Netflix Stock Seesaws After Third-Quarter Subscriber Beat

Reed Hastings CEO of Netflix

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend.

Morgan Stanley: "Our new $235 price target (vs. prior $225) implies ~12.5x our 2027E EBITDA discounted back to mid-year 2018".

The company will put the money toward a slew of new original movies, ramping up audiences worldwide, teen dramas, acquiring intellectual property and merchandise, Netflix officials said Monday.

Netflix is already beginning to put out the bigger budget fare, such as "Bright", a $90 million thriller starring Will Smith set for release on the streaming site on December 22. The stock has an average rating of "Buy" and an average target price of $200.29. (NASDAQ:NFLX). Apriem Advsr, California-based fund reported 1,494 shares. Prices peaked in the after market at $211 which marked a 4.1% jump in value, which is actually one of Netflix's smaller earning jumps. Netflix, Inc. (NFLX) now has 431750 shares outstanding, which means that its market capitalization is $87.44B. The stock's 50-day moving average price is $183.35 and its 200-day moving average price is $165.87. The streaming giant also generated $2.98 billion in revenue, barely besting Wall Street estimates.

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The company announced 29 cents per share in earnings on $2.98 billion in revenue while analyst were looking for $2.97 billion. Netflix Inc. had 30 analyst reports since March 15, 2017 according to SRatingsIntel. NFLX now has a profit margin of 3.60%.

Wall Street analysts, on average, are forecasting the company's EPS to be 0.32, compared to 0.15 reported in the same quarter a year ago. This showed a surprise of -9.4% in the last quarter earnings. Equities analysts predict that Netflix will post $1.19 EPS for the current fiscal year. Netflix, Inc. was founded in 1997 and is headquartered in Los Gatos, California. "We don't see anything on the near-term horizon that is likely to materially slow this momentum", Dougherty & Co analyst Steven Frankel wrote in a client note. Finally, Kalos Management Inc. boosted its stake in Netflix by 0.7% during the second quarter.

In related news, Director Richard N. Barton sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the completion of the transaction, the director now owns 8,012 shares of the company's stock, valued at $1,327,748.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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