Axiom Capital Initiates Coverage on Netflix to Sell

Axiom Capital Initiates Coverage on Netflix(NASDAQ:NFLX). The shares have been rated Sell. The rating by Axiom Capital was issued on Aug 29, 2016.

In a different note, On Aug 24, 2016, William Blair said it Upgrades its rating on Netflix. The shares have been rated ‘Market Outperform’ by the firm. On Jul 19, 2016, JP Morgan said it Maintains its rating on Netflix. In the research note, the firm Lowers the price-target to $125.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 19, 2016, Goldman Sachs said it Maintains its rating on Netflix. In the research note, the firm Lowers the price-target to $120.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 19, 2016, Credit Suisse said it Maintains its rating on Netflix. In the research note, the firm Raises the price-target to $119.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 19, 2016, Citigroup said it Maintains its rating on Netflix. In the research note, the firm Lowers the price-target to $106.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 19, 2016, Wedbush said it Maintains its rating on Netflix. In the research note, the firm Raises the price-target to $45.00 per share. The shares have been rated ‘Underperform’ by the firm.

Netflix (NFLX) shares turned negative on Thursdays trading session with the shares closing down -0.07 points or -0.07% at a volume of 41,48,621. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $97.98. The peak price level was also seen at $97.98 while the days lowest was $96.916. Finally the shares closed at $97.38. The 52-week high of the shares is $133.27 while the 52-week low is $79.95. According to the latest information available, the market cap of the company is $41,749 M.

Netflix(NFLX) last announced its earnings results on Jul 18, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.10B. Analysts had an estimated revenue of $2.11B. Earnings per share were $0.09. Analysts had estimated an EPS of $0.02.

Several Insider Transactions has been reported to the SEC. On Aug 23, 2016, Reed Hastings (CEO) sold 102,340 shares at $95.21 per share price.Also, On Aug 19, 2016, Richard N Barton (director) sold 1,400 shares at $95.46 per share price.On Aug 10, 2016, Jay C Hoag (director) purchased 300,000 shares at $94.29 per share price, according to the Form-4 filing with the securities and exchange commission.

Netflix Inc. is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (TV) shows and movies per month including original series documentaries and feature films on Internet-connected screen. The Company has three operating segments: Domestic streaming International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of DVD-by-mail. Its members can play pause and resume watching all without commercials or commitments. Additionally in the United States its members can receive DVDs to their homes. The Company offers streaming service both domestically and internationally.

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