These analysts have also projected a Low Estimate of $0.11/share and a High Estimate of $0.16/share.
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Insider Transactions: Since July 21, 2016, the stock had 1 insider purchase, and 24 insider sales for $39.01 million net activity. Let’s take a look. (NASDAQ:NFLX) is $125.30 while their mean recommendation is 2.40 (1=Buy, 5=sell). In 2016, the company, despite generating only $75 million of net income on $2.29 billion of revenue in Q316, announced plans to spend around $6 billion on new content and release over 1,000 hours of original productions in 2017. Following the transaction, the director now directly owns 9,576 shares in the company, valued at $1,207,916.64. You can get a sense of how sustainable that is by a levered free cash flow of $4.85B over the past twelve months. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.12 to $0.40. For the quarter, the stock has changed 30.96%. Perhaps, that suggests something about why 87.50% of the outstanding share supply is held by institutional investors.
On the business end of things, Netflix is pulling all stops to create new original programming for its subscriber base, however, such moves were a hit and miss to its stock market performance with some investors silently selling off their holdings. Suntrust Banks holds 0.01% or 20,885 shares in its portfolio. The firm’s 50-day moving average price is $123.08 and its 200-day moving average price is $106.56. The stock has 52-week high of $133.93 and 52-week low of $79.95. Now the stock is holding a “Buy” rating from 6 equity analysts.
Price Target plays a critical role when it comes to the Analysis of a Stock.
Drilling down, NFLX calls and puts are trading at about the same rate today, with roughly 72,000 of each crossing the line so far. Market capitalisation for NASDAQ:NFLX is $59,384,295,332.00 United States dollars. Private Capital Management Inc. purchased a new stake in Netflix during the second quarter worth $631,000.
Previously for the quarter ended on 6/2016, Netflix, Inc. The stock gained 3.50% in total of its share price. Also, Director Timothy M. Haley sold 23,728 shares of the company’s stock in a transaction on Monday, October 31st.
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Value Walk recently reported that Mr. Einhorn sent his annual letter to clients yesterday, adding Netflix to his “bubble basket”, as he thinks the streaming king is not well-positioned to leverage on the upcoming policies of the Trump administration, involving tax reduction on corporate earnings. Members can watch as much as they want, anytime, anywhere, on almost any Internet-connected screen.
