Netflix to continue spending spree on content after record subscriber growth

Netflix adds 5 million more customers as share price hits all-time high
      Posted By Terry Joseph

With prices rising, the Los Gatos, California-based company expects to sign 5.05 million new customers outside the the current fourth quarter, above the 4.66 million average of analysts' projections. They issued a "hold" rating and a $200.00 target price on the stock.

Netflix is expanding its slate of original shows as the company battles intensifying competition from players such as's Prime Video service and Hulu.

Netflix's long-term debt and other obligations totaled $21.9 billion as of September 30, up from $16.8 billion at the same time a year ago. The company has a consensus rating of Buy and an average target price of $191.42. October 4 investment analysts at UBS kept the stock rating at "Buy" but moved up the price target from $119.00 to $225.00.

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Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 17th. FMR LLC boosted its stake in shares of Netflix by 12.4% during the 2nd quarter.

The company's ever-growing budget for movies and TV shows worries competitors who are under pressure to up their own programming outlays while still growing profit.

On October 13 Citigroup maintained a stock rating of "Neutral" and raised the price target from $115.00 to $205.00. Domestically, the company looks to come up light, predicting 1.25 million new subscribers, compared with analysts' projections of 1.63 million.

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With such a valuable stock, Netflix theoretically could sell more shares to raise money - similar to how homeowners sometimes use the equity accrued in their houses to pay big bills. Netflix has a 52 week low of $98.38 and a 52 week high of $200.82. Harfst & Associates Inc. bought a new position in Netflix in the first quarter valued at about $109,000. During the same period in the previous year, the business earned $0.12 EPS. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty-one have issued a buy rating to the stock. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of worldwide trademark and copyright laws. The correct version of this report can be read at

On 10/6/2017 Jonathan Friedland, Insider, sold 3,622 with an average share price of $194.89 per share and the total transaction amounting to $705,891.58.

Netflix has long argued its borrowing makes sense to gain a huge advantage over rivals as people increasingly watch programming on internet-connected devices.

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