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Netflix, Inc. (NFLX)

  • Tue, May 26, 8:05 AM
    • Cowen Research projects Netflix (NASDAQ:NFLX) will have 104M international subscribers by 2020 after modeling the company's growth in 50 different nations.
    • Guidance from Netflix is for the company to have 22.78M international streaming members by the end of the current quarter.
    • NFLX +0.48% premarket to $624.83.
    | Tue, May 26, 8:05 AM | 4 Comments
  • Fri, May 22, 9:56 AM
    • RBC Capital lifts its price target on Outperform-rated Netflix (NFLX +0.1%) to $700 from $600 in a new note to clients on the streamer.
    • Netflix is also making news on the content side with an announcement it will air A Very Murray Christmas in December.
    • The show stars Bill Murray and includes a host of other well-known actors.
    • The company is also testing a new user interface with some subscribers. A broad roll-out of the click-based platform is expected in the middle part of June.
    | Fri, May 22, 9:56 AM | 10 Comments
  • Thu, May 21, 9:17 AM
    • New additions to Goldman's hedge fund hotels - 50 stocks which most frequently appear among the largest ten holdings of hedge funds: AerCap (NYSE:AER), Assured Guaranty (NYSE:AGO), Baker Hughes (NYSE:BHI), Citizens Financial (NYSE:CFG), Colony Capital (NYSE:CLNY), Dresser-Rand (NYSE:DRC), Family Dollar (NYSE:FDO), Hospira (NYSE:HSP), Netflix (NASDAQ:NFLX), NXP Semi (NASDAQ:NXPI), Pharmacyclics (NASDAQ:PCYC), Visa (NYSE:V), and Walgreens (NASDAQ:WBA).
    • Since 2001, the basket has outperformed the S&P 500 in 66% of quarters by an average of 73 basis points. YTD, however, it has underperformed by nine bps. Goldman notes the current basket overweights Consumer Discretionary (22%) and underweights Consumer Staples (2%).
    • Looking at the full list, Actavis (NYSE:ACT) leads the way, with 77 funds naming the stock as a top 10 holding. Next up is Apple (NASDAQ:AAPL) with 69, then Facebook (NASDAQ:FB) at 42. For the entire list of 50, the average is 26 funds making a stock a top 10 holding.
    • The rest in order: Valeant (NYSE:VRX), Microsoft (NASDAQ:MSFT), DirecTV (NASDAQ:DTV), Citigroup (NYSE:C), Time Warner (NYSE:TWC), Delta (NYSE:DAL), Cheneire (NYSEMKT:LNG), Yahoo (NASDAQ:YHOO), Liberty Global (NASDAQ:LBTYK), AIG, SunEdison (NYSE:SUNE), Air Products (NYSE:APD), Amazon (NASDAQ:AMZN), GM, BofA (NYSE:BAC), JPMorgan (NYSE:JPM), Macquarie Infrastructure (NYSE:MIC), American Airlines (NASDAQ:AAL), Charter Communications (NASDAQ:CHTR), Google (GOOG, GOOGL), Ally Financial (NYSE:ALLY), NorthStar Realty (NYSE:NRF), Priceline (NASDAQ:PCLN), eBay (NASDAQ:EBAY), MasterCard (NYSE:MA), Alibaba (NYSE:BABA), Micron (NASDAQ:MU), Williams (NYSE:WMB), Gilead (NASDAQ:GILD), Berkshire Hathaway (BRK.A, BRK.B), Dolar General (NYSE:DG), NorthStar Asset (NYSE:NSAM), Brookdale Senior (NYSE:BKD), DISH Network (NASDAQ:DISH).
    • See also: Goldman updates list of hedge funds most-shorted stocks (May 21)
    | Thu, May 21, 9:17 AM | 19 Comments
  • Tue, May 19, 9:27 AM
    • Shares of Netflix (NASDAQ:NFLX) are trading at all-time highs in premarket trading with the price target bar from Wall Street getting boosted to a new level.
    • Boutique investment firm Pivotal Research set its PT on the streamer at $850 after factoring in favorable China and South Korea penetration rates.
    • A faster pace of international growth led Pivotal to move higher the EBITDA multiple it uses to extrapolate a price target.
    • Other firms have also been adjusting projections on Netflix based on the new markets it's knocking off its list.
    • Previously: Netflix +2% after report of China deal (May. 15 2015)
    • NFLX +0.64% premarket to $621.80.
    | Tue, May 19, 9:27 AM | 16 Comments
  • Fri, May 15, 7:25 AM
    • Shares of Netflix (NASDAQ:NFLX) trade higher in premarket action after reports emerge indicating the company is in talks with Chinese online broadcasters Wasu and BesTV.
    • Netflix tipped off early in the year that operating a small service in China was a goal.
    • Analysts have noted in the past that an entry into China could be tricky for Netflix due to the high level of piracy and ad-supported content in the nation.
    • NFLX +2.24% to $600.00
    | Fri, May 15, 7:25 AM | 20 Comments
  • Fri, May 15, 4:06 AM
    • Netflix (NASDAQ:NFLX) is in discussions with China's Wasu Media, which is backed by Jack Ma, about entering an online video market that is expected to almost triple to 90B yuan ($14.5B) within three years, Bloomberg reports.
    • Netflix needs a local partner due to the government's strict rules over licensing for online content and the company wants a firm whose approvals cover all devices.
    • Wasu is one of seven firms to hold an Internet TV license.
    • All Netflix would say in response to the report is that it intends "to be nearly global by the end of 2016."
    | Fri, May 15, 4:06 AM | 10 Comments
  • Wed, May 13, 6:50 PM
    • Dish Network (NASDAQ:DISH) and Cogent Communications (NASDAQ:CCOI), along with other advocacy groups, have spelled out the conditions they'd like to see for a successful AT&T (NYSE:T) purchase of DirecTV (NASDAQ:DTV).
    • Opponents to the deal met with FCC staffers last week; AT&T is expected to meet with deal reviewers in the coming days, and hopes to close the deal by the end of June.
    • Dish, Cogent and other critics asked that AT&T promise to sell Internet as a standalone service outside of its bundles at a reasonable price, and they asked the FCC to make AT&T comply with stricter net neutrality provisions for seven years, regardless of how AT&T's suit against the rules comes out.
    • Also requested: that AT&T include all video in any data caps, and restrictions on how AT&T handles interconnect traffic -- which particularly affects Netflix (NASDAQ:NFLX) and Dish's new Sling TV streaming service, key competition for DirecTV service.
    • Previously: Cogent joins Netflix in demanding conditions for AT&T/DirecTV combo (May. 05 2015)
    • Previously: Netflix to FCC: Reject AT&T/DirecTV merger (May. 05 2015)
    | Wed, May 13, 6:50 PM | 9 Comments
  • Tue, May 5, 11:04 AM
    • Netflix (NASDAQ:NFLX) is pressing the FCC to reject the $48B merger of AT&T (NYSE:T) and DirecTV (NASDAQ:DTV), according to regulatory filings revealed today, on complaints about market power -- as the merger could "lead to its becoming the largest (Internet service provider) in the country as well" as becoming the biggest MVPD.
    • The remarks came as Netflix officials met with more than 20 FCC staff last week.
    • "Such market power creates new incentives and abilities to harm entities that AT&T perceives as competitive threats," Netflix reps said, "and will exacerbate the anticompetitive behavior in which AT&T has already engaged."
    • Netflix shares are up 3.8% today in the wake of BofA/Merrill Lynch's heavy upgrade; AT&T is down 1.2% and DirecTV is down 0.5%.
    | Tue, May 5, 11:04 AM | 31 Comments
  • Tue, May 5, 7:36 AM
    • Shares of Netflix (NASDAQ:NFLX) are higher in early action after Bank of America Merrill Lynch moves its rating to Buy straight from Underperform.
    • The investment firm says a "AAA" content portfolio will extend the U.S. saturation point and support a rosy forecast for international subscriber growth.
    • BAML sees 50M international subs by 2017 and 120M subs in the long-term.
    • A price target of $722 (27% upside) is set on the streaming juggernaut.
    • NFLX +2.43% to $568.40.
    | Tue, May 5, 7:36 AM | 15 Comments
  • Fri, May 1, 5:02 AM
    • Just two weeks after launching its landmark competition case against Google,  the European Commission is poised to widen its front against U.S. tech companies by initiating a separate investigation into a broader range of online platforms.
    • The latest draft of the plan, seen by the FT, will encompass everything from online shopping to telecoms regulation and is set be approved by the commission next week.
    • The "digital single market" probe could also bring in stricter rules to video services companies such as Netflix (NASDAQ:NFLX) and messaging apps like WhatsApp (NASDAQ:FB) and Skype (NASDAQ:MSFT) which have become big rivals to traditional European media and telecoms companies.
    | Fri, May 1, 5:02 AM | 22 Comments
  • Fri, Apr. 24, 11:47 AM
    • The early read on Netflix's (NFLX +0.2%) launch in Australia looks favorable, according to The Hollywood Reporter.
    • Broadband execs in the nation cite an "absolutely amazing" impact on traffic levels from the Netflix launch last month.
    • Local competitors have benefited from the increase in awareness in streaming and are playing nice with Netflix on the promotional front.
    • The penetration rate for streaming services in Australia is expected to explode this year.
    • A long-term projection from Credit Suisse on Australia calls for the streaming industry to generate $544M a year with Netflix holding a 40% market share.
    | Fri, Apr. 24, 11:47 AM | 4 Comments
  • Fri, Apr. 24, 8:34 AM
    • After a late Thursday board meeting, Comcast (NASDAQ:CMCSA) has confirmed it's dropping its $45B plan to acquire Time Warner Cable (NYSE:TWC) -- a stunning reversal of a 15-month plan, which got less stunning as hurdles began to mount in recent weeks.
    • "Today, we move on," says Comcast CEO Brian Roberts. "Of course, we would have liked to bring our great products to new cities, but we structured this deal so that if the government didn't agree, we could walk away." It's a cheap walk-away for Comcast, which had no breakup fee in the deal.
    • What next? Consolidation is still likely in a deeply uncompetitive industry. Other companies are now officially front and center in pursuit of TWC, notably John Malone's Charter Communications (NASDAQ:CHTR), which could re-launch its own failed effort. CHTR-TWC would have 16.5M broadband subscribers together, less than Comcast's 22M.
    • Charter's deal with Comcast aimed at divestment and easing the Comcast-TWC transaction also blows up. What about Charter's deal to acquire Bright House?
    • As for Comcast, it could take its stored-up momentum outside of cable -- to someone like Netflix (NASDAQ:NFLX), as BTIG's Rich Greenfield hints? Or to a telecom like T-Mobile (NYSE:TMUS)?
    • Updated: Time Warner Cable statement. "We have always believed that Time Warner Cable is a one-of-a-kind asset," says Chairman and CEO Robert D. Marcus. "We are strong and getting stronger."
    | Fri, Apr. 24, 8:34 AM | 23 Comments
  • Tue, Apr. 21, 7:49 AM
    • Morgan Stanley says it will press its bet on Netflix (NASDAQ:NFLX) with a reiterated Overweight rating even after the post-earnings run-up (+66% YTD now) in share price.
    • The investment firm says the deepening of Netflix's global moat gives it long-term pricing upside with the 2-hour per day viewing average of users providing the backing.
    • The forecast on Netflix from MS calls for a penetration rate of 55% of broadband households and 50%-55% of household TVs by 2025.
    • Analysts also draws out that Netflix spends less on content per hour viewed than broadcast networks and is poised to shrink that ratio further.
    • Morgan has a bull-case price target of $775 on NFLX (13X EV/2025 EPS) which factors in buybacks beginning in 2017. The base PT is $620 using a projection of 100M global subs by 2020, while a bear case PT of $345 factors in pricing pressure in the U.S. and stumbles in some international markets.
    • NFLX +0.11% premarket to $568.04.
    | Tue, Apr. 21, 7:49 AM | 13 Comments
  • Fri, Apr. 17, 11:12 AM
    • There was plenty of dizzying projections and price target increases this week on Netflix (NFLX +0.8%) after the company released a blockbuster earnings report, but one data point may stand out.
    • Analysis from BTIG Research indicates the average Netflix subscriber watches the service for two hours a day.
    • The estimate on Netflix viewing is up over 15% from the last BTIG dive into consumer viewing habits.
    • The tally is also high enough to rank Netflix as one of the most-watched domestic U.S. broadcast networks by viewing hours without the benefits of any sports or news content.
    • Though binge-viewing of House of Cards season 3 and account sharing may have inflated the 2-hour sub average, analysts think the Netflix hold on current subscribers is rock solid.
    • Previously: Netflix jumps 12.7% on strong subscription growth (Apr. 15 2015)
    • Previously: Netflix math from FBR Capital leads to $900 price target (Apr. 16 2015)
    | Fri, Apr. 17, 11:12 AM | 14 Comments
  • Fri, Apr. 17, 7:00 AM
    • Netflix (NASDAQ:NFLX) is getting a warmer welcome from broadband companies in global markets than the battles it faces in the U.S., observes the WSJ.
    • Major providers such as Deutsche Telecom and Com Hem Group have integrated the streaming service into their set-top boxes.
    • A competitive environment with more providers is a factor in the reception to Netflix.
    • Netflix guided for 1.9M international adds in Q2 when it released Q1 earnings earlier this week.
    | Fri, Apr. 17, 7:00 AM | 4 Comments
  • Thu, Apr. 16, 12:45 PM
    | Thu, Apr. 16, 12:45 PM | 4 Comments
Company Description
Netflix Inc operates as an Internet television network providing TV shows & movies which include original series, documentaries & feature films. The Company has three segments namely Domestic streaming, International streaming & Domestic DVD.
Sector: Services
Country: United States