Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. It also provides DVDs-by-mail membership services in the United States. The company has approximately 222 million paid members in 190 countries. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.
Wall Street Analyst Weigh In
NFLX has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Netflix from $230.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, July 20th. DZ Bank downgraded Netflix from a "buy" rating to a "hold" rating and set a $280.00 price target for the company. in a research note on Thursday, April 21st. Cowen cut their price target on Netflix from $590.00 to $325.00 and set an "outperform" rating for the company in a research note on Wednesday, April 20th. Credit Suisse Group cut their target price on Netflix from $350.00 to $263.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 20th. Finally, Wolfe Research boosted their target price on Netflix from $234.00 to $251.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 20th. Six equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $323.92.
Netflix Price Performance
Shares of Netflix stock traded down $3.13 during trading on Friday, hitting $226.78. The stock had a trading volume of 5,539,733 shares, compared to its average volume of 13,544,973. The firm has a market cap of $100.85 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 1.57 and a beta of 1.36. Netflix has a 12 month low of $162.71 and a 12 month high of $700.99. The business's 50-day moving average is $194.85 and its 200 day moving average is $278.28. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.75.
Netflix (NASDAQ:NFLX - Get Rating) last released its quarterly earnings results on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.24. The firm had revenue of $7.97 billion for the quarter, compared to analysts' expectations of $8.03 billion. Netflix had a net margin of 16.42% and a return on equity of 30.07%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.97 earnings per share. As a group, sell-side analysts anticipate that Netflix will post 10.06 earnings per share for the current year.