Netflix adds 5.3 million subscribers during Q3, beating analyst estimates

Chelsea West
October 18, 2017

In the past 52 weeks the company's stock price has moved within the range of $98.38 to $200.82. Goldman Sachs Group, Inc. (NASDAQ:NFLX) on Tuesday, June 20 with "Buy" rating.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend.

About 558,326 shares traded. The stock is now moving above its 20-Day Simple Moving Average of 8.12% with a 50-Day Simple Moving Average of 12.96 percent.

The P/E ratio is now 246.57 and the market value is 87.51B. Earnings: "3 Things to Watch" published on October 14, 2017 as well as's news article titled: "Netflix is raising the price of its most popular USA plan by 10%" with publication date: "October 05, 2017. The average estimate of Wall Street analysts had projected 0.32. Netflix Inc. had 30 analyst reports since March 15, 2017 according to SRatingsIntel.

Piper Jaffray (Overweight, PT lifted to $240): "We apply slightly higher multiple of 45x our upwardly revised 2020E EPS of $6.45 (previously 42x), discounted back 2 years at 10% (same discount period & rate)". On average, analysts forecast that Netflix will post $1.19 EPS for the current fiscal year.

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When asked about potential content cost inflation from the changing focus, Sarandos said to compare content costs to professional sports: "It gets very competitive for a handful of folks, those big unicorn shows". (NASDAQ:NFLX). St Johns Investment Mgmt Co Limited Liability reported 0.04% in Netflix, Inc.

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Following on from the second-quarter partnership with SFR/Altice in France, it also announced a new partnership with T-Mobile US which includes the bundling of Netflix into its ONE family plan. The shares were sold at an average price of $187.79, for a total transaction of $187,790.00.

According to the report in the U.S., Netflix added 850,000 streaming subs, for a total of 52.77 million, and expects to add 1.25 million USA subscriber in Q4. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the firm's stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $182.17, for a total transaction of $454,696.32. Advisory owns 1,982 shares. The disclosure for this sale can be found here. Insiders have sold 303,299 shares of company stock valued at $54,712,558 in the last ninety days.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC increased its position in Netflix by 2.0% during the first quarter.

The Details: Netflix, Inc. Finally, Aviance Capital Management LLC acquired a new stake in shares of Netflix during the 2nd quarter worth about $137,000. Netflix, Inc. (NFLX) has an operating margin of 6.30%.

Netflix, a provider an Internet television network. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD.

It offers members with the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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