Netflix to Disney: wait, let's talk about Marvel and Star Wars

Netflix to Disney: wait, let's talk about Marvel and Star Wars

Lincoln Capital Corp acquired a new stake in Netflix during the fourth quarter worth about $248,000. (NASDAQ:NFLX) during the second quarter, according to its most recent Form 13F filing with the SEC.

A number of large investors have recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. increased its position in Netflix by 3,361.9% in the first quarter. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network's stock worth $282,000 after buying an additional 15 shares during the period.

Losing Disney movies could spell huge revenue losses for subscription video-on-demand (SVOD) leader Netflix. Instinet reissued a "buy" rating on shares of Netflix in a research report on Friday, June 2nd. In the United States, its members can receive DVDs delivered to their homes. 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. Morgan Stanley now owns 3,061,631 shares of the Internet television network's stock worth $452,541,000 after buying an additional 571,126 shares during the period. The institutional investor bought 2,134 shares of the Internet television network's stock, valued at approximately $319,000. Netflix has a 1-year low of $93.26 and a 1-year high of $191.50.

Shares of Netflix (NASDAQ:NFLX) opened at 170.596 on Wednesday.

Darcy Hansen, a communications consultant and stay-at-home mom in the Dallas suburbs, has two kids under age 5 whose favorite show - "Sheriff Callie's Wild West" - is a Disney series on Hulu. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. As of quarter end Tiaa Cref Investment Management LLC had sold 92,744 shares trimming its stake by 3.5%. In the past one year, Netflix shares outperformed the Zacks categorized Broadcast Radio/TV industry. During the same quarter last year, the firm earned $0.09 earnings per share. Equities research analysts forecast that Netflix, Inc. will post $1.17 earnings per share for the current year.

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Now, for Disney to even entertain this idea seems like it's a little weird, right? "I don't think Disney has a monopoly on children's programming, in our house at least". Reuters, citing Netflix's chief content officer Ted Sarandos, reports that the streaming giant is in "active discussions" with Disney about keeping future Marvel releases like Iron Man, Thor, and Captain America on the platform. BMO Capital Markets reiterated a "market perform" rating and set a $180.00 price target (up previously from $150.00) on shares of Netflix in a research note on Tuesday, July 18th. Finally, Goldman Sachs Group, Inc. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-nine have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $175.13. The shares were sold at an average price of $152.63, for a total transaction of $17,640,517.51. The stock was sold at an average price of $157.81, for a total value of $315,620.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Reed Hastings sold 101,815 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock has a 50 day moving average price of $163.28 and a 200 day moving average price of $151.74. The disclosure for this sale can be found here. Following the completion of the transaction, the director now directly owns 8,012 shares of the company's stock, valued at $1,254,839.44. Insiders sold 389,801 shares of company stock worth $64,889,201 over the last ninety days.

Netflix, a provider an Internet television network.

Despite Sarandos clearly expecting the change, as he stated that Disney building its own stream service is simply a "natural evolution" for the company. That brings the CEO's holdings to $0 as reported to the SEC.