Netflix, Inc. (NASDAQ:NFLX) registered a 2.51% increase, still its new closing price is 78.17% up from the company’s 1 year high of 143.46.It posted 2.78% gains in previous 5 sessions and is now the subject of 16 analysts who together assign a hold rating on stock. 1 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 $147.25, with individual PT in the $68.00-$175.00 range. The shares moved at $142.45, implying that brokerage firms see shares gaining about 50.88% 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 15.06% rise year to date. A Intl. Development Officer at Netflix, Inc. (NFLX) offloaded shares in a transaction closed on Thursday January 19, 2017. Peters Gregory K sold 16,667 shares in the company at $142.45 each and collected $2,374,000 in proceeds. Peters Gregory K now owns 13,090 shares in the company after this transaction. A Chief Talent Officer in the company, CRANZ TAWNI, disclosed a transaction on Thursday January 19, 2017 that ended up generating $380,001 from the sale of 2,681 shares at $142.01 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 $0.37 in that period. Sales during the quarter are predicted to arrive at $2.64 billion.
Earnings surprise history: Last quarter, the company posted approximately $2.48 billion in revenue and EPS of $0.15. The mean forecast was for $2.47 billion and $0.13 a share, respectively. One quarter earlier, revenue for the stock was at $2.29 billion, with earnings at $0.12/share.
Netflix, Inc. (NFLX) Brokerage Update
Netflix, Inc. (NFLX) is in Macquarie’s research list so their analyst rating change is noteworthy. These shares were upgraded to Neutral from Underperform by Macquarie, according to news reported on Thursday January 19, 2017.Another important research note was issued by Mizuho on Tuesday January 17, 2017.The firm upgraded NFLX to Buy from Neutral. Over the last six months and over the last three months, the shares of Netflix, Inc. (NFLX), have changed 55.43% and 12.19%, respectively.