Netflix, Inc. (NASDAQ:NFLX) was one of the stories of the year when it comes to the stock market. Starting the year off at just $49.85 per share, it has climbed nearly 73% to where it stands today. This has left many investors wondering if 2016 could possibly be as exciting as this past year, when it comes to stock increases.
No one can say for sure, but certainly Netflix, Inc. (NASDAQ:NFLX) has plenty in store for customers in 2016, starting off with many additions to their library on January 1, 2016. These additions include the following:
2 Fast 2 Furious (2003)
Along Came Polly (2004)
American Girl: Grace Stirs up Success (2015)
Angry Birds Toons: Season 1
Bring It On: Fight to the Finish (2009)
Bring It On: In It to Win It (2007)
The Celebrity Plastic Surgeons of Beverly Hills: Season 1
Forensic Files: Collection 2
Friday Night Tykes: Season 1-2
The Good Road (2013)
House of Wax (2005)
How to Change the World (2015)
Ice Age 2: The Meltdown (2006)
Intolerable Cruelty (2003)
Journey to Le Mans (2014)
Loins of Punjab (2007)
Meet the Fockers (2004)
Meet the Parents (2000)
Nanny McPhee (2006)
Pooh’s Heffalump Movie (2005)
Pride and Prejudice (2005)
The Rundown (2003)
Shout Gladi Gladi (2015)
Smokin’ Aces 2: Assassins’ Ball (2009)
Something New (2006)
Stephen Fry Live: More Fool Me (2014)
Stewart Lee’s Comedy Vehicle: Season 3
The Tale of Despereaux (2008)
Under Arrest: Season 1: “Put Some Clothes On”
We Need to Talk About Kevin (2011)
The Wedding Date (2005)
The Whole Ten Yards (2004)
The stock is down 0.40% or $0.48 today, hitting $118.64 per share. Approximately 14,411 shares traded hands. NFLX shares have declined 81.06% since May 27, 2015 and are currently downtrending. It has underperformed the S&P500 by 78.80%.
From a total of 25 analysts covering Netflix (NASDAQ:NFLX) stock, 20 rate it a “Buy”, 0 a “Sell”, and 5 a “Hold”. This means that 80% of the ratings are positive. The highest target price is $175 while the lowest target price is $72. The mean of all analyst targets is $132.72 which is 11.87% above today’s ($118.64) stock price. Netflix was the topic of 36 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Topeka Capital Markets maintained shares on November 16 with a “Buy” rating. BMO Capital Markets initiated shares with a”Market Perform” rating and a $115 target share price in their report from an October 9. Oppenheimer maintained NFLX stock in a recent report from October 15 with a “Outperform” rating. Vetr upgraded the rating on September 1. Vetr has a “Hold” rating and a $122.24 price target on shares. Finally, JP Morgan maintained the stock with a “Overweight” rating in a report they issued on an October 15.
The institutional sentiment increased to 1.54 in Q2 2015. It’s up 0.29, from 1.25 in 2015Q2. The ratio is positive, as 58 funds sold all their Netflix, Inc. shares they owned while 194 reduced their positions. 149 funds bought stakes while 238 increased their total positions. Institutions now own 639.63 million shares which is 1081.93% more than the previous share count of 54.12 million in 2015Q2.
Srs Investment Management Llc holds 40.42% of its total portfolio in Netflix, Inc., equating to 11.81 million shares. Technology Crossover Management Vii Ltd. owns 5.04 million shares representing 34.23% of their total US portfolio. Moreover, Ctc Llc has 33.44% of their total portfolio invested in the company, equating to 645,718 shares. The Pennsylvania-based Barton Investment Management has a total of 29.76% of their portfolio invested in the stock. Tiger Global Management Llc, a New York-based fund reported 18.00 million shares owned.
Since February 25, 2015, the stock had 0 insider buys, and 21 sales for a total of $85.52 million in net activity. Barton Richard N sold 2,800 shares worth $281,260. Hastings Reed sold 86,037 shares worth $8.68M. Battle A George sold 49,000 shares worth $5.29M. Cranz Tawni sold 1,512 shares worth $190,179. The insider Peters Gregory K sold 6,545 shares worth $841,491.
Netflix, Inc. is a provider of Internet television network. The company has a market cap of $49.85 billion. The Firm has over 57 million streaming members in over 50 countries. It has 316.35 P/E ratio. The Company’s members can watch more than two billion hours of television shows and movies per month, including original series, documentaries and feature films on Internet-connected screen.