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.
Analyst Ratings Changes
Several brokerages have issued reports on NFLX. Robert W. Baird lowered their price target on shares of Netflix from $260.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, July 20th. BMO Capital Markets lowered their price target on shares of Netflix from $405.00 to $365.00 and set an "outperform" rating on the stock in a report on Thursday, July 14th. Atlantic Securities lowered their price target on shares of Netflix from $280.00 to $211.00 and set a "neutral" rating on the stock in a report on Wednesday, July 20th. KGI Securities lowered shares of Netflix from an "outperform" rating to a "neutral" rating and set a $350.00 price target on the stock. in a report on Wednesday, April 20th. Finally, DZ Bank lowered shares of Netflix from a "buy" rating to a "hold" rating and set a $280.00 price target on the stock. in a report on Thursday, April 21st. Six research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $323.92.
Netflix Stock Up 2.7 %
Shares of NASDAQ:NFLX traded up $6.60 during midday trading on Friday, hitting $249.30. The stock had a trading volume of 6,073,529 shares, compared to its average volume of 11,052,771. Netflix has a 12 month low of $162.71 and a 12 month high of $700.99. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.75. The business's 50-day simple moving average is $198.05 and its 200-day simple moving average is $273.97. The company has a market cap of $110.87 billion, a P/E ratio of 22.16, a PEG ratio of 1.69 and a beta of 1.36.
Netflix (NASDAQ:NFLX - Get Rating) last released its earnings results on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.24. Netflix had a net margin of 16.42% and a return on equity of 30.07%. The business had revenue of $7.97 billion during the quarter, compared to analysts' expectations of $8.03 billion. During the same period last year, the business earned $2.97 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts forecast that Netflix will post 10.06 earnings per share for the current fiscal year.