Netflix Stock Outlook (NFLX): Cycles Point Higher Yet

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NFLX has been the subject of several other reports. Kraft increased his rating to Buy from Hold and raised his price target for the stock to US$350 from US$240, it said.

Don't let Netflix's quiet M&A track record fool you: The company is open to making the right deal, according to top execs who discussed that prospect in an appearance on the streaming service's pre-taped discussion following its earnings report Monday. SunTrust Banks set a $270.00 price objective on shares of Netflix and gave the stock a hold rating in a research note on Wednesday, February 14th. The company has an average rating of Buy and an average price target of $269.18. This kind of negative free cash flow simply makes discounted cash flow (DCF) valuation, where Netflix's stock value would be assessed based on its forecasted future cash flows "impossible", writes the analyst.

As it grows in worldwide markets, Netflix is continuing with its formula of producing local shows for countries which appeal to global audiences. The company 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 (NASDAQ:NFLX) last announced its earnings results on Monday, April 16th. Earnings per share went up to Dollars 0.64 from 0.40. Netflix had a return on equity of 7.51% and a net margin of 2.11%. 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). Earnings per share rose 59% to 64 cents, matching expectations. During the same period in the previous year, the business earned $0.40 earnings per share. research analysts expect that Netflix will post 2.74 EPS for the current fiscal year.

In related news, insider Gregory K. Peters sold 8,358 shares of the firm's stock in a transaction that occurred on Tuesday, January 23rd. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The stock was sold at an average price of $283.39, for a total transaction of $198,373.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock.

To help cover its mounting costs, Netflix hiked prices by 10% in the final quarter of 2017, to $10.99 a month for the standard service. Balentine LLC grew its position in Netflix by 1,020.4% in the 3rd quarter. The popularity of the service surged in the United States once Netflix began funding original series, such as House of Cards and Orange Is the New Black. The brokerage presently has a "buy" rating on the Internet television network's stock. Inc. boosted its holdings in Netflix by 47.1% in the fourth quarter. Technology Crossover Management VIII Ltd. now owns 900,000 shares of the Internet television network's stock worth $172,764,000 after buying an additional 259,566 shares in the last quarter.

Meanwhile, Netflix has raised its US streaming prices twice since 2014.

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens.

It was not all sunshine for Netflix in recent months, however, with an announcement by the prestigious Cannes film festival that the company's movies can not compete at the event.

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