In yesterday’s Wall Street session, Netflix Inc. (NASDAQ:NFLX) shares traded at $415.45, down -1.95% from the previous session.
45 analysts cover Netflix Inc. (NASDAQ:NFLX), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $600.00 and a low of $293.00, we find $477.00. Given the previous closing price of $423.70, this indicates a potential upside of 12.58 percent. NFLX stock price is now -3.81% away from the 50-day moving average and 18.57% away from the 200-day moving average. The market capitalization of the company currently stands at $187.74B.
The stock has received a hold rating from 20 analysts and a buy rating from 21. Brokers who have rated the stock have averaged $456.28 as their price target over the next twelve months.
With the price target enhanced from $340 to $500, Robert W. Baird Upgraded its rating from Neutral to Outperform for Netflix Inc. (NASDAQ: NFLX).
In other news, BARTON RICHARD N, Director sold 500 shares of the company’s stock on Aug 08. The stock was sold for $220,180 at an average price of $440.36. Upon completion of the transaction, the Director now directly owns 152 shares in the company, valued at $63148.4. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 04, Co-CEO SARANDOS THEODORE A sold 55,386 shares of the business’s stock. A total of $23,877,075 was realized by selling the stock at an average price of $431.10. Insiders disposed of 639,763 shares of company stock worth roughly $265.79 million over the past 1 year. A total of 1.35% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NFLX stock. A new stake in Netflix Inc. shares was purchased by PORTSIDE WEALTH GROUP, LLC during the first quarter worth $542,088,000. VIKING GLOBAL INVESTORS LP invested $262,093,000 in shares of NFLX during the first quarter. In the first quarter, WINSLOW CAPITAL MANAGEMENT, LLC acquired a new stake in Netflix Inc. valued at approximately $172,641,000. AUSTRALIANSUPER PTY LTD acquired a new stake in NFLX for approximately $105,185,000. CLEAR STREET LLC purchased a new stake in NFLX valued at around $95,055,000 in the second quarter. In total, there are 2,642 active investors with 80.30% ownership of the company’s stock.
On Wednesday morning Netflix Inc. (NASDAQ: NFLX) stock kicked off with the opening price of $423.73. During the past 12 months, Netflix Inc. has had a low of $211.73 and a high of $485.00. As of last week, the company has a debt-to-equity ratio of 0.63, a current ratio of 1.30, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $192.52B, which is based on a 48.37 price-to-earnings ratio, a 2.00 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for NFLX is $432.15 and a two-hundred day moving average price translates $350.97 for the stock.
The latest earnings results from Netflix Inc. (NASDAQ: NFLX) was released for Jun, 2023. According to the Entertainment Company, earnings per share came in at $3.29, beating analysts’ expectations of $2.86 by 0.43. This compares to $3.20 EPS in the same period last year. The net profit margin was 13.20% and return on equity was 19.80% for NFLX. The company reported revenue of $8.19 billion for the quarter, compared to $7.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.72 percent. For the current quarter, analysts expect NFLX to generate $8.53B in revenue.
