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Netflix (NFLX) Stock Price, News & Analysis

$685.74
-4.91 (-0.71%)
(As of 07/8/2024 ET)
Today's Range
$681.49
$688.72
50-Day Range
$550.64
$690.65
52-Week Range
$344.73
$697.49
Volume
1.93 million shs
Average Volume
2.49 million shs
Market Capitalization
$295.55 billion
P/E Ratio
47.59
Dividend Yield
N/A
Price Target
$637.34

Netflix MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.61 Rating Score
Upside/​Downside
7.1% Downside
$637.34 Price Target
Short Interest
Healthy
1.79% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.37mentions of Netflix in the last 14 days
Based on 41 Articles This Week
Insider Trading
Selling Shares
$44.47 M Sold Last Quarter
Proj. Earnings Growth
20.81%
From $18.31 to $22.12 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.80 out of 5 stars

Consumer Discretionary Sector

85th out of 257 stocks

Video Tape Rental Industry

1st 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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Netflix Stock: Can Bundling with Competitors Drive Shares Higher?
Netflix Inc. NASDAQ: NFLX is the world's largest subscription-based streaming entertainment service. The company provides its services in over 190 countries to more than 270 million paid subscribers.
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Netflix Stock: Can Bundling with Competitors Drive Shares Higher?
Netflix Inc. (NASDAQ: NFLX) is the world's largest subscription-based streaming entertainment service. The company provides its services in over 190 countries
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Company Calendar

Last Earnings
4/18/2024
Today
7/09/2024
Next Earnings (Confirmed)
7/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Video tape rental
Sub-Industry
Internet Retail
Current Symbol
NASDAQ:NFLX
CUSIP
64110L10
Employees
13,000
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$637.34
High Stock Price Target
$800.00
Low Stock Price Target
$370.00
Potential Upside/Downside
-7.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.61
Research Coverage
36 Analysts

Profitability

Net Income
$5.41 billion
Pretax Margin
21.04%

Debt

Sales & Book Value

Annual Sales
$34.93 billion
Cash Flow
$45.81 per share
Book Value
$47.57 per share

Miscellaneous

Free Float
423,414,000
Market Cap
$295.55 billion
Optionable
Optionable
Beta
1.27

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Should I Buy Netflix Stock? NFLX Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Netflix, Inc.:

  • Netflix, Inc. provides entertainment services including TV series, documentaries, feature films, and games across various genres and languages.
  • Members have the ability to receive streaming content through a host of internet-connected devices, expanding accessibility.
  • Recent developments in content creation and partnerships have increased the company's competitive edge in the entertainment industry.
  • The current stock price of Netflix, Inc. is favorable for potential investors, offering a promising entry point.
  • Continuous innovation and adaptation to consumer preferences have solidified Netflix's position as a market leader in the streaming service sector.

Cons

Investors should be bearish about investing in Netflix, Inc. for these reasons:

  • Competition in the streaming service industry is intensifying, leading to potential challenges in maintaining market share.
  • Fluctuations in subscriber growth and retention rates could impact the company's revenue and profitability.
  • Content production costs are rising, putting pressure on Netflix's margins and financial performance.
  • Regulatory changes and licensing agreements may pose risks to the company's content library and distribution strategies.
  • Market volatility and macroeconomic factors could influence the stock price of Netflix, Inc., leading to investment uncertainties.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these Netflix pros and cons to contact@marketbeat.com.

NFLX Stock Analysis - Frequently Asked Questions

How have NFLX shares performed this year?

Netflix's stock was trading at $486.88 at the start of the year. Since then, NFLX stock has increased by 40.8% and is now trading at $685.74.
View the best growth stocks for 2024 here
.

How were Netflix's earnings last quarter?

Netflix, Inc. (NASDAQ:NFLX) issued its quarterly earnings results on Thursday, April, 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.51 by $0.77. The company's quarterly revenue was up 14.8% compared to the same quarter last year.
Read the conference call transcript
.

When did Netflix's stock split?

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 issued 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.

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.

Does Netflix have any subsidiaries?

Netflix subsidiaries include these companies: Boss Fight Entertainment, Next Games, Scanline VFX, Night School Studio, The Roald Dahl Story, StoryBots, Millarworld, and others.

Who are Netflix's major shareholders?

Netflix's top institutional investors include DNB Asset Management AS (0.05%), ST Germain D J Co. Inc. (0.01%), Boston Common Asset Management LLC (0.01%) and Appleton Partners Inc. MA. Insiders that own company stock include David A Hyman, Gregory K Peters, Theodore A Sarandos, Richard N Barton, Reed Hastings, Anne M Sweeney, Spencer Adam Neumann, Timothy M Haley and Ann Mather.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Netflix own?

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

This page (NASDAQ:NFLX) was last updated on 7/9/2024 by MarketBeat.com Staff

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