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.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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.
