Netflix Inc. (NASDAQ: NFLX) is 26.97% higher on its value in year-to-date trading and has touched a low of $315.62 and a high of $639.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NFLX stock was last observed hovering at around $628.41 in the last trading session, with the day’s loss setting it -10.21%.
Currently trading at $618.20, the stock is -0.10% and 3.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.14 million and changing -1.62% at the moment leaves the stock 29.71% off its SMA200. NFLX registered 82.18% gain for a year compared to 6-month gain of 62.04%. The firm has a 50-day simple moving average (SMA 50) of $8.15 and a 200-day simple moving average (SMA200) of $12.78.
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The stock witnessed a 2.21% loss in the last 1 month and extending the period to 3 months gives it a 27.46%, and is 0.65% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.68% over the week and 2.26% over the month.
Netflix Inc. (NFLX) has around 13000 employees, a market worth around $267.53B and $33.72B in sales. Current P/E ratio is 51.44 and Fwd P/E is 29.11. Profit margin for the company is 16.04%. Distance from 52-week low is 95.87% and -3.26% from its 52-week high. The company has generated returns on investments over the last 12 months (14.70%).
Netflix Inc. quarterly earnings per share for the current quarter are estimated at $4.51 with sales reaching $9.27B over the same period.The EPS is expected to grow by 42.93% this year, but quarterly earnings will post 14.50% year-over-year. Quarterly sales are estimated to grow 13.50% in year-over-year returns.
Netflix Inc. (NFLX) Top Institutional Holders
2,970 institutions hold shares in Netflix Inc. (NFLX), with institutional investors hold 85.89% of the company’s shares. The shares outstanding are 432.76M, and float is at 428.60M with Short Float at 1.85%. Institutions hold 84.71% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 36.18 million shares valued at $15.94 billion. The investor’s holdings represent 8.16% of the NFLX Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 29.91 million shares valued at $13.18 billion to account for 6.75% of the shares outstanding. The other top investors are FMR, LLC which holds 23.55 million shares representing 5.31% and valued at over $10.37 billion, while Capital Research Global Investors holds 3.94% of the shares totaling 17.48 million with a market value of $7.7 billion.
Netflix Inc. (NFLX) Insider Activity
The most recent transaction is an insider sale by HASTINGS REED,the company’sExecutive Chairman. SEC filings show that HASTINGS REED sold 20,566 shares of the company’s common stock on Apr 01 ’24 at a price of $610.42 per share for a total of $12.55 million. Following the sale, the insider now owns 28.0 shares.
Netflix Inc. disclosed in a document filed with the SEC on Mar 18 ’24 that Peters Gregory K (Co-CEO) sold a total of 5,352 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $625.00 per share for $3.35 million. Following the transaction, the insider now directly holds 13090.0 shares of the NFLX stock.
Still, SEC filings show that on Mar 01 ’24, HASTINGS REED (Executive Chairman) disposed off 18,494 shares at an average price of $611.22 for $11.3 million. The insider now directly holds 28 shares of Netflix Inc. (NFLX).
