The stock of Netflix Inc. (NASDAQ:NFLX) last traded at $420.19, up 2.06% from the previous session.
NFLX stock price is now 5.17% away from the 50-day moving average and 11.09% away from the 200-day moving average. The market capitalization of the company currently stands at $183.91B.
With the price target maintained at $465, DZ Bank recently 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 Oct 09. The stock was sold for $189,025 at an average price of $378.05. Upon completion of the transaction, the Director now directly owns 152 shares in the company, valued at $63868.88. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 02, Executive Chairman HASTINGS REED sold 17,717 shares of the business’s stock. A total of $6,736,063 was realized by selling the stock at an average price of $380.20. Insiders disposed of 394,267 shares of company stock worth roughly $165.67 million over the past 1 year. A total of 1.46% of the company’s stock is owned by insiders.
With an opening price of $414.77 on Wednesday morning, Netflix Inc. (NASDAQ: NFLX) set off the trading day. During the past 12 months, Netflix Inc. has had a low of $252.09 and a high of $485.00. As of last week, the company has a debt-to-equity ratio of 0.76, a current ratio of 1.29, and a quick ratio of 1.29. According to the stock market information, the enterprise value for the company is $190.34B, which is based on a 41.90 price-to-earnings ratio, a 1.72 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for NFLX is $399.54 and a two-hundred day moving average price translates $378.24 for the stock.
The latest earnings results from Netflix Inc. (NASDAQ: NFLX) was released for Sep, 2023. According to the Entertainment Company, earnings per share came in at $3.52, beating analysts’ expectations of $3.29 by 0.23. This compares to $3.10 EPS in the same period last year. The net profit margin was 13.82% and return on equity was 21.23% for NFLX. The company reported revenue of $8.54 billion for the quarter, compared to $7.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.77 percent. For the current quarter, analysts expect NFLX to generate $8.21B in revenue.
