Seeking Alpha

Netflix, Inc. (NFLX)

  • Nov. 25, 2013, 3:55 PM
    • Apple (AAPL), Google (GOOG), and AIG are the most popular (long) holdings of hedge funds, according to Goldman's latest hedge fund monitor, which analyzed the positions of 783 hedge funds with $1.7T of gross assets. Hedge fund holdings of AIG, however, account for 14 of the company's float compared to negligible amounts for Apple and Google.
    • The 20 most concentrated hedge fund holdings as defined by the percent of equity cap owned by the funds has consistently been a significant outperformer, according to Goldman. In order: AN, STZ, JCP, FDO, THC, HRB, BEAM, MU, NWSA, VRSN, CBG, NFLX, GT, TSO, ETFC, MSI, WPX, WYN, HES, CCI. The top 20 last quarter is here.
    • Overall, the studied hedge funds' performance leaves a bit to be desired, with average return of 6% YTD. Fewer than 5% outperformed the S&P 500, and 20% of funds posted an absolute loss.
  • Nov. 20, 2013, 10:50 AM
    | 1 Comment
  • Nov. 13, 2013, 1:02 PM
    • Netflix (NFLX) is being pitched a deal by major movies studios to buy exclusive rights to a miniseries that would be released in movie theaters initially in one- to two-hour episodes.
    • The company is reported to be torn on the issue if landing early rights to the filmed episodes outweighs straying from its binge viewing model.
    • If nothing else, the discussions highlight the advantage of being on the content side (DIS, SNE, VIAB, CMCSA, LGF, TWX, AMCX, DISCA, SNI) of the media business as new distribution channels emerge.
  • Nov. 13, 2013, 8:34 AM
    • Wedbush Securities analyst Michael Pachter sees a winner and a loser in the deal between Netflix and Marvel to develop four new superhero series.
    • Pachter says the agreement calls for Netflix (NFLX) to absorb production costs which shifts risk away from Disney (DIS) to the streaming giant.
    • Northlake Capital's Steve Birenberg thinks Netflix can still generate significant profits out of the Marvel arrangement, but it would require one of the lesser-known superheroes creating quite a buzz.
  • Nov. 13, 2013, 7:23 AM
    • Netflix (NFLX) launches a new menu on its streaming service that will include more details about automated recommendations the firm's algorithm has churned up for each user.
    • Chief Product Officer calls the innovation the biggest change to the Netflix experience on TV in the company's history.
    • Total usage on Netflix per subscriber increased to 42 viewing hours per month last quarter.
    | 1 Comment
  • Nov. 12, 2013, 12:52 PM
    • Netflix (NFLX -1%) could easily fall by 50% if its volatile past track period is any indication, speculates Barron's.
    • Escalating programming costs could create a "snowball drag" on earnings that could be difficult to catch up to with cable operators likely to keep content bidding moving even higher.
    • A last sobering thought for Netflix longs from Barron's is the publication's conclusion that even if NFLX share price halved, the company's forward P-E looks rich at 23.
  • Nov. 7, 2013, 10:10 AM
    • Netflix (NFLX -1.5%) will feature Marvel's Daredevil, Jessica Jones, Iron Fist, and Luke Cage in four separate 13-episode series on its streaming service.
    • Execs with Marvel (DIS) say the deal will be the studio's most ambitious effort into live-action TV series.
    • A previous deal between Netflix and Disney sets up such that Netflix is the exclusive subscription TV source for first-run content from Walt Disney studios in the "premium" window.
  • Nov. 7, 2013, 9:49 AM
    • Marvel (DIS) will create 4 new superhero TV series exclusively for Netflix (NFLX -0.8%), reports The Verge.
    • The deal marks an even closer relationship between Netflix and Disney after they linked up on a content deal previously.
  • Nov. 6, 2013, 11:18 AM
    • DirecTV (DTV -1.3%) CEO Mike White thinks the rollout of 4K Ultra HD will have a material impact on the company's performance within three years.
    • The company is ensuring it will have the capacity to handle 4K demand as it launches new satellites.
    • Potential early adopters also include Netflix (NFLX -1.6%) and Comcast (CMCSA -0.1%) which have both said they would develop programming in 4K. The catch could be if consumers will be driven to new buy 4K Ultra HD TVs in droves. Remember how much-hyped 3D played out.
  • Nov. 4, 2013, 10:09 AM
    • Netflix (NFLX -0.9%) is in advanced negotiations to acquire the rights to highly-acclaimed film The Square which would mark the company's first foray into original documentaries.
    • Public screening of the film over the weekend in Tinseltown showed the Netflix logo, according to the Los Angeles Times.
  • Nov. 1, 2013, 7:10 AM
    • Baird upgrades Netflix (NFLX) to an Outperform rating and takes its price target on the streaming juggernaut up to $420.
    • The investment firm says it has become more comfortable with the risk/reward profile on Netflix and sees growth opportunities.
    • NFLX +1.1% premarket to $326.00.
    | 1 Comment
  • Oct. 31, 2013, 2:48 PM
    • Netflix (NFLX +1.8%) reportedly has signed a deal with Danish Pay-TV concern Waooo! to add its app to set-top boxes.
    • Waoo! has 270K customers in Denmark.
    • The company has signed a few other similar integration deals in Europe including one with Virgin Media.
  • Oct. 30, 2013, 10:08 AM
    • Comcast (CMCSA -1.6%) CEO Brian Roberts says the company isn't in any rush to add Netflix (NFLX -2%) as an app inside its set-top box. The exec reasons consumers can easily find the streaming service. The outlook is a slight deviance from what some media analysts forecast for the relationship between the streaming juggernaut and cable heavyweights.
    • Advertising revenue increased 2.6% ex-Olympics at broadcast TV properties and the company sees some room for margin improvement in the segment with costs lower.
    • On the expense side, higher programming costs dragged up total expenses 4.5%. Without those costs, all other expenses were only up 2%.
    • The rollout of X1 video-on-demand has gone very well and marketing X2 will be a focus in 2014, notes management.
    • Earnings call webcast
  • Oct. 29, 2013, 1:17 PM
    • Netflix (NFLX +2.3%) should create its own set-top box instead of making deals with cable/satellite providers for the hardware link, suggests PC Magazine writer Seamus Condron.
    • The move would open the door for a premium Netflix service that could price above what the basic service charges through the traditional outlets the company currently utilizes.
  • Oct. 28, 2013, 7:27 PM
    • Netflix (NFLX) content chief Ted Sarandos: "What we’re trying to do for TV, the model should extend pretty nicely to movies. Meaning, why not premiere movies on Netflix, the same day they’re opening in theaters? And not little movies ... Why not big movies? Why not follow the consumers’ desire to watch things when they want?."
    • Sarandos' comments come shortly after CFO David Well suggested on Netflix's Q3 CC (transcript) his company would keep an open mind on financing big-budget films.
    • If Netflix pushed ahead on this front, it would probably get some blowback from theater owners accustomed to nearly a 1-year window between theater and pay-TV launches for marquee films.
    • Earlier: Netflix reaches deal with CBS for Dexter
  • Oct. 28, 2013, 12:49 PM
    • Netflix (NFLX -2.7%) has struck a deal with CBS (CBS -1%) to regain access to Dexter: the streaming giant will offer all eight seasons of the popular Showtime series, with the first four seasons arriving on Halloween. Seasons 5-8 will arrive on Jan. 1, 2014. (PR)
    • Netflix lost access to Dexter and other Showtime programs in 2011, after CBS decided Netflix's licensing payments weren't enough to offset the risk of alienating the pay-TV providers Showtime depends on. The fact Dexter recently concluded its last season likely factored into CBS' change of heart.
    • Netflix has rebounded a bit after selling off in sympathy with other high-flying Internet stocks.
Visit Seeking Alpha's
NFLX vs. ETF Alternatives
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