Hold on, Marvel and 'Star Wars' might stay on Netflix beyond 2019

Netflix Inc
Disney To Launch ESPN Streaming Service, Cable Nets Report Lower Revenues
Autor

12 Agosto, 2017

(NASDAQ:NFLX) opened at 169.14 on Friday. M Holdings Securities Inc. raised its position in shares of Netflix by 0.5% in the first quarter.

In Olympic news, the City of Los Angeles, LA 2028 and the United States Olympic Committee (USOC) have agreed a memorandum of understanding that sets out the terms of their partnership for the 2028 Olympic and Paralympic Games. The firm's quarterly revenue was up 32.3% on a year-over-year basis. Estimates have remained stable ahead of the upcoming earnings release. Loop Capital lifted their target price on Netflix from $162.00 to $172.00 and gave the stock an outperform rating in a report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-nine have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $175.13. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network's stock worth $168,000 after buying an additional 9 shares during the last quarter. The company's stock had a trading volume of 5,022,334 shares.

Netflix, Inc. has a 52 week low of $93.26 and a 52 week high of $191.50. The 50 day moving average was up $0.85 or +0.51% and the 200 day average went up by +10.19%. The firm has a market capitalization of $73.65 billion, a P/E ratio of 207.538 and a beta of 1.02. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.01.

Robert A. Iger, Disney's chief executive, said of the move to streaming, "I would characterize this as an extremely important, very, very significant strategic shift for us". Netflix had a return on equity of 12.82% and a net margin of 3.55%. During the same period in the previous year, the firm earned $0.09 earnings per share.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Chaffey Breeze and is the property of of Chaffey Breeze. Both are in the discussion to be the biggest ongoing franchises, with the answer even varying depending on the day. Also, Director Richard N. Barton sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 27th. Another trade for 2,135 shares valued at $312,756 was sold by CRANZ TAWNI. The original version of this article can be viewed at https://theolympiareport.com/2017/08/11/wealth-enhancement-advisory-services-llc-takes-position-in-netflix-inc-nasdaqnflx-updated.html. The shares were sold at an average price of $176.41, for a total value of $352,820.00. Institutional investors own 82.78% of the company's stock. Insiders sold 389,801 shares of company stock valued at $64,889,201 in the last quarter.

A number of hedge funds have recently bought and sold shares of NFLX. The brokerage currently has a $215.00 target price on the Internet television network's stock, up from their prior target price of $198.00. APG Asset Management N.V. owned 0.13% of Netflix worth $81,612,000 as of its most recent SEC filing. Teachers Retirement System of The State of Kentucky now owns 102,463 shares of the Internet television network's stock worth $15,309,000 after buying an additional 515 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in Netflix during the second quarter worth about $101,000. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network's stock worth $1,913,727,000 after buying an additional 2,279,835 shares during the period. Lincoln Capital Corp acquired a new stake in Netflix during the fourth quarter worth about $248,000. The increase affects new subscribers immediately while existing members will be notified of the price hike in the coming weeks, according to the Toronto Sun.


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