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HPP

Hudson Pacific

$31.91

-0.34 (-1.05%)

, NFLX

Netflix

$363.39

-13.62 (-3.61%)

16:07
10/04/18
10/04
16:07
10/04/18
16:07

Hudson Pacific leases its EPIC Officer tower in Hollywood to Netflix

Hudson Pacific Properties (HPP) announced that Netflix (NFLX) has signed a lease to fully occupy all 327,913 square feet of EPIC, its 13-story office development located in Hollywood, California. Netflix will occupy the building in phases beginning in January 2020, and the lease concludes in 2031. Netflix also signed a coterminous lease extension for 325,757 square feet of office space at ICON and 91,953 square feet of office space at CUE, both of which are Hudson Pacific assets located on the landmark Sunset Bronson Studios lot, across the street from EPIC. Sunset Bronson is also owned and operated by Hudson Pacific and is home to long-term tenants CBS and KTLA. EPIC, which is currently under construction with delivery anticipated in the first quarter of 2020, is a new model of Class A, creative high-rise office space. Designed by Gensler, the vertically stacked and terraced building is a one-of-a-kind design with spectacular panoramic views of the Hollywood Hills, the Pacific Ocean and downtown Los Angeles. The floor-to-ceiling windows and operable glass doors provide direct access to exterior terraces, fire pits, collaboration areas and a rooftop deck with catering pantry. EPIC offers over 25,000 square feet of usable outdoor space, creating seamless indoor-outdoor flow unlike any other high-rise in Los Angeles.

HPP

Hudson Pacific

$31.91

-0.34 (-1.05%)

NFLX

Netflix

$363.39

-13.62 (-3.61%)

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HPP Hudson Pacific
$31.91

-0.34 (-1.05%)

08/21/18
08/21/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Equal Weight from Overweight at Consumer Edge with the firm saying SEC issues and news headlines will leave shares "boxed-in" near-term. 2. HP Enterprise (HPE) downgraded to Market Perform from Outperform at Bernstein with analyst A.M. Sacconaghi, Jr. saying despite a robust IT spending environment, he does not see upside to near-term expectations, given tough comparisons, continuing share losses in servers, a headwind from currency, an expected higher tax rate, and lower other income. 3. Fabrinet (FN) downgraded to Buy from Strong Buy at Needham with analyst Alex Henderson citing valuation. 4. Hudson Pacific (HPP) downgraded to Neutral from Outperform at Baird with analyst David Rodgers saying he sees downside risk in consensus estimates during both 2019 and 2020 and as a result, he believes it will be difficult to outperform. 5. Brixmor (BRX) downgraded to Neutral from Buy at Mizuho with analyst Haendel St. Juste citing share strength since mid-February and the near-term dilutive impact of the company's strategy shift to ramp up 2018 dispositions to capitalize on better than expected asset pricing. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/21/18
BARD
08/21/18
DOWNGRADE
Target $37
BARD
Neutral
Hudson Pacific downgraded to Neutral at Baird
As reported previously, Baird analyst David Rodgers downgraded Hudson Pacific to Neutral from Outperform. The analyst said he sees downside risk in consensus estimates during both 2019 and 2020 and as a result, he believes it will be difficult to outperform. Rodgers maintained his $37 price target on Hudson Pacific shares.
08/21/18
BARD
08/21/18
DOWNGRADE
BARD
Neutral
Hudson Pacific downgraded to Neutral from Outperform at Baird
05/31/18
DADA
05/31/18
NO CHANGE
Target $45
DADA
Buy
Hudson Pacific price target raised to $45 from $40 at DA Davidson
DA Davidson analyst Barry Oxford raised his price target for Hudson Pacific Properties to $45 saying the company is experiencing "significant growth" while trading at a discount to net asset value. Strong leasing activity and rental increases were highlighted at the analyst day, Oxford tells investors in a research note. He keeps a Buy rating on Hudson Pacific.
NFLX Netflix
$363.39

-13.62 (-3.61%)

10/02/18
LOOP
10/02/18
NO CHANGE
Target $365
LOOP
Hold
Netflix to beat its subscriber forecasts in Q3, says Loop Capital
Loop Capital analyst Alan Gould kept his Hold rating and $365 price target on Netflix (NFLX) ahead of its Q3 results. The analyst expects the company to beat on subscriber adds domestically and internationally while also offering a "conservative" outlook for Q4 along with another debt offering likely to be offset by another $1 per month increase in rates. Gould adds that while the Street has consistently underestimated international subscriber additions at Netflix, he also warns that further detail from Disney (DIS) about its upcoming streaming services could weigh on Netflix shares.
10/01/18
NEED
10/01/18
NO CHANGE
Target $85
NEED
Buy
Roku price target raised to $85 from $60 at Needham
Needham analyst Laura Martin raised her price target on Roku (ROKU) to $85 and kept her Buy rating, even as its 213% stock price advance over the past 12 months has vastly outperformed the broader market. The analyst cites the company's "execution excellence, total addressable market expansion, reduced capital intensity / competitive risk, and a transition "from experimental to mainstream ad budgets". Martin adds that Roku has positioned itself as a "key takeover target" while offering a better valuation profile of 9.1-times expected forward revenue than that of Netflix (NFLX) at 9.7-times. The analyst further notes that Roku's margin, content risk, and event upside make it a better bet than Netflix.
10/01/18
FBCO
10/01/18
NO CHANGE
Target $470
FBCO
Outperform
Netflix 2019 content slate shaping up to be 'meaningfully' stronger, says Credit Suisse
Credit Suisse analyst Douglas Mitchelson says he has built out his forecast of Netflix's content slate, with 2019 shaping up to be "meaningfully" stronger than 2018. The analyst believes this bodes well for 2019 subscriber growth as scaling quality content should benefit both marketing and churn. Mitchelson reiterates an Outperform rating and $470 price target on the shares.
09/25/18
NOMU
09/25/18
NO CHANGE
Target $125
NOMU
Buy
Square price target raised to $125 from $86 at Nomura Instinet
Nomura Instinet analyst Dan Dolev raised his price target for Square (SQ) to $125 from $86 and keeps a Buy rating on the shares. The stock closed yesterday up 75c to $86.04. The analyst's analysis of Square's fundamentals indicates "buoyant" gross payment volume, revenue and marketing efficacy trends. The company's "fully cohesive solutions and rapid rate of innovation" suggest that it is en route to disrupt the global payments ecosystem, Dolev tells investors in a research note titled "Improving Momentum Means $125 Is Within Reach." He believes this is similar to the FANG stocks, or Facebook (FB), Amazon.com (AMZN), Netflix (NFLX) and Google (GOOG, GOOGL), that have "disrupted traditional markets with massive" global total addressable markets. Further, Dolev believes shares of Square are not too expensive when taking into account its "stellar" 45% expected three-year annual revenue growth, which he thinks "makes it screen more attractively than many payment peers and FANG stocks."

TODAY'S FREE FLY STORIES

ADI

Analog Devices

$111.23

0.73 (0.66%)

15:00
08/19/19
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  • 21

    Aug

BIDU

Baidu

$104.30

7.65 (7.92%)

14:49
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08/19
14:49
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14:49
Options
Baidu options imply 14.4% move in share price post-earnings, above median historical move »

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AVYA

Avaya

$12.27

-0.25 (-2.00%)

14:46
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Periodicals
Avaya said to get bid from Mitel, Bloomberg says »

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  • 05

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TXG

10x Genomics

$0.00

(0.00%)

14:46
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08/19
14:46
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14:46
Syndicate
10x Genomics files for IPO, to list on Nasdaq under symbol 'TXG' »

10x Genomics filed an S-1…

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F

Ford

$9.05

0.085 (0.95%)

14:45
08/19/19
08/19
14:45
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14:45
Periodicals
Ford to build two new midsize EV crossovers, Automotive News reports »

Ford Motor plans to build…

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  • 23

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HIIQ

Health Insurance Innovations

$17.42

-0.11 (-0.63%)

14:45
08/19/19
08/19
14:45
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14:45
Options
Health Insurance Innovations call volume above normal and directionally bullish »

Bullish option flow…

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  • 12

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LAZ

Lazard

$34.27

1.14 (3.44%)

14:43
08/19/19
08/19
14:43
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14:43
Periodicals
Lazard seen as top contender for role in Saudi Aramco IPO, Bloomberg says »

Lazard's success on…

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WB

Weibo

$41.98

4.93 (13.31%)

14:39
08/19/19
08/19
14:39
08/19/19
14:39
Upgrade
Weibo rating change  »

Weibo upgraded to Buy at…

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  • 19

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FB

Facebook

$186.22

2.8 (1.53%)

14:33
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08/19
14:33
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14:33
Hot Stocks
Facebook says removing 'coordinated inauthentic behavior' from China »

Facebook's Nathaniel…

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GOOG

Alphabet

$1,201.56

24.62 (2.09%)

, GOOGL

Alphabet Class A

$1,203.66

24.97 (2.12%)

14:32
08/19/19
08/19
14:32
08/19/19
14:32
Periodicals
'Cyberpunk 2077' coming to Google Stadia, Verge reports »

Google (GOOG) announced…

GOOG

Alphabet

$1,201.56

24.62 (2.09%)

GOOGL

Alphabet Class A

$1,203.66

24.97 (2.12%)

03/08/13
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TRP

TC Pipeline

$48.70

0.3 (0.62%)

, SRE

Sempra Energy

$139.87

0.93 (0.67%)

14:31
08/19/19
08/19
14:31
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14:31
Periodicals
Mexico near pact with pipeline builders, Reuters reports »

Mexico is close to…

TRP

TC Pipeline

$48.70

0.3 (0.62%)

SRE

Sempra Energy

$139.87

0.93 (0.67%)

03/08/13
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WB

Weibo

$42.03

4.98 (13.44%)

14:30
08/19/19
08/19
14:30
08/19/19
14:30
Upgrade
Weibo rating change  »

Weibo upgraded to Buy…

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  • 19

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NBRV

Nabriva Therapeutics

$2.13

-0.14 (-6.17%)

14:28
08/19/19
08/19
14:28
08/19/19
14:28
Hot Stocks
Breaking Hot Stocks news story on Nabriva Therapeutics »

Nabriva Therapeutics…

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LAZ

Lazard

$33.90

0.77 (2.32%)

14:24
08/19/19
08/19
14:24
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Periodicals
Breaking Periodicals news story on Lazard »

Lazard seen as top…

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LFGP

Ledyard Financial Group

$0.00

(0.00%)

14:21
08/19/19
08/19
14:21
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14:21
Hot Stocks
Ledyard Financial Group announces 120K share repurchase plan »

Ledyard Financial Group…

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TWTR

Twitter

$41.69

1.11 (2.74%)

14:19
08/19/19
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14:19
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Hot Stocks
Twitter says will no longer accept advertising from state-controlled news media »

In a blog post, Twitter…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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14:17
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14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
08/19/19
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Technical Analysis
NYSE market internals summary »

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KSS

Kohl's

$48.17

2.66 (5.84%)

, TJX

TJX

$51.87

0.45 (0.88%)

14:11
08/19/19
08/19
14:11
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14:11
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

KSS

Kohl's

$48.17

2.66 (5.84%)

TJX

TJX

$51.87

0.45 (0.88%)

MDT

Medtronic

$103.90

1.17 (1.14%)

HD

Home Depot

$208.01

4.37 (2.15%)

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14:10
08/19/19
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General news
Treasury Action: Treasuries remain heavy »

Treasury Action:…

CHE

Chemed

$434.70

4.53 (1.05%)

14:09
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Hot Stocks
Chemed VP Michael Witzeman sells almost $2M in company shares »

Chemed VP Michael…

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14:05
08/19/19
08/19
14:05
08/19/19
14:05
General news
Fed's Rosengren said he believes monetary and fiscal policy are already accommodative »

Fed's Rosengren said…

AAPL

Apple

$211.93

5.49 (2.66%)

, MSFT

Microsoft

$138.27

2.14 (1.57%)

14:02
08/19/19
08/19
14:02
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Periodicals
Microsoft hires former head of Apple's Siri efforts, The Information says »

Microsoft (MSFT) has…

AAPL

Apple

$211.93

5.49 (2.66%)

MSFT

Microsoft

$138.27

2.14 (1.57%)

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RRR

Red Rock Resorts

$19.46

0.75 (4.01%)

, AES

AES Corp.

$15.46

0.25 (1.64%)

13:44
08/19/19
08/19
13:44
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On The Fly
Fly Insider: Red Rock Resorts, Walgreen's among weeks notable insider trades »

Welcome to "Fly Insider,"…

RRR

Red Rock Resorts

$19.46

0.75 (4.01%)

AES

AES Corp.

$15.46

0.25 (1.64%)

GE

General Electric

$8.66

-0.13 (-1.48%)

MD

Mednax

$22.28

0.62 (2.86%)

CFR

Cullen/Frost

$85.74

0.95 (1.12%)

TWNK

Hostess Brands

$14.01

0.06 (0.43%)

WEN

Wendy's

$20.44

0.5 (2.51%)

PSA

Public Storage

$260.91

2.23 (0.86%)

AYX

Alteryx

$133.18

-0.57 (-0.43%)

WBA

Walgreens Boots Alliance

$51.40

1.3975 (2.79%)

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GIG

GigCapital

$10.30

(0.00%)

13:43
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GigCapital announces launching of de-SPACing efforts of Kaleyra combination »

GigCapital announced that…

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