Analysts Showing Optimistic Trends For Netflix, Inc. (NFLX)

Above Netflix Image Credit Paul Sawers  VentureBeat

When investors engage in short selling or "shorting a stock", they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash. That new target suggests a 17% upside from current levels.

Several brokerages recently weighed in on NFLX. Sanctuary Wealth Advsrs Llc, a California-based fund reported 21,645 shares.

Netflix announced last week it is raising prices for some of its subscription plans. The stock has an average rating of Buy and a consensus target price of $189.92. JPMorgan analyst raised his price target from $210 to $225.

Some buy side analysts are also providing their Analysis on Netflix, Inc., where 14 analysts have rated the stock as Strong buy, 12 analysts have given a Buy signal, 14 said it's a HOLD, 1 reported it as Underperform and 1 analysts rated the stock as Sell.

Netflix (NFLX) stock took a leg higher in early trade on Friday morning, hitting $200 for the first time. The firm has a market capitalization of $86.17 billion, a P/E ratio of 242.80 and a beta of 1.09. Their 52-Week High and Low are noted here. Netflix has recorded a 50-day average of $181.19 and a two hundred day average of $164.97.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 17th. The return on assets stands at 6.4%, Return on Equity now is 16.9% and the Return on Investment value is 12.9%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the previous year, the firm earned $0.06 EPS. He believes Netflix beat subscriber estimates for the third quarter and that it will do so again for the fourth quarter. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of global trademark and copyright laws. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and worldwide copyright and trademark law. Guggenheim Capital Limited Liability Corporation accumulated 436,161 shares or 0.17% of the stock. It is not clear whether producing and streaming original content is a smart move for the company, which previously exclusively streamed content from other producers. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The company had Year Ago Sales of 2.29 Billion. The stock was sold at an average price of $196.16, for a total value of $392,320.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 318,067 shares of company stock valued at $57,315,706.

A number of hedge funds have recently modified their holdings of NFLX. State Board Of Administration Of Florida Retirement System invested 0.25% in Netflix, Inc. Blue Rock Advisors LLC now owns 7,599 shares of the Internet television network's stock worth $749,000 after buying an additional 328 shares during the last quarter. BKS Advisors LLC raised its position in shares of Netflix by 0.7% in the third quarter. AXA grew its position in Netflix by 92.0% during the 1st quarter. Also, Director Richard N. Barton sold 2,000 shares of the business's stock in a transaction on Tuesday, July 18th. Lombard Odier Asset (Switzerland) Sa has 0.02% invested in Netflix, Inc. Finally, Kalos Management Inc. grew its holdings in Netflix by 0.7% during the 2nd quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network's stock worth $2,208,891,000 after purchasing an additional 1,814,056 shares in the last quarter. The firm has "Overweight" rating given on Tuesday, July 19 by JP Morgan. The Company operates through three segments: Domestic streaming, worldwide streaming and Domestic DVD. There is growing competition in the online content streaming market as new entrants such as Roku Inc (NASDAQ:ROKU) and Walt Disney Co (NYSE:DIS) launch new streaming services. He's also positive on the company's global strategies, which include localization, deals on set-top boxes and more local original content.

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