Netflix posts strong Q1 revenues of $3.7bn

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"Netflix has changed the industry in a profound way and in doing so has given itself a significant lead, making it very hard for the traditional media companies, or even other big tech companies, to catch up", Kraft wrote last week. Finally, Goldman Sachs set a $315.00 price objective on Netflix and gave the stock a "buy" rating in a research note on Friday, January 19th.

Mr Hastings hasn't forgotten when a price increase nearly took down the company. Netflix now has a consensus rating of "Buy" and an average target price of $272.16. This kind of negative free cash flow simply makes discounted cash flow (DCF) valuation, where Netflix's stock value would be assessed based on its forecasted future cash flows "impossible", writes the analyst. If anything growth continues to accelerate, and a price hike late previous year seems to have little if any negative impact. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. The New York Times also reported last month that Obama was in negotiations with Netflix to produce a series of high-profile shows - like one where he'd moderate conversations on hot button political issues, such as immigration or voting rights. Earnings per share went up to United States dollars 0.64 from 0.40.

Total revenues of $3,602 million are now weighted in favour of the United States, but it is anticipated that this will be eclipsed by global revenues in the next quarter.

The business also achieved earnings per share of 64 cents, in line with expectations.

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That was one of the takeaways from Netflix's first-quarter 2018 "earnings interview" - a pre-recorded video equivalent of the traditional company earnings call - in which CEO Reed Hastings fielded a broader question about whether he thinks Netflix will be affected by government concerns around data privacy. 20,102,189 shares of the company's stock were exchanged, compared to its average volume of 11,459,644. The shares were sold at an average price of $144.85, for a total transaction of $289,700.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The stock was sold at an average price of $283.39, for a total transaction of $198,373.00. The disclosure for this sale can be found here.

Institutional investors have recently bought and sold shares of the stock.

"Our move into news has been misreported over and over again and we're not looking to expand into news beyond the work that we're doing in short form and long form feature documentaries", he said, when asked about rumors of a bigger push into news. Balentine LLC grew its position in Netflix by 1,020.4% in the 3rd quarter. Netflix shares rose on the news. Inc. now owns 625 shares of the Internet television network's stock worth $120,000 after purchasing an additional 200 shares during the last quarter. The brokerage presently has a "buy" rating on the Internet television network's stock. The company announced better-than-expected earnings, and shared the figure alongside the earnings release. Insiders have sold 442,200 shares of company stock worth $119,779,880 in the last 90 days. Highland Capital Management LLC boosted its stake in Netflix by 218.5% in the third quarter. Hedge funds and other institutional investors own 81.65% of the company's stock.

Meanwhile, Netflix has raised its US streaming prices twice since 2014.

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