Netflix, Inc. (NFLX) Stock Rating Reaffirmed by Morgan Stanley


The stock remained 1.46% volatile for the week and 1.69% for the month. Let's take a look. Netflix, Inc. (NASDAQ:NFLX) has risen 26% over the past 6 months and is uptrending.

Netflix came in at $2.47 billion revenue for the quarter, in line with the Thomson Reuters projection.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. The High Revenue estimate is predicted as 2.5 Billion, while the Low Revenue Estimate prediction stands at 2.34 Billion. The difference between the estimated and actual earnings was $0.06 per share. Conning Inc. now owns 10,915 shares of the Internet television network's stock valued at $999,000 after buying an additional 30 shares during the period. Perhaps, that suggests something about why 87.50% of the outstanding share supply is held by institutional investors.

Netflix, Inc. has 429,145,000 shares which are now outstanding with shareholders and have a price of 133.7 bringing Netflix, Inc.'s market capitalisation to 57.38B Dollars. Suntrust Banks holds 0.01% or 20,885 shares in its portfolio. Elsewhere, some of the brokerage bunch also remain skeptical, with 15 of 33 rating the shares a "hold" or worse - ample room for upgrades. NFLX rose 1.48%, climbed 7.66% and advanced 34.49% in the week, one month and six months, respectively. Deutsche Bank have set a target price of 110 United States dollars on its stock.

The streaming service giant credits original shows like The Crown, Marvel's Luke Cage, and Gilmore Girls for the stronger than expected growth, according to Deadline. (NASDAQ:NFLX) for 11,432 shares.

In other Netflix news, insider Theodore A. Sarandos sold 91,966 shares of the stock in a transaction that occurred on Tuesday, October 18th.

Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 8 analysts of Thomson Reuters, 5 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating to SBA Communications Corporation (NASDAQ:SBAC) stock. (NASDAQ:NFLX) shares. HASTINGS REED sold $9.74 million worth of stock. Also, Director Richard N. Barton sold 2,800 shares of the stock in a transaction dated Friday, November 18th. While revenue estimates for the current year is $8.82B, Netflix, Inc.

Earlier today, Netflix released its earnings report for the quarter gone by and, suffice it to say, the streaming giant blew expectations completely out of the water across nearly every significant metric.

In after-hours trading, Netflix shares popped more than 8%, after the stock has hit record highs in recent days. Members can watch as much as they want, anytime, anywhere, on almost any Internet-connected screen.