For Q4, Netflix expects to earn 2 cents a share, a penny below the 3 cents expected by analysts. With a return potential of 16%, the stock’s consensus target price stands at $69.71. The company had a trading volume of 30,759,754 shares. (NASDAQ:NFLX), is scheduled to make its third fiscal quarter (3QFY15) earnings call after market hours today.
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Other research analysts also recently issued research reports about the stock. Morgan Stanley reiterated a “buy” rating and issued a $125.00 target price (up previously from $107.14) on shares of Netflix in a research note on Saturday, July 11th. Also, insider Gregory K. Peters sold 14,070 shares of the firm’s stock in a transaction that occurred on Thursday, July 16th. The shares opened for trading at $114.45 and hit $115.42 on the upside, eventually ending the session at $113.45, with a gain of 0.11% or 0.12 points. The 50-Day Moving Average price is $104.08 and the 200 Day Moving Average price is recorded at $94.82.
Overall, Netflix added 3.62 million streaming subscribers during the recent quarter. (NASDAQ:NFLX). When taking into account all of the research brokerage firms surveyed by Zacks, the consensus target price is now $118.285. The stock was sold at an average price of $111.68, for a total transaction of $1,571,337.60.
A few are hailing this as the first earnings miss from Netflix, but on the other hand could this create a buy and hold opportunity for the stock considering its break even plan?
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Netflix Inc, Barton Richard N had sold 1,400 shares worth of $140,000 in a transaction dated September 24, 2015. The company has a market capitalization of $46.96 billion and a price-to-earnings ratio of 247.15. Gross debt totalled $2.4 billion at the end of the quarter. Following the transaction, the director now directly owns 44,862 shares of the company’s stock, valued at $4,232,281.08. The business earned $1.74 billion during the quarter, compared to analyst estimates of $1.75 billion. The disclosure for this sale can be found here.
Netflix, Inc. (NASDAQ:NFLX) shares now have a Zacks ABR of 2.07. The Business has over 57 million streaming members in more than 50 countries. The Organization has three operating segments: worldwide streaming, National streaming and Domestic DVD. Its members can play, pause and resume watching, all without advertisements or commitments. Global streaming segments and the National derive revenues from monthly membership fees for services consisting of streaming content. The National DVD section derives revenues from monthly membership fees for services consisting of DVD-by-email. Additionally, in the United States (U.S.), its members can receive digital versatile discs (DVDs) delivered quickly to their homes.
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Peck has raised his 2015 and 2016 revenue and EBITDA estimates for the company to reflect “flow-through of price increases partly offset by lower domestic paid members”.
