The stock of the largest video streaming company is up yet again and is performing well in the market.
Netflix, Inc. is currently being traded at a share price of $108.38 which is at an increase of 3.1%. In the last seven days, the stock of the video streaming media has increased by 8.34%, outperforming the S&P 500 by 8.12% and approximately by 2.14% in the past month, underperforming the index by 4.15%.
On Friday, Netflix Stock was being traded in the market at a share price of $108.38. With the trade being initiated with a share price of $105.12 per share and the highest level to which the price of the share reached was $110.1 and a lowest level to which the price of the share reached was $104.9. The trade was called off at a final share price of $108.38 with the number shares soaring at 15,571,468 shares.
At present, the market capital of the video streaming company is 46.90 billion and the earnings per share reported by the multinational video streaming giant was 0.38 along with a price per earnings of 304.12. In the past 52 week the highest share price that has been registered is $129.29 and the lowest the share price that was registered was $45.077.
As per analysts’ predictions and commented on the shares of the company, it seems to be doing well in the market. The stock experts at the brokerage and financial services firm JP Morgan Chase & Co. have raised the target price of the share to $137 from a previous target price of $127. Furthermore, they have given a rating of “Overweight” to the shares of the video streaming giant. This report by the financial services company was issued on October 15, 2015.
Additionally, on Tuesday the market closed at $109.74 which was again an increase of 1.95% in the share price. Because of the huge plans that the company has for its business, especially the one where it is supposed to launch in 200 countries by the end of 2017, it is making great efforts to do so. Currently, to achieve that target, it has launched in yet another place, this time the place being the Middle Eastern market.
On a separate note, Jonathan Friedland, the chief communications officer, has sold over 3,444 shares of the company for share price of $105.09 in a transaction that took place on October 27, 2015. This whole transaction by the CCO was worth $337,654. This information was disclosed to the SEC on a form 4 filing by the company.
In a statement by the CEO of the company, Reed Hastings stated that the company has 400 scripted TV shows that will be aired on 2016 but he further added that this amount of TV series in not enough to be telecast. Even though, according to him, the company is making great and productive efforts of producing exclusive products which are not being telecasted by any other production company.