In yesterday’s Wall Street session, Netflix Inc. (NASDAQ:NFLX) shares traded at $469.83, down -2.11% from the previous session.
NFLX stock price is now 9.81% away from the 50-day moving average and 19.12% away from the 200-day moving average. The market capitalization of the company currently stands at $205.64B.
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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 6,842 shares of the company’s stock on Dec 11. The stock was sold for $3,142,941 at an average price of $459.36. Upon completion of the transaction, the Director now directly owns 152 shares in the company, valued at $71414.16. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08, Director BARTON RICHARD N sold 500 shares of the business’s stock. A total of $217,500 was realized by selling the stock at an average price of $435.00. This leaves the insider owning 152 shares of the company worth $71414.16. Insiders disposed of 506,825 shares of company stock worth roughly $238.12 million over the past 1 year. A total of 1.40% of the company’s stock is owned by insiders.
During the past 12 months, Netflix Inc. has had a low of $273.41 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 $212.08B, which is based on a 46.85 price-to-earnings ratio, a 1.92 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for NFLX is $427.87 and a two-hundred day moving average price translates $394.41 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 $3.45, beating analysts’ expectations of $3.23 by 0.22. 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 $8.06B in revenue.
