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Top RSI Trades for Today: Netflix, Inc. (NASDAQ: NFLX)

13 October 2017

The stock rose 1.48% or $2.89 reaching $198.75 per share.

Netflix Q3 2017 earnings are slated for release on Monday after closing bell. They now have a $225.00 price target on the Internet television network's stock, up from their previous price target of $210.00.

Netflix has increased the prices for new subscribers at a rate of 10 per cent per year since 2014, the analyst noted, and still has been able to increase its subscriber base to more than 50 million from 34 million. During last 3 month period, 0.01% of total institutional ownership has changed in the company shares. 4,259,081 shares of the stock were exchanged. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network's stock valued at $245,000 after buying an additional 11 shares during the period. Glaxis Management Ltd has invested 0.58% in Netflix, Inc. (NASDAQ:NFLX) for 25,495 shares. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since October 13, 2016 and is uptrending.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 81 Percent. Finally, Harfst & Associates Inc. acquired a new stake in shares of Netflix in the first quarter valued at about $109,000. Insiders sold a total of 318,067 shares of company stock valued at $57,315,706 in the last 90 days. The stock had a trading volume of 6,550,953 shares. The 50 day moving average was up by +9.08% whereas the 200 day moving average was up $33.29 or +20.15%. The stock has a market cap of $86.19 billion, a price-to-earnings ratio of 242.87 and a beta of 1.09.

In terms of performance, we can pore into the stats for Netflix, Inc.

Terry's estimate for 2018's results goes to $15.41 billion in revenue and $2 in EPS, up from his prior forecast for $14.75 billion and $1.89 per share.

Now the return on equity is 12.80% and its debt to equity is 1.55. According to their predictions high & low revenue estimates are 7.54 Billion and 7.13 Billion respectively.

Terry takes heart in the fact the company is raising prices on some plans, arguing that people won't "churn off" the service as much as they did during the "un-grandfathering" that happened previous year, because it's happening "during a period of heavy content consumption". Netflix's revenue for the quarter was up 32.3% compared to the same quarter past year. Equities analysts expect that Netflix will post $1.18 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This article was originally posted by StockNewsTimes and is owned by of StockNewsTimes. The International streaming segment includes services that streams content to its members outside the United States. $4.09M worth of Netflix, Inc. Also, insider Jonathan Friedland sold 2,496 shares of the firm's stock in a transaction on Wednesday, July 19th. The hedge fund held 118,050 shares of the energy company at the end of 2017Q2, valued at $2.80 million, down from 211,438 at the end of the previous reported quarter. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Leslie J. Kilgore sold 903 shares of Netflix stock in a transaction that occurred on Thursday, October 5th. The disclosure for this sale can be found here. Shares for $969,144 were sold by Peters Gregory K. Another trade for 101,815 shares valued at $16.00 million was made by HASTINGS REED on Monday, May 22. (NASDAQ:NFLX) for 576,973 shares. Stifel Nicolaus raised their price objective on Netflix from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, April 18th.

Netflix Inc. shares hit an all-time high on Friday as Goldman Sachs and other brokerages raised their price targets on the world's biggest online-streaming company, citing its ability to raise fees without scaring away customers.

Canaccord Genuity analyst Michael Graham raised his price target for Netflix stock from $200 to $225 in a note to investors on October 9. The company is slated to report third quarter earnings on Monday.

Among 7 analysts covering Dignity PLC (LON:DTY), 1 have Buy rating, 0 Sell and 6 Hold. The stock has "Buy" rating by Berenberg on Thursday, February 9.

Top RSI Trades for Today: Netflix, Inc. (NASDAQ: NFLX)