Bernstein: Netflix, Inc. (NFLX) Pricing Power Makes It A Must-Own

Above Netflix share history

Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network's stock worth $229,000 after purchasing an additional 10 shares during the last quarter.

Netflix is scheduled to report its third-quarter earnings on Monday, although that quarter will not reflect the recent price increases, which take effect in November.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. It dived, as 64 investors sold Netflix, Inc. shares while 222 reduced holdings. During the same quarter a year ago, the company posted $0.09 EPS. The Contour Asset Management Llc holds 576,800 shares with $86.18M value, up from 441,800 last quarter. FMR LLC grew its stake in shares of Netflix by 12.4% in the second quarter. The stock's quarterly performance indicates a positive momentum of 21.56 percent, whereas its last one month trend is optimistic with 6.65 percent. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network's stock valued at $365,000 after buying an additional 12 shares during the period. Nordea Inv Management has invested 0.01% in Netflix, Inc. At current levels, Netflix, Inc. Wetherby Asset Management Inc. now owns 5,979 shares of the Internet television network's stock valued at $740,000 after buying an additional 32 shares during the period.

Netflix recently announced that it's raising monthly subscription prices for most of its plans, and Wall Street has praised the decision, mostly because it should help combat one of the biggest sell-side arguments: soaring content costs. According to their observations and findings, the stock could provide a high EPS of $1.7/share and a low EPS of $1.45/share. Fulton Bancorp Na invested in 3,274 shares or 0.04% of the stock. Now we look at the Moving Averages, the 200-day is 24.75%, the 50-day is 9.59% and the 20-day is 5.33%. The firm has a market capitalization of $71.19 billion, a PE ratio of 213.69 and a beta of 1.27. (NASDAQ:NFLX) to release earnings on October, 16.

For the current quarter, 26 analysts are projecting a mean EPS of $1.59/share.

Since May 1, 2017, it had 0 insider purchases, and 12 selling transactions for $30.52 million activity.

Terry takes heart in the fact the company is raising prices on some plans, arguing that people won't "churn off" the service as much as they did during the "un-grandfathering" that happened previous year, because it's happening "during a period of heavy content consumption". Netflix's revenue was up 32.3% compared to the same quarter a year ago. (NASDAQ:NFLX). Aimz Advisors Lc has invested 0.23% of its portfolio in Netflix, Inc.

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In related news, CEO Reed Hastings sold 109,214 shares of the firm's stock in a transaction that occurred on Monday, July 24th. That said, some 26.5 million shares of Netflix stock are still sold short, making up almost 7% of the stock's total float. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The shares were sold at an average price of $177.38, for a total transaction of $2,264,787.84. (The) in a research report issued on Friday.

Anmuth raised his Netflix price target on Friday to $225 from $210. Robert W. Baird maintained the stock with "Hold" rating in Wednesday, October 4 report. FBR Capital maintained it with "Mkt Perform" rating and $100 target in Tuesday, October 18 report. MKM Partners reaffirmed a "buy" rating and issued a $195.00 target price on shares of Netflix in a research report on Monday, July 10th. Vetr raised Netflix from a "sell" rating to a "hold" rating and set a $165.75 target price for the company in a report on Thursday, August 10th.

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