Netflix, Inc. (NFLX) Reaches 125 Million Subscribers

Comcast customers

The brokerage now has an "outperform" rating on the Internet television network's stock.

Hastings hasn't forgotten when a price increase nearly took down the company. The average cost of a Netflix membership rose 14 percent during that time, and customer ranks swelled to 125 million. The company now has a consensus rating of "Buy" and an average target price of $283.04. Zacks Investment Research upgraded Netflix from a "hold" rating to a "buy" rating and set a $127.00 price objective on the stock in a research note on Wednesday, November 16th. (NFLX) in trading session dated April. 05, 2018. The stock had a trading volume of 10,672,726 shares, compared to its average volume of 11,347,278. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $135,240.03, a price-to-earnings ratio of 246.22, a P/E/G ratio of 4.27 and a beta of 0.99. That means Netflix needs to keep more people signing up for subscriptions to make sure that pricey programming pays off.

But Spotify's stock has declined 15 percent from its trading high of $169 per share, reflecting doubts that it will ever come close to copying Netflix, which boasts a market value of more than $130 billion. The company also earned $3.7 billion in total revenue in the quarter, a 40.4 percent year-on-year growth, with net income of $290 million - more profits than the company earned in the whole of 2016. (NASDAQ:NFLX). Redmond Asset invested 0.47% of its capital in Netflix, Inc.

The company also said it expects to have $7.5 billion to $8 billion of content expenses this year, in line with previous estimates.

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Net income rose to US$290.1 million, or 64 United States cents per share, in the quarter ended March 31 from US$178.2 million, or 40 U.S. cents per share, a year earlier.

Whether or not Netflix exceeds or falls short of its target of 123.9 million total subscribers by the end of March will likely influence the stock's direction, but naturally the guidance it initiates for the second quarter will be a big factor in determining the way that the S&P 500's hottest stock over the past five years moves on Tuesday. The company briefly touched on its new agreement with Comcast, and while it didn't reveal the new bundle prices, it did say that "We believe that the lower churn in these bundles offsets the lower Netflix ASP".

Shares of NFLX stock opened at $307.78 on Tuesday. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Reed Hastings sold 75,369 shares of Netflix stock in a transaction that occurred on Monday, January 22nd. Following the completion of the sale, the director now owns 7,332 shares in the company, valued at approximately $1,928,316. Company insiders own 4.90% of the company's stock. Institutional investors and hedge funds own 81.65% of the company's stock. Balentine LLC grew its position in Netflix by 1,020.4% in the 3rd quarter. First Trust Advisors LP now owns 1,979,971 shares of the Internet television network's stock valued at $380,075,000 after purchasing an additional 174,630 shares during the period. Yet, the company's subscriber growth continues to be trending in the right direction.

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