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DOW   36,124.56
QQQ   387.29
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Netflix Stock Price, News & Analysis (NASDAQ:NFLX)

$455.15
+1.25 (+0.28%)
(As of 12/5/2023 ET)
Compare
Today's Range
$449.58
$456.35
50-Day Range
$346.19
$479.56
52-Week Range
$273.41
$485.00
Volume
3.26 million shs
Average Volume
6.58 million shs
Market Capitalization
$199.21 billion
P/E Ratio
45.42
Dividend Yield
N/A
Price Target
$447.85

Netflix MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.66 Rating Score
Upside/​Downside
1.6% Downside
$447.85 Price Target
Short Interest
Healthy
2.31% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.74mentions of Netflix in the last 14 days
Based on 40 Articles This Week
Insider Trading
Selling Shares
$49.47 M Sold Last Quarter
Proj. Earnings Growth
31.76%
From $12.09 to $15.93 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.23 out of 5 stars

Consumer Discretionary Sector

114th out of 255 stocks

Video Tape Rental Industry

2nd out of 3 stocks


NFLX stock logo

About Netflix Stock (NASDAQ:NFLX)

Netflix is a digital technology and media company and company that put streaming on the map. Begun as an easy way to get DVDs through the mail, Netflix ended the era begun by Blockbuster and ushered in a new age with the advent of streaming media. Today, the company provides a complete range of digitized media content and its services are available through most types of media devices. Netflix, Inc. is headquartered in Los Gatos, California, and went public in 2002.

Netflix was founded on August 29, 1997, by partners Reed Hastings and Marc Randolph. The two met after their previous projects merged together and came up with the idea while carpooling to work. The idea was to find a category of goods akin to Amazon’s dominance with books and make them available over the Internet in a similar fashion.

The pair had already discounted the idea of renting VHS tapes over the mail when they heard about DVDs which first became available in 1997. After a test run to be sure a DVD could be mailed and delivered intact, the pair jumped into the multi-billion dollar movie rental business head first. Along the way, the company will make many innovations including a tool that makes personalized movie suggestions for each member. In 2006 membership will top 5 million then later, in 2007, the company will enter the streaming market where it will quickly dominate too.

Netflix entered the original content market in 2012 with the release of Hemlock Grove. Hemlock Grove is a supernatural drama that was followed up by Orange Is The New Black. Orange Is The New Black was a groundbreaking series for viewers and led to a series of other successes including Stranger Things. In March 2021 Netflix Studios was the most nominated at the Academy Awards.

Today the company has approximately 222 million paid members in 190 countries and offers services in more than 62 languages. Subscribers can choose from a variety of plans but all include unlimited access to all the content on the site. The difference in plans is in how many screens or devices can be used at a single time which allows subscription-sharing among family and friends.

The company has also moved on from a pure-play on rentals to making its own content and has a growing portfolio of brands to its credit. At one point in the company’s evolution, Jeff Bezos offered to acquire the company for Amazon for about $15 million but Hastings turned him down. The company was valued at a market cap of $99.42 BILLION in late 2022.

NFLX Stock Price History

NFLX Stock News Headlines

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Company Calendar

Last Earnings
10/18/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/18/2024

Industry, Sector and Symbol

Industry
Video tape rental
Sub-Industry
Internet Retail
Current Symbol
NASDAQ:NFLX
CUSIP
64110L10
Employees
12,800
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$447.85
High Stock Price Target
$600.00
Low Stock Price Target
$250.00
Potential Upside/Downside
-1.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.66
Research Coverage
35 Analysts

Profitability

Net Income
$4.49 billion
Pretax Margin
15.57%

Debt

Sales & Book Value

Annual Sales
$31.62 billion
Cash Flow
$41.38 per share
Book Value
$46.65 per share

Miscellaneous

Free Float
426,957,000
Market Cap
$199.21 billion
Optionable
Optionable
Beta
1.26

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NFLX Stock Analysis - Frequently Asked Questions

Should I buy or sell Netflix stock right now?

35 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" NFLX shares.
View NFLX analyst ratings
or view top-rated stocks.

What is Netflix's stock price target for 2024?

35 equities research analysts have issued 12 month price targets for Netflix's shares. Their NFLX share price targets range from $250.00 to $600.00. On average, they expect the company's stock price to reach $447.85 in the next year. This suggests that the stock has a possible downside of 1.6%.
View analysts price targets for NFLX
or view top-rated stocks among Wall Street analysts.

How have NFLX shares performed in 2023?

Netflix's stock was trading at $294.88 at the beginning of the year. Since then, NFLX stock has increased by 54.4% and is now trading at $455.15.
View the best growth stocks for 2023 here
.

When is Netflix's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 18th 2024.
View our NFLX earnings forecast
.

How were Netflix's earnings last quarter?

Netflix, Inc. (NASDAQ:NFLX) issued its quarterly earnings results on Wednesday, October, 18th. The Internet television network reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.24. The Internet television network earned $8.54 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.10 EPS.
Read the conference call transcript
.

When did Netflix's stock split?

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

What guidance has Netflix issued on next quarter's earnings?

Netflix issued an update on its fourth quarter 2023 earnings guidance on Wednesday, October, 18th. The company provided earnings per share (EPS) guidance of $2.15-$2.15 for the period, compared to the consensus 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.

What is Reed Hastings' approval rating as Netflix's CEO?

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.

What other stocks do shareholders of Netflix own?

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).

Who are Netflix's major shareholders?

Netflix's stock is owned by many different retail and institutional 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.
View institutional ownership trends
.

How do I buy shares of Netflix?

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.
Compare Top Brokerages Here.

Does Netflix have any subsidiaries?
The following companies are subsidiares of Netflix: Boss Fight Entertainment, Millarworld, Netflix Entretenimento Brasil LTDA, Netflix G.K., Netflix Global LLC, Netflix International B.V., Netflix México S. de R.L. de C.V., Netflix Pte. Ltd, Netflix Services France S.A.S., Netflix Services UK Limited, Netflix Servicios de Transmisión España S.L., Netflix Studios LLC, Next Games, Night School Studio, Scanline VFX, StoryBots, and The Roald Dahl Story.
Read More
This page (NASDAQ:NFLX) was last updated on 12/6/2023 by MarketBeat.com Staff

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