Shares of Netflix (NASDAQ:NFLX) traded down 0.29% during midday trading on Monday, reaching $97.30. Ameriprise Financial Inc. increased its position in shares of Netflix by 11.6% in the fourth quarter. The stock’s market capitalization has now valued at $41.83B. (NASDAQ: NFLX) now has a 50-day MA is $94.06 and 200-day MA is $95.51, and it has traded in a 52-week range between $79.95 – 133.27 and today’s last price is -26.42 percent off the 52 week high.
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Meanwhile, RBC analyst Mark Mahaney said his firm’s survey research in the US, United Kingdom and Brazil points to rising penetration, improving churn rates, strong customer satisfaction and high usage. Ameriprise Financial Inc. now owns 596,407 shares of the Internet television network’s stock worth $68,245,000 after buying an additional 61,924 shares during the period. The Internet television network reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.11 billion. For the past 5 years, the company’s revenue has grown 25.7%, while the company’s earnings per share has grown -7.9%. Raymond James Trust N.A. now owns 2,375 shares of the Internet television network’s stock worth $217,000 after buying an additional 246 shares during the last quarter. RBC Capital Markets reiterated its outperform rating and 130 price target in a report late Friday. Cantor Fitzgerald restated a “buy” rating and issued a $140.00 price target on shares of Netflix in a research report on Tuesday, May 31st. The company had a trading volume of 1,087,805 shares. According to the SEC, on Aug 19, 2016, Richard N Barton (director) sold 1,400 shares at $95.46 per share price. The forecast of 5 polled investment analysts covering the stock advises investors to Buy stake in the company. A number of other analysts have commented on the company recently, and the company has earned a consensus one-year price target of $105.08, $96.90. A trade or transaction occurs when the buyer and seller agree on a price for the security. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Reed Hastings sold 102,340 shares of the stock in a transaction that occurred on Monday, August 22nd. The disclosure for this sale can be found here.
Axiom Capital’s Victor Anthony believes that a growing competition from Amazon and Google’s YouTube is “real” threat to Netflix, Inc. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen.
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Shares of the video streaming company are down almost 17% for the year as the company’s domestic subscriber growth has stalled. The Domestic and worldwide streaming segments derive revenues from monthly membership fees for services consisting of streaming content.
