Netflix's (NFLX) "Hold" Rating Reaffirmed at Argus

Sunday, 15 Oct, 2017

93 funds opened positions while 256 raised stakes. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Netflix by 14.6% during the first quarter. Netflix stock is up more than 60 percent for the year through Friday morning compared with Disney shares' decline of 7 percent, Time Warner's 5 percent gain, CBS stock's 11 percent drop and the S&P 500's 14 percent return. About 90,629 shares traded or 2.02% up from the average. Main Street Rech Limited Liability holds 46,901 shares. Fulton Bancorp Na invested in 3,274 shares or 0.04% of the stock. Castleark Management Llc who had been investing in Netflix Inc for a number of months, seems to be bullish on the $85.81B market cap company. Moreover, Ensemble Capital Mgmt has 0.83% invested in Netflix, Inc.

Netflix, Inc is a provider an Internet television network. (NFLX) traded up 1.85% during midday trading on Friday, hitting $199.49. (NASDAQ:NFLX). British Columbia Investment Mngmt invested 0.28% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 12,500 shares. 6 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. (NASDAQ:NFLX) for 65,000 shares.

Since May 1, 2017, it had 0 buys, and 12 sales for $30.52 million activity. The insider HUNT NEIL D sold $4.09 million. Shares for $326,940 were sold by BARTON RICHARD N. $16.00 million worth of Netflix, Inc. (NASDAQ:NFLX) shares were sold by KILGORE LESLIE J. On Monday, May 1 the insider Peters Gregory K sold $969,144. For more analysis of Netflix, visit the IBD Stock Checkup. (NASDAQ:NFLX) on Tuesday, August 4 with "Buy" rating. Cowen and Company's price target indicates a potential upside of 7.77% from the company's previous close. The stock increased 4.76% or $0.08 on October 13, reaching $1.78. About 8.90M shares traded or 32.84% up from the average. 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. It has outperformed by 58.64% the S&P500. The upgrade came just ahead of NFLX earnings.

The company's diluted EPS for trailing twelve months was 0.82. (NFLX) escalated 0.47% and closed its last trading session at $195.86.

Netflix, Inc. had its "overweight" rating reiterated by analysts at JP Morgan. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirty-one have given a buy rating to the company. Therefore 69% are positive. The stock has "Buy" rating by Cantor Fitzgerald on Tuesday, June 6.

10/05/2017 - Netflix, Inc. had its "outperform" rating reiterated by analysts at Wells Fargo. The rating was maintained by Citigroup on Tuesday, July 19 with "Neutral".

10/06/2017 - Netflix, Inc. had its "underperform" rating reiterated by analysts at Wedbush. (NASDAQ:NFLX) rating on Tuesday, April 19. SunTrust maintained Netflix, Inc. SunTrust has "Hold" rating and $115 target. (NASDAQ:NFLX). Bamco has invested 0.03% in Netflix, Inc. Sanford C. Bernstein reissued a "buy" rating and issued a $178.00 price objective on shares of Netflix in a research note on Wednesday. Wall Street clearly liked this news, and in the days that followed Netflix stock saw a notable spike. (NASDAQ:NFLX) news were published by: Seekingalpha.com which released: "Goldman Gone Crazy?" Netflix has a 52-week low of $98.38 and a 52-week high of $200.82. "Reports Q3 Results" on October 12, 2017. But I wouldn't be surprised to see Netflix update its longer-term profit forecast in light of the new pricing.

Netflix is scheduled to report its third-quarter earnings on Monday, although that quarter will not reflect the recent price increases, which take effect in November.

The company is also richly valued as it is now trading at a GAAP P/E ratio of 241.48, which is nearly ten times the S&P 500 average P/E ratio of 24. The Company operates through three segments: Domestic streaming, global streaming and Domestic DVD. It has a 244.39 P/E ratio. The Domestic streaming segment includes services that streams content to its members in the United States.