Netflix stock surges past $200 for first time

(NASDAQ:NFLX) have recently risen to a new 52-week high.

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Netflix wasn't one of them!

A number of other brokerages have also recently weighed in on NFLX. Morgan Stanley set a $210.00 price objective on Netflix and gave the company a buy rating in a research note on Tuesday, July 18th.

Netflix, Inc. (NFLX) has an Analysts' Mean Recommendation of 2.2. $172.42's average target is -13.57% below currents $199.49 stock price. Netflix comprises approximately 9.8% of Kayak Investment Partners LLC's holdings, making the stock its 5th largest holding.

ILLEGAL ACTIVITY WARNING: "Richard N. Barton Sells 2,000 Shares of Netflix, Inc". Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have issued a buy rating to the stock.

Goldman Sachs reiterated its buy rating on Netflix and upped its price target to 235 from 200.

Internet television network Netflix (NFLX) received at least four price-target increases to its stock from Wall Street analysts on Friday ahead of third-quarter results due Monday. 12,081,252 shares of the company traded hands. The 50 day moving average was up by +9.08% whereas the 200 day moving average was up $33.29 or +20.15%. The stock has a market capitalization of $86.13 billion, a P/E ratio of 242.69 and a beta of 1.09. The median price target on Netflix's stock is $208, which has moved up 22 percent over roughly three months, showing Wall Street's growing bullishness.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 17th. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. The company expects to spend about $2.5 billion in 2017 on buying movies and TV show rights. During the same quarter in the prior year, the business earned $0.09 earnings per share. The firm's revenue for the quarter was up 32.3% compared to the same quarter a year ago.

Analysts await Netflix, Inc.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by Week Herald and is owned by of Week Herald. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States and global copyright & trademark law. Also, Director Leslie J. Kilgore sold 1,078 shares of Netflix stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $147.39, for a total transaction of $147,390.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The company was maintained on Wednesday, July 12 by Wedbush. The stock was sold at an average price of $182.17, for a total transaction of $454,696.32. The disclosure for this sale can be found here. The stock has climbed 25.08% over the past 3 months, while fell -0.06% during the past 5 days of trading. Calamos Advisors LLC grew its position in Netflix by 198.5% in the 2nd quarter. TPG Group Holdings SBS Advisors Inc. increased its position in Netflix by 18.0% in the second quarter. Jennison Associates LLC lifted its stake in Netflix by 14.0% in the 2nd quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network's stock valued at $245,000 after acquiring an additional 11 shares during the last quarter. The insider HUNT NEIL D sold $4.09 million. Flinton Capital Management LLC now owns 4,992 shares of the Internet television network's stock worth $746,000 after buying an additional 560 shares during the period. Netflix has predicted faster gains both in the US and global segments for the third quarter, with overall membership rising by 4.4 million compared to 3.57 million in the year-ago period. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network's stock valued at $121,708,000 after purchasing an additional 811,007 shares during the last quarter.

Shares of Netflix, Inc. The Firm operates through three divisions: carbon flat products, specialty metals flat products, and tubular and pipe products. This has made the streaming service lose its previous appeal where subscribers could access content from numerous producers at a small monthly fee. The International streaming segment includes services that streams content to its members outside the United States.

  • Eleanor Harrison