Harwood Advisory Group LLC Boosts Stake in Netflix, Inc. (NFLX)

Netflix Adds 5.2 Million Subscribers Crushing Estimates

Over the trailing year, the stock is outperforming the S&P 500 by 51.4, and it's gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. UBS AG reaffirmed a "buy" rating and set a $175.00 price target on shares of Netflix in a research report on Wednesday, April 19th. Cowen and Company reaffirmed a "buy" rating and set a $170.00 price target on shares of Netflix in a research report on Friday.

Among 20 analysts covering Abbott Laboratories (NYSE:ABT), 12 have Buy rating, 0 Sell and 8 Hold. The stock of CIGNA Corporation (NYSE:CI) earned "Buy" rating by Sterne Agee CRT on Monday, July 27. (NASDAQ:NFLX) traded up 0.19% during trading on Monday, hitting $161.43. The firm has a 50 day moving average of $157.80 and a 200 day moving average of $144.87. Vestor Capital Llc who had been investing in Abbott Laboratories for a number of months, seems to be less bullish one the $86.34B market cap company.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, April 17th.

In terms of earnings per share, 34 analysts have a 0.23 EPS mean target for the quarter ending Sep-17, for the quarter ending Dec-17, 35 analysts have a 0.27 EPS mean target and for the quarter ending Dec-17 there are 37 estimates of 1.06 EPS.

Net income for the quarter, at $65.6 million in up almost 61% vs. the period past year, on revenues of $2.79 billion, up 32.3%. Netflix had a return on equity of 12.73% and a net margin of 3.55%. The company's quarterly revenue was up 34.7% compared to the same quarter previous year.

Q2 EPS (GAAP): $0.15 per share versus Wall Street expectations of $0.16.

During the second quarter, Netflix released House of Cards Season 5, Unbreakable Kimmy Schmidt, Season 3, a news season of Orange is the New Black, Master of None and season 2 of Sense8, just to name a few.

Multiple areas of disturbance could produce Tropical Storm 'Don'
Weather forecasters are monitoring two systems in the Atlantic, one of which has "medium" potential to become a tropical storm. Air Force Reserve Hurricane Hunter reconnaissance aircraft is scheduled to investigate the disturbance this afternoon.

TRADEMARK VIOLATION WARNING: This story was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of United States & worldwide trademark & copyright laws. Quest Investment Management Inc. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-nine have issued a buy rating to the company's stock. The stock was sold at an average price of $162.00, for a total transaction of $174,636.00.

Total shares held by institutions as of the most recent company filings are 356,711,659 with a reported 23,319,083 bought and 22,737,733 sold.

In other news, insider Gregory K. Peters sold 6,853 shares of the firm's stock in a transaction dated Tuesday, May 30th. "Similarly, the company's CEO HASTINGS REED on 2017-06-20 Sell 115577 shares of the company at a price of $152.63". Corporate insiders own 4.90% of the company's stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 421,458 shares of company stock worth $64,206,893.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock.

Several equities research analysts recently commented on NFLX shares. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since July 17, 2016 and is uptrending. The firm now has a "buy" rating on the Internet television network's stock. CENTRAL TRUST Co increased its stake in Netflix by 25.1% in the second quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network's stock valued at $1,913,727,000 after buying an additional 2,279,835 shares in the last quarter. The second quarter historically has been a weaker period for Netflix subscriber adds. 5,561,263 shares of the company traded hands.

Netflix today said it added 5.2 million additional new subscribers this quarter, a number well above the 3.2 million new subscribers additions that it set itself - and the stock promptly jumped almost 9%.

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