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Netflix Stock Jumps On Earnings Report As Analysts Struggle To Keep Up

Netflix Stock Jumps On Earnings Report As Analysts Struggle To Keep Up

Cowen reiterated a "buy" rating and issued a $325.00 target price (up previously from $275.00) on shares of Netflix in a research report on Wednesday, April 11th. Finally, Vetr downgraded shares of Netflix from a "buy" rating to a "hold" rating and set a $128.38 price objective on the stock.in a research note on Tuesday, December 6th. UBS maintained the shares of NFLX in report on Monday, March 5 with "Buy" rating. Finally, Pivotal Research reiterated a "buy" rating and issued a $420.00 target price on shares of Netflix in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company.

The stock increased 9.84% or $30.29 during the last trading session, reaching $338.07. The company had a trading volume of 10,672,726 shares, compared to its average volume of 11,347,278.

Netflix said in a statement: "We regret our films not being able to compete at this year's Cannes film festival". The company only needs to raise about $2 billion in debt now, which, even at a 6% rate, means $120 million more in annual interest costs. Hilltop Hldgs holds 0.07% or 1,727 shares in its portfolio.

Unlike other tech giants, the streaming video company doesn't sell ads, and is much more of a media company, he argued on a conference call following Netflix's first-quarter earnings report. Netflix had a net margin of 4.78% and a return on equity of 17.20%.

Netflix has reported its 125 million members provided the streaming business with $3.6 billion in streaming revenue in Q1. During the same period in the previous year, the firm posted $0.40 EPS.

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The pricing upturn is one reason Netflix's first-quarter earnings climbed 63 percent from past year to $290 million, or 64 cents per share. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Netflix by 4.1% in the fourth quarter. The shares were sold at an average price of $263.00, for a total value of $92,050.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

More amusingly, Netflix has used its moment in the spotlight to throw a bit of thinly-veiled shade at self-proclaimed "technology company" Facebook and the "other issues" now engulfing the industry. First New York Securities LLC NY acquired a new stake in Netflix during the third quarter worth about $212,000. Hanseatic Management Services Inc. now owns 6,256 shares of the Internet television network's stock valued at $1,201,000 after buying an additional 219 shares during the last quarter. Certified Advisory Corp bought a new position in Netflix during the 4th quarter valued at about $378,000. Netflix continues to expand its streaming base, ending the quarter with more than 118.90 million global paid subscribers, up from 94.36 million a year ago.

COPYRIGHT VIOLATION NOTICE: "Netflix (NFLX) PT Raised to $372.00 at Sanford C. Bernstein" was originally posted by Enterprise Leader and is the property of of Enterprise Leader.

Netflix, Inc., an Internet television network, engages in the Internet delivery of television shows and movies on various Internet-connected screens. The streamer's worldwide segment now accounts for 50% of revenue and 55% of memberships.

Netflix also said it continued to invest in non-English originals like "O Mecanismo, ' a drama TV series that it says is tracking to be one of its most viewed originals in Brazil, during its first quarter".


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