Does Netflix, Inc. (NASDAQ:NFLX) Have Potential for Future Growth?

Above Netflix shares

Above Netflix shares

(NASDAQ:NFLX). Stock Yards Bankshares holds 0.03% or 1,889 shares. (NASDAQ:NFLX) rating on Tuesday, September 1. They now have a $235.00 price target on the Internet television network's stock, up from their previous price target of $200.00.

Netflix has increased the prices for new subscribers at a rate of 10 per cent per year since 2014, the analyst noted, and still has been able to increase its subscriber base to more than 50 million from 34 million.

Several other research firms also recently commented on NFLX. 4,383,276 shares of the company's stock were exchanged. Guardian Life Insurance Co. of America increased its stake in shares of Netflix by 0.7% during the 1st quarter. It worsened, as 64 investors sold NFLX shares while 222 reduced holdings.

Time Warner Inc.is the world's leading media and entertainment company, whose businesses include filmed entertainment, interactive services, television networks, cable systems, publishing and music. Heritage Investors Management Corp increased its position in shares of Netflix by 0.6% during the second quarter. (NASDAQ:NFLX) for 37,084 shares. Kalos Management Inc. now owns 1,621 shares of the Internet television network's stock valued at $242,000 after buying an additional 12 shares during the period. First Manhattan Company sold 93,388 shares as the company's stock declined 5.55% while stock markets rallied. Finally, Harfst & Associates Inc. acquired a new stake in shares of Netflix in the first quarter valued at about $109,000. The stock has a 50-day moving average price of $181.96 and a 200 day moving average price of $165.19. Nelson Roberts Inv Advsrs Ltd Liability owns 0.03% invested in Netflix, Inc.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 17th. Next quarter's EPS is forecasted at $0.33 and the next full year EPS is anticipated to be $2.12.

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Since May 1, 2017, it had 0 insider purchases, and 12 sales for $30.52 million activity. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the company posted $0.09 EPS. Netflix's revenue for the quarter was up 32.3% compared to the same quarter a year ago. They expect $0.91 EPS, up 12.35% or $0.10 from last year's $0.81 per share. If you are accessing this report on another website, it was illegally copied and republished in violation of USA & worldwide copyright & trademark legislation. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and worldwide copyright legislation.

"For anyone who still questions whether Netflix has pricing power", Juenger asks regarding the recent price hike, which brings its mid-tier plan from $11 to $12 per month and its top-level plan from $12 to $14, "How many businesses can you name that have done that?" Also, insider Jonathan Friedland sold 2,496 shares of the firm's stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $163.47, for a total value of $326,940.00. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. KILGORE LESLIE J sold $175,560 worth of Netflix, Inc. The disclosure for this sale can be found here. (NASDAQ:NFLX) was sold by Peters Gregory K. The insider HASTINGS REED sold 101,815 shares worth $16.00M. (NFLX) stake by 17.98% reported in 2017Q2 SEC filing.

Accordingly, the firm reiterated its Outperform rating for Netflix and lifted its price target to $230 from $203. The stock has "Buy" rating by UBS on Wednesday, October 4. FBR Capital maintained it with "Mkt Perform" rating and $100 target in Tuesday, October 18 report. Piper Jaffray Companies reissued a "buy" rating and issued a $215.00 target price on shares of Netflix in a report on Monday, September 18th. (NDAQ:NFLX), 15 have Buy rating, 0 Sell and 6 Hold.

Goldman Sachs wasn't the only firm to boost its price target for Netflix stock on Friday.

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