Netflix is working hard to keep Disney's content on its streaming platform

Why Disney Is Prepared to Cut the Cord

Why Disney Is Prepared to Cut the Cord

(NASDAQ:NFLX). Coatue Mngmt Limited Liability Company owns 4.31% invested in Netflix, Inc. (NASDAQ:NFLX) from a hold rating to a buy rating in a research report report published on Thursday, July 13th.

Netflix, Inc., launched on August 29, 1997, is a provider an Internet television network.

Losing Disney movies could spell huge revenue losses for subscription video-on-demand (SVOD) leader Netflix. But as you may know, Disney is a gigantic company that owns pretty much everything you love, including the new Star Wars films and Marvel franchises. The company's efforts to attract viewers through investing in more regional programming should also boost user base. Also, insider Gregory K. Peters sold 6,853 shares of the firm's stock in a transaction dated Tuesday, May 30th. (The) restated a "buy" rating and set a $170.00 price objective on shares of Netflix in a research note on Friday, April 14th.

Piper Jaffray Companies restated their overweight rating on shares of Netflix, Inc. Following the completion of the transaction, the director now owns 8,012 shares in the company, valued at approximately $1,254,839.44.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter. The stock has an average rating of Buy and a consensus price target of $175.13. 4,452,892 shares of the company traded hands.

Netflix, Inc. has a 12-month low of $91.82 and a 12-month high of $191.50. The 50 day moving average was up by +0.51% whereas the 200 day average was up by +10.19%. The stock has a market capitalization of $73.65 billion, a PE ratio of 207.538 and a beta of 1.02. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network's stock worth $245,000 after buying an additional 11 shares in the last quarter. "Netflix has a large head start, but Disney thinks it can succeed and this represents a big turning point of the company". Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business's revenue was up 32.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share.

Its stock closed on Tuesday up 0.6% to $106.98. Another trade for 2,135 shares valued at $312,756 was sold by CRANZ TAWNI. The shares were sold at an average price of $156.62, for a total value of $156,620.00. Institutional investors own 82.78% of the company's stock. Richard N. Barton, Director disclosed the sale of 2,000 shares of NFLX stock. SRS Capital Advisors Inc. increased its position in Netflix by 3,361.9% in the first quarter. APG Asset Management N.V. owned 0.13% of Netflix worth $81,612,000 as of its most recent SEC filing. Finally, Harfst & Associates Inc. purchased a new stake in Netflix during the first quarter worth about $109,000.

Reed Hastings, CEO let go of $20,618,511 worth of shares at an average price of $188.79 on Mon the 24th.

Wealth Enhancement Advisory Services LLC acquired a new stake in Netflix, Inc.

The good news is, Netflix saw this coming, in what it calls a "natural evolution" for content producers. Two equities research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and twenty-nine have issued a buy recommendation on the company.

Netflix and Disney inked the licensing pact for the U.S. pay-TV window in 2012, under which Netflix secured streaming rights to the Mouse House's films starting with 2016 releases.

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