Netflix adds seven million global subscribers in Q1

Danny Woods
April 23, 2018

(DPW) price hitting a mean target of $25.81 a share, meaning the stock still has potential that could lift the price another 1981.45%. The company should continue to benefit from its strong foothold in the streaming business as well as a robust lineup of TV shows and films in 2018. Netflix also shared that it added 5.5 million subscribers globally and 2 million subscribers in the United States during the period. Netflix now has 117.58 million subscribers globally.

As usual, in the letter to shareholders Netflix did not shed any light on viewer numbers for specific content, but continued to talk up its scripted and unscripted original series like Grace and Frankie, Marvel's Jessica Jones, Queer Eye and Nailed it. However, increasing market spends and higher investments on original/acquired content will continue to hurt profitability, at least in the near term.

USA stocks rise as Syria fears ease, telecoms gainUS stock ended higher on Monday as concerns about Syria eased and shareholders digested a fresh batch of earnings.

NFLX has been the subject of several analyst reports. Instinet reiterated a "buy" rating and issued a $165.00 price objective on shares of Netflix in a report on Tuesday, April 18th.

The company's strong quarter results come amid some controversy. The stock rating was maintained by Guggenheim with "Buy" on Tuesday, January 23. Bank of New York Mellon Corp now owns 3,798,067 shares of the Internet television network's stock valued at $729,077,000 after buying an additional 159,750 shares in the last quarter.

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Seatown Holdings decreased its stake in Netflix Inc (NFLX) by 97.94% based on its latest 2017Q4 regulatory filing with the SEC. On Tuesday, January 16 the rating was maintained by RBC Capital Markets with "Buy". (NASDAQ:NFLX) for 98,300 shares.

Total streaming content obligations grew to $17.9bn in the first quarter, from $17.7bn three months earlier, and that doesn't account for the ballooning budget to market shows. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $133,560.64, a PE ratio of 267.62, a PEG ratio of 4.21 and a beta of 0.99. Since April 18, 2017 NFLX has risen 108.73% and is uptrending. The Internet television network reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. (NASDAQ:NFLX) on Tuesday, January 16 with "Buy" rating. U.S. Streaming revenues increased by 24% y-o-y to $1.82 billion.

The company is projecting earnings of 79 cents a share this quarter, as well as revenue of $3.9 billion. The shares were sold at an average price of $316.98, for a total transaction of $23,859,401.58. KILGORE LESLIE J sold $174,286 worth of stock or 826 shares. Following the completion of the transaction, the director now owns 7,393 shares of the company's stock, valued at approximately $2,324,211.34. The disclosure for this sale can be found here. National Mutual Insurance Federation Of Agricultural Cooperatives sold 2,500 shares as the company's stock rose 58.31% while stock markets declined. Also, insider Theodore A. Sarandos sold 163,747 shares of the firm's stock in a transaction dated Thursday, February 8th.

Institutional investors have recently modified their holdings of the company. During first quarter of fiscal 2018, the company released 14 original movies, 18 original new series, 11 new seasons for continuing original series. Florida-based Ifc Holding Fl has invested 0.07% in Netflix, Inc. Tybourne Capital Management HK Ltd. raised its holdings in shares of Netflix by 43.4% in the 4th quarter. Baystate Wealth Mngmt Lc stated it has 0.01% in Netflix, Inc. 11,264 shares were sold by HOAG JAY C, worth $3.01 million on Wednesday, January 31.

Netflix saw its stock gain almost 50% in 2017, and is already up more than 50% year-to-date as of April 17. The firm earned "Overweight" rating on Thursday, January 12 by Morgan Stanley. If you are viewing this news story on another domain, it was stolen and republished in violation of USA and worldwide copyright laws. $2.77M worth of Netflix, Inc. The company's segments of operation are as follows: Domestic DVD, International Streaming, and Domestic streaming.

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