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Netflix (NFLX) Stock Price, News & Analysis

$697.12
-1.42 (-0.20%)
(As of 08/21/2024 ET)
Today's Range
$691.39
$701.00
50-Day Range
$598.55
$698.54
52-Week Range
$344.73
$711.33
Volume
2.23 million shs
Average Volume
3.89 million shs
Market Capitalization
$300.46 billion
P/E Ratio
48.38
Dividend Yield
N/A
Price Target
$681.21

Netflix MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
2.3% Downside
$681.21 Price Target
Short Interest
Healthy
1.52% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.33mentions of Netflix in the last 14 days
Based on 48 Articles This Week
Insider Trading
Selling Shares
$98.28 M Sold Last Quarter
Proj. Earnings Growth
19.08%
From $19.08 to $22.72 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.

4.10 out of 5 stars

Consumer Discretionary Sector

68th out of 263 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

This combination of photos shows promotional art for the film “The Supremes at Earl’s All You Can E…
What to stream: Sabrina Carpenter gets cheeky, 'Furiosa' fights and Kevin Costner’s 'Horizon' spins
This week’s new streaming entertainment releases include albums from Lainey Wilson and Sabrina Carpenter, George Miller’s “Furiosa: A Mad Max Saga” is available on the small screen and Kevin Costner’s Western “Horizon: An American Saga” is landing on Max
Secure this "AI Fuel" Stock Before the Billionaires Buy It All
According to the Washington Post, America is running out of a crucial component for AI. Without this "AI fuel," firms like NVIDIA would have to shut down their operations.
TheTradeDesk stock price forecast
The Trade Desk : Premium Digital Ad Demand Fuels Record Growth (NFLX)
The Trade Desk Inc. is the largest independent demand-side platform (DSP) for advertising buyers. Its self-service, cloud-based advertising technology
This image released by Netflix shows judge Sandra Lee in a scene from the baking competition series…
With a new life and fresh ideas, Sandra Lee makes a TV comeback with a Netflix food competition show
Cookbook author and TV personality Sandra Lee is a co-host and judge on a new Netflix competition series called “Blue Ribbon Baking Championship" out Friday
Secure this "AI Fuel" Stock Before the Billionaires Buy It All
According to the Washington Post, America is running out of a crucial component for AI. Without this "AI fuel," firms like NVIDIA would have to shut down their operations.
Cloudflare company logo close-up on website page
Cloudflare Stock Flares Up on Solid EPS Beat and Raised Guidance (NFLX)
Content delivery network (CDN) service provider Cloudflare, Inc. (NYSE: NET) reported a solid Q2 2024 earnings report, resulting in a 6% gain the following day.
This combination of images shows promotional art for the series
What to stream this week: Matt Damon on a heist, 'Dance Moms' jazz it up and J Balvin parties
This week’s new streaming entertainment releases include the Boston-set caper “The Instigators” starring Matt Damon and Casey Affleck, Netflix premiering the final season of “The Umbrella Academy” and J Balvin has an album he likens to a house party
A new programming deal shows why Netflix has all the leverage
Watch These Netflix Price Levels After Stock Mints Record High
See More Headlines
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Company Calendar

Last Earnings
7/18/2024
Today
8/21/2024
Next Earnings (Estimated)
10/16/2024
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
12,800
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$681.21
High Stock Price Target
$800.00
Low Stock Price Target
$465.00
Potential Upside/Downside
-2.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
35 Analysts

Profitability

Net Income
$5.41 billion
Pretax Margin
22.55%

Debt

Sales & Book Value

Annual Sales
$36.30 billion
Cash Flow
$51.45 per share
Book Value
$51.53 per share

Miscellaneous

Free Float
423,414,000
Market Cap
$300.46 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's stock price has been trading at a high of $674.07, showing positive momentum in the market.
  • Netflix has consistently reported strong quarterly earnings, exceeding analysts' expectations, indicating a healthy financial performance.
  • Analysts have given Netflix a "Moderate Buy" rating with an average price target of $681.21, suggesting potential for stock price growth.
  • Netflix's revenue has been increasing year-over-year, demonstrating the company's ability to generate substantial income.
  • Netflix offers a diverse range of entertainment services, including TV series, documentaries, feature films, and games, catering to a wide audience.

Cons

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

  • Netflix's stock has a high PE ratio of 46.78, indicating that the stock may be overvalued compared to its earnings.
  • Netflix's P/E/G ratio of 1.28 suggests that the stock may be relatively expensive based on its growth prospects.
  • Insiders have been selling significant amounts of company stock, raising concerns about insider sentiment towards the company.
  • Netflix's debt-to-equity ratio of 0.55 may indicate a higher level of financial leverage, which can pose risks during economic downturns.
  • While Netflix has a strong market capitalization of $290.52 billion, the company faces increasing competition in the streaming industry, which could impact its market share.
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, August 18, 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 on January 1st, 2024. Since then, NFLX shares have increased by 43.2% and is now trading at $697.12.
View the best growth stocks for 2024 here
.

How were Netflix's earnings last quarter?

Netflix, Inc. (NASDAQ:NFLX) announced its quarterly earnings results on Thursday, July, 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.74 by $0.14. The company's quarterly revenue was up 16.8% on a year-over-year basis.
Read the conference call transcript
.

When did Netflix's stock split?

Shares of Netflix 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 issued 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?

Top institutional investors of Netflix include Baillie Gifford & Co. (1.11%), Legal & General Group Plc (0.80%), Bank of New York Mellon Corp (0.76%) and Susquehanna International Group LLP. Insiders that own company stock include David A Hyman, Gregory K Peters, Theodore A Sarandos, Richard N Barton, Reed Hastings, Leslie J Kilgore, Anne M Sweeney, Spencer Adam Neumann, Timothy M Haley, Ann Mather and Jay C Hoag.
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 8/22/2024 by MarketBeat.com Staff

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