Netflix In Talks With Disney to Keep Star Wars & Marvel Movies

Netflix In Talks With Disney to Keep Star Wars & Marvel Movies”

Cantor Fitzgerald's target price points to a potential upside of 21.20% from the stock's current price.

Several large investors have recently added to or reduced their stakes in the stock. Loop Capital boosted their price target on Netflix from $162.00 to $172.00 and gave the company an "outperform" rating in a research note on Wednesday, April 19th.

The survey found more than half of American households pay for at least one video streaming platform, with Netflix takin 43 percent of the total, followed by Amazon Prime at 18 percent and Hulu at 14 percent. (The) restated a "buy" rating and issued a $170.00 price target on shares of Netflix in a report on Friday, April 14th.

Disney's Marvel TV shows like Luke Cage and Jessica Jones are expected to remain on Netflix.

We therefore can't be all too surprised by news that the house of mouse will be pulling all their films from Netflix, starting in 2019, in order to go solo with their very own streaming service. Netflix presently has an average rating of "Buy" and a consensus target price of $175.13. Netflix has a 12-month low of $93.26 and a 12-month high of $191.50. Its cable operating income fell 23% YoY. The business's quarterly revenue was up 32.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share.

Netflix caused quite a ruckus when they raised prices in Australian markets earlier this year - well, as much of a ruckus as can be raised on internet message boards, that is.

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In related news, ESPN rival CBS announced on Monday that it also plans to launch a 24/7 sports streaming channel later this year. Following the completion of the transaction, the director now owns 8,012 shares in the company, valued at approximately $1,413,396.92. The shares were sold at an average price of $187.75, for a total value of $375,500.00. It is not clear exactly what he means by complementary, as perhaps Disney films will be a part of an upgradable membership to Netflix, or it might be completely separate. AQR Capital Management LLC now owns 49,430 shares of the Internet television network's stock worth $6,119,000 after buying an additional 31,580 shares during the period. Vanguard Group Inc. raised its stake in shares of Netflix by 3.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network's stock worth $168,000 after buying an additional 9 shares during the period.

Shares of Netflix (NFLX) traded up 1.34% during mid-day trading on Tuesday, reaching $171.40. It also reduced Nucor Corp (NYSE:NUE) stake by 12,455 shares and now owns 55,127 shares. Netflix, Inc. The stock has a market cap of $73.03 billion, a PE ratio of 205.77 and a beta of 1.02. Company insiders own 4.90% of the company's stock. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since August 10, 2016 and is uptrending.

Disney's plan for two new streaming services (and possibly more) is just the latest sign that everyone is jumping into the streaming business.

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