Netflix, Inc. (NFLX) Breaks Out to Newest High

(NASDAQ:NFLX) saw a surprise factor of 20%. 2 analysts rated it as strong sell.

Netflix, Inc. using SYMBOL code NASDAQ:NFLX had its stock rating noted as “Initiated” with the recommendation being set at “BUY” today by analysts at Guggenheim. Specifically, the brokerage firm started coverage with a “buy” rating and $160 price target, sending the shares to a record peak of $122.79 around noon.

Last month, Netflix reported earnings of $0.06 per share on $1.64 billion in revenue in the second quarter.

Michael Morris, a Guggenheim analyst, issued a buy recommendation Tuesday. The company’s quarterly revenue was up 22.8% compared to the same quarter past year. The net result was for 27 transactions, worth $185.36M.

The company shares have rallied 89.3% in the past 52 Weeks. Ctc Llc is another very bullish investment manager who is possessing 37,184 shares of Netflix or 21.12% of their US long stock exposure.

John Blackledge, an analyst at Cowen & Co has a price target of $150 per share. (NFLX:NASDAQ). The current rating of the shares is Outperform. The rating by the firm was issued on July 16, 2015. S&P 500 has rallied 8.5% during the last 52-weeks. The company had a trading volume of 10,113,147 shares. The stock was sold at an average price of $110.45, for a total value of $1,237,813.15. Post opening the session at $114.6, the shares hit an intraday low of $111.78 and an intraday high of $114.6 and the price vacillated in this range throughout the day. The company has a market cap of $47,951 million and there are 426,005,000 shares in outstanding.

Netflix, Inc.is an Internet television network with more than 44 million members in over 40 countries. During the same quarter in the prior year, the company posted $1.15 EPS. Its members can view greater than two billion hours of television (NASDAQ:NFLX) shows and pictures per month, including original series, documentaries and feature films on Internet-connected screen. The Company operates in three segments: Domestic streaming, worldwide streaming and Domestic DVD. Its members can play, pause and resume seeing, all without commercials or commitments. The Domestic and global streaming segments derive revenues from monthly membership fees for services consisting exclusively of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting exclusively of DVD-by-mail. Moreover, to their dwellings, DVDs can be received by its members in America.

Morris believed that Netflix will continue to increase the number of its subscribers at a steady rate as it expands its service internationally.