Outside of the USA, membership grew by 5.46 million (forecast of 4.90 million). SG Americas Securities LLC now owns 25,426 shares of the Internet television network's stock valued at $4,881,000 after buying an additional 675,267 shares during the last quarter. Inc. boosted its holdings in Netflix by 47.1% during the fourth quarter. The issue emerged this March following reports that Cambridge Analytica had harvested the data of up to 87 million Facebook (FB) users.
Shares of Netflix, Inc.
The company posted a first-quarter revenue of $3.7bn, up from $2.6bn year-over-year. The fund owned 46,013 shares of the Internet television network's stock after purchasing an additional 1,801 shares during the quarter.
Netflix shares surged 6.5% to $328 after hours.
Treatment combo almost doubles survival time in lung cancer patients, study finds
The report shows that 3.8 million people were diagnosed with cancer each year and more than 2.2 million patients died. Two promising new studies suggest combining Immune Therapy drugs with chemotherapy may improve survival.
Separately, J.P. Morgan analyst Doug Anmuth raised the 12-month price target on Netflix to US$328. Aegis reissued a "hold" rating and issued a $230.00 target price on shares of Netflix in a report on Monday.
To help cover its mounting costs, Netflix hiked prices by 10% in the final quarter of 2017, to $10.99 a month for the standard service.
BMO Capital Markets has a Hold rating and a $310 price target. The stock had a trading volume of 19,738,417 shares, compared to its average volume of 11,459,644.
Overall, Netflix reported a profit of $290 million, or 64 cents a share, compared with $178 million, or 40 cents a share, a year earlier.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, January 22nd. Revenue of $3.70 billion came in just ahead of our $3.59 billion estimate with the majority of the beat coming from domestic streaming ($1.82 billion actual versus $1.75 billion estimate). Netflix had a net margin of 4.78% and a return on equity of 17.20%. For worldwide streaming, revenue of $1.78 billion was slightly above our $1.74 billion estimate as monthly revenue per paid member came in at $9.77, up 21% year over year.
Plastic eating 'mutant' enzyme could revolutionise recycling
Researchers created the plastic-digesting protein accidentally while investigating its natural counterpart. One man's trash is this enzyme's lunch.
That remains to be seen, but one thing's for sure: Netflix truly is now the epitome of a modern media giant. The stock was sold at an average price of $283.39, for a total transaction of $198,373.00. The company will keep its budget for own content at United States dollars 7.5-8 billion.
In other news, Director Richard N. Barton sold 700 shares of the firm's stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $263.00, for a total transaction of $92,050.00. The disclosure for this sale can be found here. Those hopes are a big reason why Spotify has a market value of $26 billion two weeks after its debut as a publicly traded company.
ILLEGAL ACTIVITY WARNING: This story was published by The Lincolnian Online and is the property of of The Lincolnian Online.
The global segment now accounts for 50% of revenue and 55% of memberships. After all, original TV shows don't come cheap, and Netflix is getting into the original movie game more and more as well.
Allegiant Airlines Under Fire After '60 Minutes' Investigation
It was this model that was the focus of a CBS 60 Minutes investigation which said the mechanical track record is very concerning. Bill Nelson , D-Fla., called for an investigation into the FAA's handling of safety-related incidents involving Allegiant Air.