News headlines about Netflix (NASDAQ:NFLX) have been trending somewhat positive this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Netflix earned a daily sentiment score of 0.67 on their scale. InfoTrie also gave media headlines about the Internet television network an news buzz score of 8 out of 10, meaning that recent news coverage is very likely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Netflix’s ranking:
- Shares Slide as Netflix Records Poor Subscriber Growth (gurufocus.com)
- Netflix: 105 Million Users Have Watched at Least One Episode of ‘Orange Is the New Black’ (EXCLUSIVE) – Variety (variety.com)
- Netflix’s Unbelievable Goes Behind-The-Scenes Of A Real-Life Rape Case – Refinery29 (refinery29.com)
- Why Consumers Are Already Losing in the Streaming Wars – Variety (variety.com)
- Netflix is losing beloved shows, subscribers, and confidence – The Verge (theverge.com)
Shares of NFLX traded down $37.23 during midday trading on Thursday, reaching $325.21. 30,451,963 shares of the stock were exchanged, compared to its average volume of 8,050,226. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market capitalization of $160.02 billion, a P/E ratio of 121.35, a P/E/G ratio of 3.64 and a beta of 1.26. Netflix has a 52 week low of $231.23 and a 52 week high of $386.80. The firm has a 50 day moving average price of $362.60.
Several equities analysts recently weighed in on NFLX shares. Royal Bank of Canada restated a “neutral” rating and set a $145.00 price target on shares of Travelers Companies in a research report on Thursday, April 18th. SunTrust Banks reissued a “buy” rating on shares of Netflix in a report on Friday, April 12th. Loop Capital assumed coverage on shares of TENCENT HOLDING/ADR in a report on Monday, June 3rd. They issued a “buy” rating on the stock. Nomura upped their price objective on shares of IBM from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Stifel Nicolaus restated a “buy” rating and issued a $400.00 price objective on shares of Netflix in a research report on Monday, April 8th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $391.53.
In other Netflix news, Director Ann Mather sold 1,208 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $375.00, for a total value of $453,000.00. Following the completion of the sale, the director now owns 357 shares in the company, valued at $133,875. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 57,414 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $348.88, for a total transaction of $20,030,596.32. Following the completion of the sale, the chief executive officer now owns 57,414 shares of the company’s stock, valued at approximately $20,030,596.32. The disclosure for this sale can be found here. Insiders have sold 167,486 shares of company stock worth $60,955,416 over the last ninety days. Insiders own 4.29% of the company’s stock.
Netflix Company Profile
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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