Netflix, Inc. (NASDAQ:NFLX) registered a 0.28% increase, still its new closing price is 66.68% up from the company’s 1 year high of 135.40.It posted 2.59% gains in previous 5 sessions and is now the subject of 14 analysts who together assign a hold rating on stock. 3 of Wall Street analysts have an underperform rating; the 2 sells versus 11 buy or better ratings. The 44 stock analysts following this company have an average price target at $127.38, with individual PT in the $60.00-$165.00 range. The shares moved at $133.26, implying that brokerage firms see shares gaining about 23.51% in twelve months time.
Netflix, Inc. (NFLX) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 7.64% rise year to date. A Director at Netflix, Inc. (NFLX) offloaded shares in a transaction closed on Tuesday January 03, 2017. BARTON RICHARD N sold 2,800 shares in the company at $125.73 each and collected $352,000 in proceeds. BARTON RICHARD N now owns 27,012 shares in the company after this transaction. A CEO in the company, HASTINGS REED, disclosed a transaction on Wednesday December 21, 2016 that ended up generating $11,062,000 from the sale of 87,297 shares at $126.72 per share.
Netflix, Inc. (NASDAQ:NFLX) Upcoming Results on Tap
Netflix, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.23 in that period. Sales during the quarter are predicted to arrive at $2.6 billion.
Earnings surprise history: Last quarter, the company posted approximately $2.29 billion in revenue and EPS of $0.12. The mean forecast was for $2.28 billion and $0.06 a share, respectively. One quarter earlier, revenue for the stock was at $2.11 billion, with earnings at $0.09/share.
Netflix, Inc. (NFLX) Brokerage Update
Netflix, Inc. (NFLX) is in Mizuho’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by Mizuho, according to news reported on Tuesday January 17, 2017.Another important research note was issued by Deutsche Bank on Friday January 13, 2017.The firm upgraded NFLX to Hold from Sell. Over the last six months and over the last three months, the shares of Netflix, Inc. (NFLX), have changed 55.24% and 33.53%, respectively.