the Internet television network's stock worth $2,591,946,000 after purchasing an additional 463,143 shares in the last quarter. Institutional investors and hedge funds own 80.42% of the company's stock. Nomura Asset Mngmt Company Limited has invested 0.44% in Netflix, Inc.

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Netflix, Inc. was covered by a number of analysts recently, 14 rated the stock as Buy, 14 rated Hold, 1 rated sell and 1 gave an Underperform. They expect $0.32 EPS, up 166.67% or $0.20 from last year's $0.12 per share.

Here we'll take a quick glance at how the stock price is now trading in relation to some of its simple moving averages. The firm has a market capitalization of $71.19 billion, a PE ratio of 213.69 and a beta of 1.27. In intraday trading Friday, Netflix notched a record high of 200.82.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, July 17th. Massachusetts Fincl Commerce Ma reported 2.49 million shares. Sales are seen rising 30% year-over-year to $2.97 billion in the September quarter. During the same period a year ago, the business posted $0.09 EPS. After $0.15 actual EPS reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts 113.33% EPS growth. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and worldwide copyright and trademark law. The original version of this article can be read at That said, some 26.5 million shares of Netflix stock are still sold short, making up almost 7% of the stock's total float. Following the completion of the sale, the chief executive officer now owns 109,214 shares of the company's stock, valued at $20,598,852.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 318,067 shares of company stock valued at $57,315,706. The shares were sold at an average price of $194.00, for a total value of $175,182.00. First Manhattan Company sold 93,388 shares as the company's stock declined 5.55% while stock markets rallied.

JPMorgan also reiterated its overweight rating Friday and raised its price target for Netflix shares to $225 from $210 Friday. (NASDAQ:NFLX) has "Buy" rating given on Monday, August 10 by Stifel Nicolaus. MKM Partners reissued a "buy" rating and issued a $195.00 target price on shares of Netflix in a report on Monday, July 10th.

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