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Netflix (NFLX) Stock Price, News & Analysis

Netflix logo
$896.05 +12.20 (+1.38%)
(As of 11/21/2024 ET)

About Netflix Stock (NASDAQ:NFLX)

Key Stats

Today's Range
$877.24
$908.00
50-Day Range
$686.80
$883.85
52-Week Range
$445.73
$908.00
Volume
3.72 million shs
Average Volume
3.67 million shs
Market Capitalization
$383.03 billion
P/E Ratio
50.71
Dividend Yield
N/A
Price Target
$764.82
Consensus Rating
Moderate Buy

Company Overview

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.

Netflix Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
84th Percentile Overall Score

NFLX MarketRank™: 

Netflix scored higher than 84% of companies evaluated by MarketBeat, and ranked 60th out of 290 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Netflix has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 24 buy ratings, 9 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Netflix has been the subject of 26 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Netflix's stock forecast and price target.
  • Earnings Growth

    Earnings for Netflix are expected to grow by 19.51% in the coming year, from $19.78 to $23.64 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Netflix is 50.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.63.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Netflix is 50.71, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.15.

  • Price to Earnings Growth Ratio

    Netflix has a PEG Ratio of 1.68. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Netflix has a P/B Ratio of 16.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Netflix's valuation and earnings.
  • Percentage of Shares Shorted

    1.90% of the float of Netflix has been sold short.
  • Short Interest Ratio / Days to Cover

    Netflix has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Netflix has recently increased by 12.27%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Netflix does not currently pay a dividend.

  • Dividend Growth

    Netflix does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    1.90% of the float of Netflix has been sold short.
  • Short Interest Ratio / Days to Cover

    Netflix has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Netflix has recently increased by 12.27%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Netflix has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.
  • News Coverage This Week

    MarketBeat has tracked 133 news articles for Netflix this week, compared to 62 articles on an average week.
  • Search Interest

    Only 114 people have searched for NFLX on MarketBeat in the last 30 days. This is a decrease of -26% compared to the previous 30 days.
  • MarketBeat Follows

    65 people have added Netflix to their MarketBeat watchlist in the last 30 days. This is an increase of 7% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Netflix insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $133,393,921.00 in company stock.

  • Percentage Held by Insiders

    Only 1.76% of the stock of Netflix is held by insiders.

  • Percentage Held by Institutions

    80.93% of the stock of Netflix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Netflix's insider trading history.
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NFLX Stock News Headlines

Programmatic Advertising and Business Intelligence Concept - Customer Data Platform - New Marketing and Advertising Solutions that use Automated Bidding Processes to Purchase Effective Ad Inventory - 3D Illustration
The Trade Desk: When Sell the News Turns Into Buy the Dip (NFLX)
Advertising technology (adtech) giant The Trade Desk Inc. (NASDAQ: TTD) is the leading independent demand-side platform (DSP) for programmatic advertising.
Buffett Dumps $982 Million in BofA Stock—What Does He Know?
Buffett's been eerily quiet about his reasons, but his actions speak volumes. When someone with his track record starts pulling out of the market, it's time to pay attention.
Stock market or forex trading graph and candlestick chart suitab — Photo
2 Former Pandemic Darlings Eyeing a Big 2025 Turnaround (NFLX)
The pandemic triggered a boom in stocks that accommodated physical isolation, convenient access from home and fitness. Many of these stocks hit unbelie
Photo of hands tearing apart a banknote/dollar.
3 High Flying Stocks That Could Stock Split in 2025
Why Netflix, ASML, and ServiceNow are top candidates for stock splits in 2025. Strong growth, high valuations, and market strength make them ones to watch.
Netflix Stock (NFLX) Price Prediction and Forecast 2025-2030
See More Headlines

NFLX Stock Analysis - Frequently Asked Questions

Netflix's stock was trading at $486.88 at the start of the year. Since then, NFLX shares have increased by 84.0% and is now trading at $896.05.
View the best growth stocks for 2024 here
.

Netflix, Inc. (NASDAQ:NFLX) posted its quarterly earnings results on Thursday, October, 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts' consensus estimates of $5.09 by $0.31. The Internet television network earned $9.82 billion during the quarter, compared to analysts' expectations of $9.77 billion. Netflix had a net margin of 20.70% and a trailing twelve-month return on equity of 35.86%.

Netflix shares 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 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.

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

Top institutional shareholders of Netflix include FMR LLC (4.80%), State Street Corp (3.97%), Geode Capital Management LLC (2.14%) and Jennison Associates LLC (1.64%). Insiders that own company stock include Jay C Hoag, Leslie J Kilgore, 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
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Netflix investors own include Meta Platforms (META), NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Broadcom (AVGO), Alphabet (GOOG) and JPMorgan Chase & Co. (JPM).

Company Calendar

Last Earnings
10/17/2024
Today
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/28/2025

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
$764.82
High Stock Price Target
$1,100.00
Low Stock Price Target
$545.00
Potential Upside/Downside
-14.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
35 Analysts

Profitability

Net Income
$5.41 billion
Pretax Margin
23.89%

Debt

Sales & Book Value

Annual Sales
$33.72 billion
Cash Flow
$47.46 per share
Book Value
$53.15 per share

Miscellaneous

Free Float
419,935,000
Market Cap
$383.24 billion
Optionable
Optionable
Beta
1.25

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This page (NASDAQ:NFLX) was last updated on 11/21/2024 by MarketBeat.com Staff
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