Netflix Inc. (NASDAQ:NFLX) shares traded 4.17% higher at $577.75 on Wall Street last session.
NFLX stock price is now -4.37% away from the 50-day moving average and 19.05% away from the 200-day moving average. The market capitalization of the company currently stands at $250.03B.
With the price target maintained at $700, Needham recently Upgraded its rating from Hold to Buy for Netflix Inc. (NASDAQ: NFLX). On April 19, 2024, Pivotal Research Group reiterated its ‘Buy’ rating on the stock by increasing its target price from $765 to quote $800, while ‘Canaccord Genuity’ rates the stock as ‘Hold’
In other news, HASTINGS REED, Executive Chairman sold 20,566 shares of the company’s stock on Apr 01 ’24. The stock was sold for $12,553,955 at an average price of $610.42. Upon completion of the transaction, the Executive Chairman now directly owns 28 shares in the company, valued at $16177.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 18 ’24, Co-CEO Peters Gregory K sold 5,352 shares of the business’s stock. A total of $3,345,000 was realized by selling the stock at an average price of $625.00. This leaves the insider owning 13,090 shares of the company worth $7.56 million. A total of 0.96% of the company’s stock is owned by insiders.
During the past 12 months, Netflix Inc. has had a low of $315.62 and a high of $639.00. As of last week, the company has a debt-to-equity ratio of 0.66, a current ratio of 1.07, and a quick ratio of 1.12.
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 $2.88 EPS in the same period last year. The net profit margin was 18.42% and return on equity was 29.80% for NFLX. The company reported revenue of $9.37 billion for the quarter, compared to $8.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.81 percent. For the current quarter, analysts expect NFLX to generate $8.93B in revenue.
