In the latest earnings report the EPS was $0.82 and is expected to be $1.19 for the current year with 431,749,000 shares now outstanding. No wonder the company is planning on raising prices this month. On October 4 UBS kept the company rating at "Buy" but raised the price expectation from $119.00 to $225.00. Goldman Sachs Group, Inc.
The streaming giant is showing no signs of slowing down, and 2018 is set to be a landmark year for the company. Nomura maintained the shares of NFLX in report on Tuesday, October 18 with "Buy" rating. Analysts expected 32 cents and $2.97 billion.
Shares of Netflix (NFLX) traded down 1.43% during mid-day trading on Friday, hitting $199.78. The company's stock had a trading volume of 14,987,140 shares. The firm has a 50 day moving average price of $183.35 and a 200-day moving average price of $165.87. Netflix, Inc. (NFLX) now has 431750 shares outstanding, which means that its market capitalization is $87.44B.
Along with the monthly fee increase, Netflix has announced their intentions to further expand their original film production. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.32 by ($0.03). The return on assets stands at 2.5%, Return on Equity now is 12.8% and the Return on Investment value is 5%.
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Piper Jaffray (Overweight, PT lifted to $240): "We apply slightly higher multiple of 45x our upwardly revised 2020E EPS of $6.45 (previously 42x), discounted back 2 years at 10% (same discount period & rate)". The business's revenue was up 30.3% on a year-over-year basis.
Three months ago, on the other hand, the average analyst rating for Netflix, Inc.
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Netflix is benefiting from a "very powerful combination" of original programming that generates strong subscriber growth plus demonstrated pricing power, Pivotal analyst Jeffrey Wlodarczak said in a report. The original version of this story can be viewed at https://stocknewstimes.com/2017/10/17/oppenheimer-holdings-inc-increases-netflix-inc-nflx-price-target-to-215-00.html. Netflix Inc. has $235 highest and $125 lowest target. The shares were sold at an average price of $187.79, for a total transaction of $187,790.00. "The company appears to operate in a virtuous circle, as the larger their subscriber base grows (and their average revenue per user increases) the more they can spend on original content, which increases the potential target market for their service (and reduces existing subscriber churn and increases the ability to take future price increases) and dramatically increases barriers to entry". The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jonathan Friedland sold 2,496 shares of Netflix stock in a transaction on Wednesday, July 19th.