Netflix shares surge on strong Q1 earnings, record new customer adds

Netlfix's re-imagining of the 1960s sci-fi series Lost in Space

Baird's price target suggests a potential downside of 8.74% from the company's current price.

Other research analysts have also issued reports about the stock.

Netflix's first-quarter report "continues the strong subscriber trends from the last six quarters", he said in a note to clients.

We have a $304 price estimate for Netflix, which is slightly below the current market price.

Netflix (NASDAQ:NFLX) has insider ownership of 4.90% and institutional ownership of 81.65%.

Pivotal Research hikes its price target on NFLX to a Street-high $420 on a glowing assessment of Netflix's momentum within the media/cable industry. The stock has an average rating of "Buy" and an average price target of $293.22.

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Analysts Mean Recommendation/Target Price/Volume: The stock exchanged hands with 2786806 numbers of shares contrast to its average daily volume of 6.43M shares.

The shares rose more than 7 percent in premarket trading as at least 12 brokerages raised their price targets for the stock. Return on assets is 3.30% and Return on equity (ROE) is 17.20% while it's Return on Investment (ROI) of 9.80%. The stock has a market capitalization of $135,240.03, a P/E ratio of 246.22, a P/E/G ratio of 4.27 and a beta of 0.99. Netflix, Inc. has a 12-month low of $84.50 and a 12-month high of $148.29. Revenue of $3.70 billion came in just ahead of our $3.59 billion estimate with the majority of the beat coming from domestic streaming ($1.82 billion actual versus $1.75 billion estimate). The streaming company said that its 43% year-over-year jump in streaming revenue was its best in history.

The company is projecting earnings of 79 cents a share this quarter, as well as revenue of $3.9 billion. Based on the quarterly subscriber growth guide, the analyst expects a record high performance of second quarter net additions this year, beating out last year's number of 5.20 million.

NFLX reached $336.06 on during the last trading session after $28.28 change.Netflix, uptrending after having risen 108.73% since April 17, 2017. The stock was sold at an average price of $255.20, for a total transaction of $2,132,961.60. Earnings per share (EPS) are the portion of a company's profit allocated to each outstanding share of common stock.

Canaccord Genuity analyst Michael Graham said another big quarter leaves analysts in a hard position considering the huge run in Netflix's stock. The shares were sold at an average price of $225.52, for a total value of $16,997,216.88. Following the completion of the transaction, the director now directly owns 7,393 shares of the company's stock, valued at $2,095,102.27. The disclosure for this sale can be found here. Another trade for 630 shares valued at $175,770 was sold by KILGORE LESLIE J. On Monday, January 29 the insider Peters Gregory K sold $2.48 million. The stock of Agree Realty Corporation (NYSE:ADC) earned "Buy" rating by Canaccord Genuity on Monday, July 24.

Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in Netflix by 4.4% during the 4th quarter. "In particular, he noted that NFLX is substantially different from other companies given that it does not sell advertising and spends a very low % of its cost structure on technology (better-categorizing NFLX as a media company as a result)". Inc. now owns 625 shares of the Internet television network's stock valued at $120,000 after acquiring an additional 200 shares during the period.

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