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Strong subscriber growth lifts Netflix revenue and profit

17 April, 2018, 20:36 | Author: Sara Gill
  • 2014 NY Pride- Netflix's Orange Is The New Black

Aegis reaffirmed their hold rating on shares of Netflix (NASDAQ:NFLX) in a report published on Monday morning. They presently have a $350.00 price objective on the Internet television network's stock.

Hastings touted Netflix's recent success in a letter to shareholders, which said the company is growing at "the fastest pace in the history of our streaming business". 2Q18, is up against a tough YoY content slate compare, which should lead to a less robust guide.

New exhibits such as "Altered Carbon" & "O Mecanismo" assisted Netflix crush analysts' subscriber estimates, along with its better-than-expected second-quarter outlook voicing concerns regarding rivalry out of Apple Inc and Amazon.com Inc.

A number of other equities analysts have also commented on NFLX. The popularity of the service surged in the U.S. once Netflix began funding original series, such as House of Cards and Orange Is the New Black. The company has an average rating of Buy and an average price target of $269.18. Finally, Loop Capital lifted their target price on shares of Netflix from $237.00 to $241.00 and gave the company a buy rating in a research report on Tuesday, January 2nd.

Shares of NFLX stock opened at $307.78 on Monday.

Sarandos cited the example of Millarworld, which Netflix purchased past year for an undisclosed sum. The company has a market cap of $135,240.03, a price-to-earnings ratio of 246.22, a P/E/G ratio of 4.27 and a beta of 0.99.

Netflix, Inc is a provider an Internet television network. Netflix had a return on equity of 17.20% and a net margin of 4.78%.


Total revenues of $3,602 million are now weighted in favour of the United States, but it is anticipated that this will be eclipsed by worldwide revenues in the next quarter.

If you're interested, the company has also posted the video of its earnings Q&A call for the quarter, which can be viewed below.

Exceeding user addition forecasts, Netflix's first quarter (Q1) earnings were in line with expectations while revenue bettered estimates.

In other news, Director Richard N. Barton sold 700 shares of the business's stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $255.20, for a total transaction of $2,132,961.60. Following the transaction, the chief executive officer now owns 75,369 shares in the company, valued at $16,997,216.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Worth $20bn at the end of 2014, when it had only released a handful of original shows, Netflix will likely imminently surpass $140bn in market value. The fund owned 46,013 shares of the Internet television network's stock after purchasing an additional 1,801 shares during the quarter.

Netflix started 2018 with strong subscriber growth as the firm beat its guidance once again. Highland Capital Management LLC boosted its stake in Netflix by 218.5% in the third quarter.

Netflix says its investing in more marketing of its new titles to create a bigger conversation around a particular title, leading to a bigger hit within a particular market or demographic. Insiders have sold 442,200 shares of company stock worth $119,779,880 in the last 90 days.

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