What Next for Netflix, Inc. (NFLX) Stock After Touching 52-Week High?

June 14, 2018 - By Jason Grubb

Netflix, Inc. (NASDAQ:NFLX) Logo

Investors sentiment decreased to 1.23 in Q1 2018. Its down 0.08, from 1.31 in 2017Q4. It fall, as 47 investors sold Netflix, Inc. shares while 310 reduced holdings. 156 funds opened positions while 283 raised stakes. 329.43 million shares or 4.36% less from 344.43 million shares in 2017Q4 were reported.
Idaho-based Caprock Grp has invested 0.07% in Netflix, Inc. (NASDAQ:NFLX). Mackay Shields Limited Liability Corp reported 0.3% in Netflix, Inc. (NASDAQ:NFLX). Duquesne Family Office Ltd Limited Liability Company holds 189,700 shares. Schwab Charles Investment Inc holds 1.52 million shares or 0.35% of its portfolio. Rampart Invest Mgmt Co Lc reported 17,004 shares. Griffin Asset Mngmt owns 700 shares. Montag A & Assoc Incorporated accumulated 994 shares or 0.03% of the stock. Ubs Asset Mngmt Americas Inc holds 1.85M shares. Korea Inv Corp invested in 0.65% or 474,994 shares. Sands Cap Mngmt Ltd Liability Co has invested 5.56% in Netflix, Inc. (NASDAQ:NFLX). Rafferty Asset Mngmt Ltd Llc holds 0.03% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 7,379 shares. Delta Asset Mgmt Ltd Liability Corporation Tn holds 0.02% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 425 shares. Parametric Assoc Lc, a Washington-based fund reported 1.05 million shares. Mitsubishi Ufj Tru And Banking Corp reported 1.35M shares or 0.7% of all its holdings. Eaton Vance accumulated 347,384 shares.

Since December 18, 2017, it had 0 buys, and 48 selling transactions for $193.78 million activity. 63,889 Netflix, Inc. (NASDAQ:NFLX) shares with value of $18.02M were sold by HASTINGS REED. On Tuesday, February 13 the insider BATTLE A GEORGE sold $2.77M. 11,264 shares were sold by HOAG JAY C, worth $3.01 million. $231,350 worth of Netflix, Inc. (NASDAQ:NFLX) was sold by BARTON RICHARD N. 9,009 Netflix, Inc. (NASDAQ:NFLX) shares with value of $2.48 million were sold by Peters Gregory K. KILGORE LESLIE J sold $175,770 worth of stock or 630 shares.

The stock of Netflix, Inc. (NASDAQ:NFLX) hit a new 52-week high and has $420.37 target or 7.00 % above today’s $392.87 share price. The 6 months bullish chart indicates low risk for the $170.78B company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $420.37 price target is reached, the company will be worth $11.95 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 3.41% or $12.94 during the last trading session, reaching $392.87. About 14.51M shares traded or 54.94% up from the average. Netflix, Inc. (NASDAQ:NFLX) has risen 115.45% since June 14, 2017 and is uptrending. It has outperformed by 102.88% the S&P500.

Analysts await Netflix, Inc. (NASDAQ:NFLX) to report earnings on July, 16. They expect $0.80 EPS, up 433.33 % or $0.65 from last year’s $0.15 per share. NFLX’s profit will be $347.75 million for 122.77 P/E if the $0.80 EPS becomes a reality. After $0.64 actual EPS reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts 25.00 % EPS growth.

Netflix, Inc. (NASDAQ:NFLX) Ratings Coverage

Among 32 analysts covering Netflix (NASDAQ:NFLX), 21 have Buy rating, 1 Sell and 10 Hold. Therefore 66% are positive. Netflix had 61 analyst reports since January 2, 2018 according to SRatingsIntel. As per Monday, March 5, the company rating was maintained by UBS. The firm earned “Buy” rating on Monday, April 16 by Canaccord Genuity. The firm earned “Buy” rating on Thursday, May 17 by GBH Insights. Wedbush maintained the stock with “Sell” rating in Wednesday, January 17 report. As per Tuesday, April 17, the company rating was maintained by Robert W. Baird. The firm has “Buy” rating given on Monday, January 22 by Canaccord Genuity. The stock of Netflix, Inc. (NASDAQ:NFLX) earned “Underperform” rating by Wedbush on Tuesday, April 17. The rating was maintained by Piper Jaffray with “Buy” on Friday, March 9. On Tuesday, January 16 the stock rating was maintained by Raymond James with “Buy”. The company was maintained on Tuesday, January 23 by Wedbush.

More notable recent Netflix, Inc. (NASDAQ:NFLX) news were published by: Nasdaq.com which released: “Here’s How Netflix Made Warner Bros. Television Fork Over $300 Million” on June 14, 2018, also Benzinga.com with their article: “Goldman Sachs Raises Netflix Price Target To $490, Projects Positive Cash Flow By 2022” published on June 13, 2018, Nasdaq.com published: “Confidently Rush into Comcast Corporation — Fears Are Overblown” on June 14, 2018. More interesting news about Netflix, Inc. (NASDAQ:NFLX) were released by: Seekingalpha.com and their article: “No One Is Buying Netflix” published on June 14, 2018 as well as Benzinga.com‘s news article titled: “Citron Says Netflix Bulls Need A ‘Reality Check'” with publication date: June 14, 2018.

Netflix, Inc., an Internet television network, engages in the Internet delivery of television shows and movies on various Internet-connected screens. The company has market cap of $170.78 billion. It operates in three divisions: Domestic Streaming, International Streaming, and Domestic DVD. It has a 263.32 P/E ratio. The firm offers TV shows and movies, including original series, documentaries, and feature films.

Netflix, Inc. (NASDAQ:NFLX) Institutional Positions Chart

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