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
A number of brokerages recently commented on NFLX. Loop Capital reissued a "hold" rating on shares of Netflix in a report on Thursday, April 21st. DZ Bank downgraded Netflix from a "buy" rating to a "hold" rating and set a $280.00 target price on the stock. in a report on Thursday, April 21st. Morgan Stanley increased their target price on Netflix from $220.00 to $230.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 20th. BMO Capital Markets reduced their target price on Netflix from $405.00 to $365.00 and set an "outperform" rating on the stock in a report on Thursday, July 14th. Finally, Societe Generale dropped their price target on Netflix from $330.00 to $170.00 and set a "sell" rating on the stock in a research report on Tuesday, June 14th. Six equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $323.92.
Netflix Price Performance
NASDAQ:NFLX traded up $6.60 during trading on Friday, reaching $249.30. 6,098,531 shares of the company traded hands, compared to its average volume of 13,557,467. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 1.05. The stock's 50 day moving average price is $199.05 and its two-hundred day moving average price is $273.16. The company has a market cap of $110.87 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 1.68 and a beta of 1.36. Netflix has a 1-year low of $162.71 and a 1-year high of $700.99.
Netflix (NASDAQ:NFLX - Get Rating) last released its quarterly earnings data on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.96 by $0.24. The company had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.03 billion. Netflix had a return on equity of 30.07% and a net margin of 16.42%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.97 earnings per share. As a group, analysts anticipate that Netflix will post 10.06 EPS for the current year.