This Netflix price increase coincides with an increase in NFLX’s content costs. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
When tens of millions of Netflix customers get hit with a $2-per-month increase next spring, it could lead to a modest uptick in the churn rate (that is, the percentage of customers canceling each month). The last traded price was up 0.06 points at $108.39. For the week, the shares have seen a percentage change of 2.15%.A block trade of $(9.9) million in net money flow was also recorded during the day. The block tradeoff had the up/down ratio of 9.88. Netflix Inc. shares have declined -65.86% over the last 200 days, while the S&P 500 Index has dropped -3.13% in the same time.
Just how far can Netflix go?Nevertheless, there’s a big difference between achieving large enough gains in ARPU to offset a slowdown in subscriber growth on the one hand, and boosting ARPU with no meaningful impact on subscriber growth on the other. Year-to-Date the stock performance stands at 135.51%.
Analysts at Pacific Crest Securities initiated coverage of several major media companies this week, taking the angle of Internet TV and how it’s impacting traditional pay-TV. Finally, Barclays reissued an equal weight rating and issued a $115.00 price objective on shares of Netflix in a research note on Thursday, July 16th. Equity Analysts at the Bank of America maintains the rating on Netflix, Inc. The stock has an average rating of Buy and an average price target of $114.10. The rating by the firm was issued on September 1, 2015.
I recently read an article that admonished investors from by Netflix (NASDAQ:NFLX) due to its “nose-bleed valuation” and a few other metrics. The number of analysts agreeing with this consensus is 21. In addition to Netflix, they also like Google Inc (NASDAQ:GOOG) and Apple Inc. The 12-month mean target is $119.3, which means upside potential of 4.82% over the current price. The daily volume was measured at 42,831,944 shares. The company has a market cap of $48,279 million and there are 426,005,000 shares in outstanding. Netflix Inc. has a 52 week low of $45.08 and a 52 week high of $129.29. Its members can watch more than two billion hours of television (TV) shows and movies per month, including original series, documentaries and feature films on Internet-connected screen. Its members can play, pause and resume watching, all without commercials or commitments. Furthermore, to their homes, DVDs can be received by its members in the U.S. The Company has three operating segments: Domestic streaming, global streaming and Domestic DVD. Overseas streaming sections and the Domestic derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD section derives revenues from monthly membership fees for services consisting of DVD-by-email.
Secondly, a Singaporean streaming service, HOOQ, has launched its flagship subscription video on demand (SVOD) service in India, Indonesia, Philippines, and Thailand.