Netflix Added 5.3 Million New Subscribers in The 3rd Quarter of 2017

Netflix Ups Content Budget to $8 Billion Amid Subscriber Growth Despite Growing Debt

This particular stock's 5-day moving average is 197.61, its 20-day moving average is 188.36 and its 100-day moving average is 172.00.

Morgan Stanley: "Our new $235 price target (vs. prior $225) implies ~12.5x our 2027E EBITDA discounted back to mid-year 2018". Vetr cut shares of Netflix from a strong-buy rating to a buy rating and set a $168.56 price objective on the a research report on Monday, June 19th.

Scandal and Grey's Anatomy creator Shonda Rhimes left ABC to sign an exclusive production deal with Netflix in August, and the streamer made its first play in the mergers and acquisitions space when it acquired comic book writer Mark Millar's Millarworld that same month. Out of 42 analysts covering the stock, 26 have a "buy" or higher rating, 14 "hold" and two have a "sell" or lower.

Shares of Netflix (NFLX) traded down 1.67% during midday trading on Tuesday, hitting $199.30. Netflix, Inc. (NFLX) now has 431750 shares outstanding, which means that its market capitalization is $87.44B. The firm has a 50 day moving average price of $183.35 and a 200-day moving average price of $165.87. The streaming giant also generated $2.98 billion in revenue, barely besting Wall Street estimates.

Netflix is expected to generate over $11 billion in revenue in 2017, according to the company's Q3 earning report. The return on assets stands at 2.5%, Return on Equity now is 12.8% and the Return on Investment value is 5%. "Year to date net adds of 15.5 million are up 29% versus last year". During the same period in the prior year, the business posted $0.12 earnings per share. On average, equities analysts anticipate that Netflix will post $1.19 EPS for the current fiscal year.

Looking at the 30-minute chart above you can see shares were very volatile after earnings hit the wire but were able to settle down and consolidate in the $206 range.

The TTM operating margin for the company stands at 6.3%. The shares were sold at an average price of $187.79, for a total transaction of $187,790.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Netflix also has been helped by continued increases in broadband availability and speeds globally and the fact that in most of the world net neutrality regulations allow Netflix to piggyback for almost free on the substantial investment made by cable and telecom companies, he said. The stock was sold at an average price of $182.17, for a total transaction of $454,696.32. Following the transaction, the insider now directly owns 1,232 shares of the company's stock, valued at $224,433.44.

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