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Trading Netflix's (NFLX) Earnings with Options — Bartosiak

Trading Netflix's (NFLX) Earnings with Options — Bartosiak

Vanguard Group Inc is the second biggest holder with 27 million shares now valued at 4.01 B million whilst Growth Fund of America Inc has 23 million shares valued at 2.74 B million. AQR Capital Management LLC now owns 49,430 shares of the Internet television network's stock worth $6,119,000 after buying an additional 31,580 shares in the last quarter. Abner Herrman & Brock LLC acquired a new stake in Netflix during the second quarter valued at about $3,036,000. CENTRAL TRUST Co now owns 1,062 shares of the Internet television network's stock valued at $158,000 after buying an additional 213 shares during the last quarter.

These positive results fly in the face of concerns that Netflix was feeling the squeeze from producing so many shows and movies. OR purchased a new stake in Netflix during the fourth quarter valued at approximately $265,000.

"The shift from linear TV to on-demand viewing is so big and there is so much leisure time, many internet TV services will be successful" the company suggests.

Netflix first moved outside the U.S.in late 2010, expanding to Canada, which remains the service's largest global market, according to estimates by Anthony DiClemente, an analyst with Instinet LLC.

Netflix (NFLX) opened at 161.12 on Monday. Netflix has a 12-month low of $84.50 and a 12-month high of $166.87. The stock has a 50 day moving average of $157.80 and a 200 day moving average of $144.87. The company has a market cap of $70.21 billion, a P/E ratio of 210.74 and a beta of 0.99.

For the second quarter, Los Gatos, California-based Netflix signed up 1.07 million USA customers, easily beating the 633,000 average of analysts' estimates compiled by Bloomberg.

Overall, Netflix reported a second-quarter profit of $66 million, or 15 cents a share, compared with $41 million, or 9 cents a share, a year earlier. Internationally, Netflix's app download growth has accelerated in the second quarter, up 43.2% year-over-year in the quarter vs. up 8.4% year-over-year in the previous first quarter, according to DiClemente.

British baby Charlie Gard to be evaluated by U.S. doctor
Charlie suffers from the rare genetic condition, which causes progressive muscle weakness and brain damage. The case attracted global attention after Pope Francis and President Donald Trump weighed in.

Netflix said revenue rose 32.3 percent to $2.79 billion in the quarter.

BidaskClub downgraded shares of Netflix, Inc. (NASDAQ:NFLX) was sold by HUNT NEIL D. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & worldwide trademark and copyright law. The correct version of this story can be read at https://www.themarketsdaily.com/2017/07/17/netflix-inc-nasdaqnflx-stock-rating-reaffirmed-by-cantor-fitzgerald.html.

A number of analysts recently weighed in on the stock.

"Director at Netflix, Inc., BARTON RICHARD N on 2017-06-28 Sell 2000 shares of the company at a price of $154.31".

Meanwhile, Rosenblatt Securities analyst Alan Gould maintained his neutral rating and 155 price target on Netflix. Stock is up 8 percent in after market trading right now. Deutsche Bank AG increased their price target on shares of Netflix from $110.00 to $125.00 and gave the company a "hold" rating in a research note on Monday, March 20th.

Sell-side analysts have also provided a consensus recommendation of 2.30 on company shares. The stock has a consensus rating of "Buy" and an average target price of $151.70. The shares were sold at an average price of $147.39, for a total value of $147,390.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Reed Hastings sold 91,994 shares of Netflix stock in a transaction on Thursday, April 20th.


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