Netflix, Inc. (NFLX) Has 14 Original Movies Coming in 2016


One way for Netflix, Inc. (NASDAQ:NFLX) to attract to customers to their streaming video service is to obtain the rights to exclusive content. This has worked extraordinarily well over the last year as hit shows have drawn new customers to the $7.99 to $99.99 subscription service.

2016, however is a big year for Netflix, Inc. (NASDAQ:NFLX) exclusive content, and we aren’t just talking television series. In fact Netflix has 14 exclusive movies coming to their service in 2016 alone. These include all of the following: Date of release in ( ):

– “Crouching Tiger, Hidden Dragon: Sword of Destiny” (February 26)
– “Pee-wee’s Big Holiday” (March 18)
– “Special Correspondents” (April 29)
– “War Machine” (2016)
– “Mascots” (2016)
– “Jadotville” (2016)
– “First They Killed My Father”
– “The Fundamentals of Caring”
– “Tallulah”
– “Amateur”
– “I Am the Pretty Thing That Lives in the House”
– “ARQ”
– “Clinical”
– “Underground”

The stock is down 0.89% or $0.9 following the news, hitting $99.82 per share. Approximately 15.96M shares traded hands. NFLX shares have risen 6.31% since June 18, 2015 and are currently uptrending. It has outperformed the S&P500 by 15.18%.

From a total of 27 analysts covering Netflix (NASDAQ:NFLX) stock, 21 rate it a “Buy”, 0 a “Sell”, and 6 a “Hold”. This means that 78% 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 $132.33 which is 32.57% above today’s ($99.82) stock price. Netflix was the topic of 40 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Drexel Hamilton initiated shares on January 14 with a “Buy” rating. Credit Suisse maintained shares with a”Neutral” rating and a $124 target share price in their report from an October 15. Robert W. Baird downgraded NFLX stock in a recent report from January 4 to a “Neutral” rating. JP Morgan maintained the rating on October 15. JP Morgan has a “Overweight” rating and a $137 price target on shares. Finally, FBR Capital maintained the stock with a “Outperform” 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 improved, 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 buys, and 14 insider sales for a total of $55.68 million in net activity. Barton Richard N sold 2,800 shares worth $281,260. Hastings Reed sold 86,037 shares worth $8.68 million. 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 $42.56 billion. The Firm has over 57 million streaming members in over 50 countries. It has 355.5 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.