Netflix Inc. (NASDAQ:NFLX) shares traded -0.44% lower at $377.59 on Wall Street last session.
In accordance with the data, 44 analysts cover Netflix Inc. (NASDAQ:NFLX). The consensus rating among analysts is ‘Overweight’. NFLX stock price is now -10.70% away from the 50-day moving average and 2.46% away from the 200-day moving average. The market capitalization of the company currently stands at $167.33B.
It has been rated a hold by 17 analysts and a buy by 22.
With the price target reduced from $550 to $500, Evercore ISI maintained Outperform rating 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 $57393.68. 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 358,081 shares of company stock worth roughly $135.21 million over the past 1 year. A total of 1.46% 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 $238,208,000. WINSLOW CAPITAL MANAGEMENT, LLC invested $156,908,000 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 $95,599,000. CLEAR STREET LLC acquired a new stake in NFLX for approximately $86,393,000. UNISUPER MANAGEMENT PTY LTD purchased a new stake in NFLX valued at around $69,854,000 in the second quarter. In total, there are 2,642 active investors with 82.14% ownership of the company’s stock.
Netflix Inc. (NASDAQ: NFLX) opened at $382.40 on Wednesday. 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 0.74, a current ratio of 1.33, and a quick ratio of 1.33. According to the stock market information, the enterprise value for the company is $176.48B, which is based on a 40.14 price-to-earnings ratio, a 1.68 price-to-earnings-growth ratio, and a beta of 1.31. The fifty day moving average price for NFLX is $420.90 and a two-hundred day moving average price translates $368.87 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 13.22% and return on equity was 20.26% 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 $8.06B in revenue.
