Netflix Shares Pop on Subscriber Additions and Positive Guidance

BTIG Research analyst Richard Greenfield on Tuesday increased his price target on Netflix to 170 from 130 based on expectations for improved profitability of the company's global operations. However a year ago for the same quarter the company has reported $0.1 earnings per share.

Analysts polled by Thomson Reuters expect the internet television network to earn 13 cents a share, up 30% year over year, on sales of almost $2.47 billion, up 35%, in Q4.

Netflix beat huge on its Q4 subscriber growth numbers, both in the U.S. and internationally, trouncing both Wall Street expectations and its own guidance.

Insider Trades for Netflix, Inc. show that the latest trade was made on 2 Jan 2017 where Barton (Richard N), the Director completed a transaction type "Sell" in which 581 shares were traded at a price of $126.13. The stock has been active on the tape, now trading at $133.70, up from yesterday's close by 3.50%. Analysts had expected Netflix, Inc.

If we have a peek on EPS and surprise factor history during last four quarters, for the previous quarter ended on 9/2016, the consensus mean EPS was $0.06 while Netflix, Inc.

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It's time to talk Netflix (NFLX) with the company due to report after the bell tomorrow. Seven investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-eight have issued a buy rating to the stock. For more information on Netflix stock, visit the IBD Stock Checkup.

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.

Shares of the company then declined to as low as $98-$101 prior to the release of their third quarter earnings report. Looking at the stock's movement on the chart, Netflix, Inc. recorded a 52-week high of 133.93. The insider owns 51,563 shares as of less than 0.1%, now worth $6893973.1. They now have a $155.00 price objective on the Internet television network's stock, up from their prior price objective of $140.00. Following the completion of the transaction, the chief executive officer now owns 87,297 shares in the company, valued at $11,062,275.84.

Despite the slowing growth rate, Netflix is forecast to retain its No. 2 ranking for OTT video viewers among market competitors.

Morgan Stanley restated their overweight rating on shares of Netflix, Inc.

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