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

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

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

Bernstein initiated the stock with "Outperform" rating in Friday, March 17 report.

IBD'S TAKE: Netflix stock has an IBD Composite Rating of 93, meaning it has outperformed 93% of stocks in key metrics over the past 12 months.

Several other research firms also recently commented on NFLX.

For the September quarter, analysts expect Netflix to earn 32 cents a share excluding items, up from 12 cents in the year-earlier period. RBC Capital Markets maintained the shares of NFLX in report on Friday, June 16 with "Buy" rating. Price Target plays a critical role when it comes to the analysis of a Stock.

Verizon Communications Inc. (VZ) now has a weekly volatility of 1.06%
Wells Fargo Co Mn has 115,953 shares for 0% of their portfolio. 22,871 are owned by Cohen Klingenstein Ltd Liability Com. The stock of Rollins, Inc. (NYSE:VZ) has "Sector Perform" rating given on Wednesday, January 25 by RBC Capital Markets.

Among 7 analysts covering Dignity PLC (LON:DTY), 1 have Buy rating, 0 Sell and 6 Hold. The stock has "Buy" rating by Berenberg on Thursday, February 9. (NASDAQ:NFLX). Addison Company invested in 1,758 shares or 0.21% of the stock.

In other news, Director Leslie J. Kilgore sold 903 shares of the stock in a transaction on Thursday, October 5th. Netflix Inc. has $230 highest and $125 lowest target. As of today, the company has a SMA200 (200-day simple moving average) of 2.26 Percent. (NASDAQ:NFLX)'s stock has changed 58.21%.

Analysts are predicting earnings per share growth of 51.50% for the current year. The return on assets stands at 6.4%, Return on Equity now is 16.9% and the Return on Investment value is 12.9%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period past year, the business posted $0.09 EPS. Both are a bit below last quarter's numbers, but significantly above last year's. Many investors and analysts must be asking themselves whether Netflix can sustain its current performance despite increasing competition in the online streaming industry.

COPYRIGHT VIOLATION NOTICE: This story was originally reported by Week Herald and is the sole property of of Week Herald. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & global copyright legislation. Finally, Guggenheim reiterated a buy rating and set a $225.00 price objective (up previously from $210.00) on shares of Netflix in a research report on Friday, October 6th. 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The stock was sold at an average price of $188.61, for a total transaction of $20,598,852.54. The disclosure for this sale can be found here.

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The North Korea flag flutters next to concertina wire at the North Korean embassy in Kuala Lumpur, Malaysia March 9, 2017.

The stock increased 0.47% or $0.91 during the last trading session, reaching $195.86. The company has 431.4 Million shares outstanding and 423.94 Million shares were floated in market.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC increased its stake in shares of Netflix by 0.6% during the 2nd quarter. He believes Netflix beat subscriber estimates for the third quarter and that it will do so again for the fourth quarter. The stock is now moving below its 20-Day Simple Moving Average of -1.29% with a 50-Day Simple Moving Average of -0.6 percent. 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. Netflix stock breached $200 only briefly as the markets opened this morning, then dropped slightly below the tide-mark again. Finally, Kalos Management Inc. increased its stake in shares of Netflix by 0.7% during the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network's stock worth $242,000 after acquiring an additional 12 shares during the period.

"For anyone who still questions whether Netflix has pricing power", Juenger asks regarding the recent price hike, which brings its mid-tier plan from $11 to $12 per month and its top-level plan from $12 to $14, "How many businesses can you name that have done that?" The Firm operates through three divisions: Domestic streaming, worldwide streaming and Domestic DVD.

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