Netflix Stock Price, News & Analysis (NASDAQ:NFLX)

35 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Netflix in the last twelve months. There are currently 1 sell rating, 10 hold ratings and 24 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NFLX shares.
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35 Wall Street research analysts have issued 12 month target prices for Netflix's shares. Their NFLX share price targets range from $250.00 to $600.00. On average, they predict the company's stock price to reach $449.15 in the next twelve months. This suggests that the stock has a possible downside of 1.0%.
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Netflix's stock was trading at $294.88 at the beginning of 2023. Since then, NFLX stock has increased by 53.9% and is now trading at $453.76.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 18th 2024.
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Netflix, Inc. (NASDAQ:NFLX) posted its quarterly earnings data on Wednesday, October, 18th. The Internet television network reported $3.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.49 by $0.24. The Internet television network had revenue of $8.54 billion for the quarter, compared to analysts' expectations of $8.54 billion. Netflix had a net margin of 13.82% and a trailing twelve-month return on equity of 20.68%. The business's revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $3.10 EPS.
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ETFs with the largest weight of Netflix (NASDAQ:NFLX) stock in their portfolio include Fidelity Disruptive Communications ETF (FDCF), Invesco Next Gen Media and Gaming ETF (PBS), First Trust S-Network Streaming and Gaming ETF (BNGE), Vanguard Communication Services ETF (VOX), Gabelli Growth Innovators ETF (GGRW), First Trust Dow Jones Internet Index Fund (FDN), Fidelity MSCI Communication Services Index ETF (FCOM) and iShares Global Comm Services ETF (IXP).

Netflix's stock split before market open on Wednesday, July 15th 2015. The 7-1 split was announced on Tuesday, June 23rd 2015. The newly created shares were payable to shareholders after the closing bell on Tuesday, July 14th 2015. An investor that had 100 shares of stock prior to the split would have 700 shares after the split.

Netflix updated its fourth quarter 2023 earnings guidance on Wednesday, October, 18th. The company provided EPS guidance of $2.15-$2.15 for the period, compared to the consensus earnings per share estimate of $2.15. The company issued revenue guidance of $8.69 billion-$8.69 billion, compared to the consensus revenue estimate of $8.77 billion.

676 employees have rated Netflix Chief Executive Officer Reed Hastings on Glassdoor.com. Reed Hastings has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Netflix investors own include NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA), Walt Disney (DIS), Advanced Micro Devices (AMD), Alphabet (GOOG), Boeing (BA), Micron Technology (MU), Salesforce (CRM) and PayPal (PYPL).

Netflix's stock is owned by many different institutional and retail investors. Top institutional investors include FMR LLC (5.11%), Polen Capital Management LLC (1.47%), Morgan Stanley (1.40%), Baillie Gifford & Co. (1.22%), Northern Trust Corp (1.06%) and Loomis Sayles & Co. L P (1.04%). Insiders that own company stock include Ann Mather, David A Hyman, Gregory K Peters, Jay C Hoag, Jay C Hoag, Jessica Neal, Reed Hastings, Richard N Barton, Theodore A Sarandos, Theodore A Sarandos and Timothy M Haley.
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Shares of NFLX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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