The stock of Netflix Inc. (NASDAQ:NFLX) last traded at $400.49, down -2.85% from the previous session.
Data from the available sources indicates that Netflix Inc. (NASDAQ:NFLX) is covered by 45 analysts. 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 $485.00. Given the previous closing price of $412.24, this indicates a potential upside of 17.65 percent. NFLX stock price is now -7.43% away from the 50-day moving average and 9.84% away from the 200-day moving average. The market capitalization of the company currently stands at $177.61B.
In total, 18 analysts have assigned it a hold rating, and 22 have given it a buy rating. Brokers who have rated the stock have averaged $462.19 as their price target over the next twelve months.
With the price target enhanced from $425 to $500, Loop Capital Upgraded its rating from Hold to Buy for Netflix Inc. (NASDAQ: NFLX).
In other news, BARTON RICHARD N, Director sold 500 shares of the company’s stock on Sep 11. The stock was sold for $221,535 at an average price of $443.07. Upon completion of the transaction, the Director now directly owns 152 shares in the company, valued at $60874.48. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 01, Executive Chairman HASTINGS REED sold 17,969 shares of the business’s stock. A total of $7,917,198 was realized by selling the stock at an average price of $440.60. Insiders disposed of 720,791 shares of company stock worth roughly $288.67 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 VIKING GLOBAL INVESTORS LP during the first quarter worth $252,655,000. WINSLOW CAPITAL MANAGEMENT, LLC invested $166,424,000 in shares of NFLX during the first quarter. In the first quarter, AUSTRALIANSUPER PTY LTD acquired a new stake in Netflix Inc. valued at approximately $101,397,000. CLEAR STREET LLC acquired a new stake in NFLX for approximately $91,632,000. UNISUPER MANAGEMENT PTY LTD purchased a new stake in NFLX valued at around $74,090,000 in the second quarter. In total, there are 2,642 active investors with 80.30% ownership of the company’s stock.
With an opening price of $410.40 on Thursday morning, Netflix Inc. (NASDAQ: NFLX) set off the trading day. 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 $191.10B, which is based on a 46.63 price-to-earnings ratio, a 1.93 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for NFLX is $431.71 and a two-hundred day moving average price translates $365.19 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 $3.06, beating analysts’ expectations of $2.66 by 0.4. 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 $7.93B in revenue.
Netflix Inc.(NFLX) Company Profile
Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. The company has approximately 231 million paid members in 190 countries. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.
