ThinkEquity Begins Coverage on Netflix (NASDAQ: NFLX)

ThinkEquity equities research analysts began coverage on shares of Netflix, Inc. (NASDAQ: NFLX) with a “hold” rating in a research note to investors on Thursday, discussing the recent agreement with Apple to bring Netflix to the Apple TV.

Netflix, Inc. is a subscription service streaming movies and television episodes over the Internet and sending digital versatile discs (DVDs) by mail to more than 12 million subscribers. The Company’s subscribers can watch unlimited movies and television episodes streamed to their televisions and computers, and can receive DVDs delivered to their homes. The Company offers a variety of subscription plans, with no due dates, no late fees, no shipping fees and no pay-per-view fees. Subscribers can select from a library of titles that can be watched and a range of titles on DVD. On average, approximately two million discs are shipped daily from the Company’s distribution centers across the United States.

Shares of NFLX traded up 2.17% hitting $137.84 during mid-day trading on Thursday.

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