Netflix Spending Spree Spurs Subscriber Growth by 5 Million This Quarter

Shares of Netflix have gained almost 65% in the year to date. The Weekly and Monthly Volatility of the stock are 2.40% percent and 2.18% percent, respectively. The stock had a trading volume of 9,916,194 shares.During the second quarter, Netflix released House of Cards Season 5, Unbreakable Kimmy Schmidt, Season 3, a news season of Orange is the New Black, Master of None and season 2 of Sense8, just to name a few.Several other institutional investors also recently modified their holdings of the company. The second quarter historically has been a weaker period for Netflix subscriber adds. FMR LLC raised its stake in Netflix by 6.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 70,112 shares of the Internet television network’s stock valued at $10,475,000 after buying an additional 58,661 shares during the last quarter. For the full year, Netflix is expected to report revenue of $11.28 billion, a 28% rise over 2016, and EPS of $1.05. State Street Corp now owns 17,535,737 shares of the Internet television network’s stock valued at $2,591,946,000 after buying an additional 463,143 shares in the last quarter. The original version of this news story can be accessed at The firm owned 81,000 shares of the Internet television network’s stock after selling 35,000 shares during the period. 5,561,263 shares of the company traded hands.Netflix, Inc. has a 52 week low of $84.50 and a 52 week high of $166.87. (NASDAQ:NFLX) opened at 161.12 on Monday.Netflix Company Profile Netflix, Inc is a provider an Internet television network. The firm has a 50 day moving average of $157.80 and a 200 day moving average of $144.87.Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03.The company said on Monday it added 4.14 million subscribers internationally in the quarter ended June 30, compared with the average analyst estimate of 2.59 million, according to data from analytics firm FactSet. HASTINGS REED sold $12.05 million worth of Netflix, Inc. The institutional investor held 3,460 shares of the consumer services company at the end of 2016Q4, valued at $428,000, down from 6,909 at the end of the previous reported quarter.Q2 EPS (GAAP): $0.15 per share versus Wall Street expectations of $0.16.Receive Netflix, Inc. News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Netflix, Inc. with’s FREE daily email newsletter.WARNING: This news story was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and worldwide copyright & trademark laws.Independence Advisors LLC acquired a new position in Netflix, Inc. Cowen and Company reaffirmed a “buy” rating and set a $170.00 price target on shares of Netflix in a research report on Friday. Netflix has an average rating of “Buy” and a consensus target price of $151.53. Morgan Stanley reiterated an “overweight” rating and issued a $185.00 price target (up from $175.00) on shares of Netflix in a report on Thursday. Finally, Jefferies Group LLC boosted their price objective on Netflix from $135.00 to $141.00 and gave the company a “hold” rating in a report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-nine have given a buy rating to the stock. The shares were sold at an average price of $140.97, for a total value of $12,968,394.18. It is positive, as 53 investors sold CIGNA Corporation shares while 249 reduced holdings.