S&P 500   4,464.05
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Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
Laser breakthrough could send stock soaring 2,467% (Ad)
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Laser breakthrough could send stock soaring 2,467% (Ad)
Illinois governor signs ban on firearms advertising allegedly marketed to kids and militants
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
S&P 500   4,464.05
DOW   35,281.40
QQQ   366.24
Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
Laser breakthrough could send stock soaring 2,467% (Ad)
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Laser breakthrough could send stock soaring 2,467% (Ad)
Illinois governor signs ban on firearms advertising allegedly marketed to kids and militants
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
S&P 500   4,464.05
DOW   35,281.40
QQQ   366.24
Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
Laser breakthrough could send stock soaring 2,467% (Ad)
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Laser breakthrough could send stock soaring 2,467% (Ad)
Illinois governor signs ban on firearms advertising allegedly marketed to kids and militants
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
S&P 500   4,464.05
DOW   35,281.40
QQQ   366.24
Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
Laser breakthrough could send stock soaring 2,467% (Ad)
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Laser breakthrough could send stock soaring 2,467% (Ad)
Illinois governor signs ban on firearms advertising allegedly marketed to kids and militants
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
Most-Upgraded StocksMost-Upgraded
NASDAQ:NFLX

Netflix (NFLX) Stock Forecast, Price & News

$421.66
-8.32 (-1.93%)
(As of 08/11/2023 08:48 PM ET)
Compare
Today's Range
$421.33
▼
$430.63
50-Day Range
$399.29
▼
$477.59
52-Week Range
$211.73
▼
$485.00
Volume
3.93 million shs
Average Volume
7.33 million shs
Market Capitalization
$186.86 billion
P/E Ratio
44.91
Dividend Yield
N/A
Price Target
$426.41
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Netflix MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
1.1% Upside
$426.41 Price Target
Short Interest
Healthy
2.05% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.20mentions of Netflix in the last 14 days
Based on 72 Articles This Week
Insider Trading
Selling Shares
$58.20 M Sold Last Quarter
Proj. Earnings Growth
31.99%
From $11.94 to $15.76 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.40 out of 5 stars

Consumer Discretionary Sector

117th out of 270 stocks

Video Tape Rental Industry

1st out of 3 stocks

See Top Rated MarketRank™ Stocks Here

NFLX stock logo

About Netflix (NASDAQ:NFLX) Stock

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 Price History

NFLX Stock News Headlines

July 19, 2023 | marketbeat.com
Netflix's 2Q subscriber growth surges in a sign that crackdown on password sharing is paying off
Netflix enjoyed its biggest springtime spurt in subscribers since the early days of the pandemic three years ago, providing the latest sign that a recent crackdown on password sharing and the rollout of a cheaper version of its video streaming service are paying off
July 17, 2023 | marketbeat.com
This week in business: retail sales, Netflix earnings, home sales
The Commerce Department releases U.S. retail sales figures for June on Tuesday
August 14, 2023 | Behind the Markets (Ad)
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
August 13, 2023 | msn.com
5 animated shows on Netflix you need to watch in August
August 13, 2023 | finance.yahoo.com
CEO Bob Iger's 3 Big Gambits Could Spell Trouble for Disney
August 12, 2023 | msn.com
Gal Gadot’s Heart Of Stone Is Streaming, And Critics Haven't Held Back On The Netflix Movie
August 12, 2023 | forbes.com
‘The Lincoln Lawyer’ Dethroned Again In Netflix’s Top 10 List By A New Show
August 12, 2023 | msn.com
Is Shannon Schaeffer From Netflix's 'Painkiller' Based On A Real Person? West Duchovny's Role And Ending
August 14, 2023 | Behind the Markets (Ad)
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
August 11, 2023 | msn.com
First trailer for Idina Menzel and Adam Sandler's new Netflix comedy
August 11, 2023 | finance.yahoo.com
Hollywood writers to evaluate counterproposal from studios
August 11, 2023 | msn.com
Where Is Richard Sackler From Netflix's ‘Painkiller’ Now? All About His Net Worth And Settlement Deal
August 11, 2023 | msn.com
Is everyone watching 'Suits'? Yes. Here's how the USA drama became Netflix's latest hit.
August 11, 2023 | yahoo.com
‘Painkiller’ Director Says Netflix Opioid Crisis Series Is Not Competing With ‘Dopesick’: ‘We Have a Very Different Tone’
August 11, 2023 | msn.com
Netflix’s Johnny Manziel Doc Was Bizarre, Poorly Done
August 11, 2023 | msn.com
J.P. Morgan upbeat on Netflix despite questions on paid sharing, sub growth outlook
August 11, 2023 | finance.yahoo.com
Disney Fans Are About to Get Squeezed. The Story Is All About the Stock Now.
August 11, 2023 | americanbankingnews.com
Richard N. Barton Sells 500 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock
August 11, 2023 | msn.com
Netflix's One Piece Live Action: Every Marine In Season 1
August 10, 2023 | msn.com
Review: ‘Heart of Stone’ is a Netflix killer-spy movie about all-powerful AI. Far-fetched twist: Actual humans wrote the script.
August 10, 2023 | msn.com
'Heart of Stone' review: Gal Gadot shoots but Netflix superspy thriller doesn't score
August 10, 2023 | chicago.suntimes.com
Netflix’s ‘Heart of Stone’ puts Gal Gadot back in action as a spy with many skills
August 10, 2023 | msn.com
Netflix’s ‘Fall of the House of Usher’ Releases First Photos, Premiere Date
August 10, 2023 | yahoo.com
Disney+ to follow Netflix's lead, start cracking down on password sharing
August 10, 2023 | msn.com
Former Navy Seal, Netflix star says AI is deterrent to war
August 10, 2023 | msn.com
Streamers beware: It's not just Netflix and Disney. A password sharing crackdown is coming.
August 10, 2023 | msn.com
Is Netflix's 'Painkiller' Cast Based on Real People?
See More Headlines
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NFLX Company Calendar

Last Earnings
7/19/2023
Today
8/13/2023
Next Earnings (Estimated)
10/17/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Video tape rental
Sub-Industry
Internet Retail
Sector
Consumer Discretionary
Current Symbol
NASDAQ:NFLX
CUSIP
64110L10
CIK
1065280
Web
www.netflix.com
Phone
(408) 540-3700
Fax
408-540-3737
Employees
12,800
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$426.41
High Stock Price Forecast
$600.00
Low Stock Price Forecast
$215.00
Forecasted Upside/Downside
+1.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
37 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$9.39
Trailing P/E Ratio
44.91
Forward P/E Ratio
35.31
P/E Growth
1.39
Net Income
$4.49 billion
Net Margins
13.22%
Pretax Margin
14.97%
Return on Equity
19.76%
Return on Assets
8.65%

Debt

Debt-to-Equity Ratio
0.62
Current Ratio
1.33
Quick Ratio
1.33

Sales & Book Value

Annual Sales
$31.62 billion
Price / Sales
5.91
Cash Flow
$42.34 per share
Price / Cash Flow
9.96
Book Value
$51.52 per share
Price / Book
8.18

Miscellaneous

Outstanding Shares
443,150,000
Free Float
432,293,000
Market Cap
$186.86 billion
Optionable
Optionable
Beta
1.30

Social Links

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MarketBeat's analysts have just released their top five short plays for August 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

Key Executives

  • Mr. Wilmot Reed Hastings Jr.Mr. Wilmot Reed Hastings Jr. (Age 63)
    Co-Founder & Exec. Chairman
    Comp: $1.67M
  • Mr. Theodore A. SarandosMr. Theodore A. Sarandos (Age 58)
    Co-CEO, Pres & Director
    Comp: $21.79M
  • Mr. Gregory K. PetersMr. Gregory K. Peters (Age 52)
    Co-CEO, Pres & Director
    Comp: $16.62M
  • Mr. Spencer Adam Neumann (Age 53)
    Chief Financial Officer
    Comp: $7.04M
  • Mr. David HymanMr. David Hyman (Age 57)
    Chief Legal Officer & Sec.
    Comp: $6.01M
  • Ms. Rachel Whetstone (Age 55)
    Chief Communications Officer
    Comp: $5.5M
  • Mr. Jeffrey William Karbowski (Age 44)
    VP, Chief Accounting Officer & Principal Accounting Officer
  • Mr. Spencer Wang
    VP of Fin., Corp. Devel. & Investor Relations
  • Ms. Marian Lee (Age 44)
    Chief Marketing Officer
  • Ms. Bela Bajaria
    Chief Content Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













NFLX Stock - Frequently Asked Questions

Should I buy or sell Netflix stock right now?

37 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Netflix in the last twelve months. There are currently 2 sell ratings, 12 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NFLX shares.
View NFLX analyst ratings or view top-rated stocks.

What is Netflix's stock price forecast for 2023?

37 brokers have issued twelve-month price objectives for Netflix's stock. Their NFLX share price forecasts range from $215.00 to $600.00. On average, they predict the company's stock price to reach $426.41 in the next year. This suggests a possible upside of 1.1% from the stock's current price.
View analysts price targets for NFLX or view top-rated stocks among Wall Street analysts.

How have NFLX shares performed in 2023?

Netflix's stock was trading at $294.88 on January 1st, 2023. Since then, NFLX stock has increased by 43.0% and is now trading at $421.66.
View the best growth stocks for 2023 here.

When is Netflix's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 17th 2023.
View our NFLX earnings forecast.

How were Netflix's earnings last quarter?

Netflix, Inc. (NASDAQ:NFLX) released its quarterly earnings data on Wednesday, July, 19th. The Internet television network reported $3.29 EPS for the quarter, topping analysts' consensus estimates of $2.85 by $0.44. The Internet television network had revenue of $8.19 billion for the quarter, compared to the consensus estimate of $8.29 billion. Netflix had a trailing twelve-month return on equity of 19.76% and a net margin of 13.22%. Netflix's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.20 earnings per share.
Read the conference call transcript.

What ETFs hold Netflix's stock?

ETFs with the largest weight of Netflix (NASDAQ:NFLX) stock in their portfolio include Fidelity Disruptive Communications ETF (FDCF), Invesco Dynamic Media ETF (PBS), First Trust S-Network Streaming and Gaming ETF (BNGE), Vanguard Communication Services ETF (VOX), Gabelli Growth Innovators ETF (GGRW), First Trust Dow Jones Internet Index Fund (FDN), Fidelity MSCI Communication Services Index ETF (FCOM) and iShares Global Comm Services ETF (IXP).

When did Netflix's stock split?

Shares of Netflix split on Wednesday, July 15th 2015. The 7-1 split was announced on Tuesday, June 23rd 2015. The newly minted shares were issued to shareholders after the market closes 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 guidance has Netflix issued on next quarter's earnings?

Netflix updated its third quarter 2023 earnings guidance on Wednesday, July, 19th. The company provided earnings per share (EPS) guidance of $3.52-$3.52 for the period, compared to the consensus estimate of $3.24. The company issued revenue guidance of $8.52 billion-$8.52 billion, compared to the consensus revenue estimate of $8.68 billion.

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.

What other stocks do shareholders of Netflix own?

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

What is Netflix's stock symbol?

Netflix trades on the NASDAQ under the ticker symbol "NFLX."

Who are Netflix's major shareholders?

Netflix's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.75%), Capital Research Global Investors (3.94%), Bank Julius Baer & Co. Ltd Zurich (3.41%), Capital World Investors (2.58%), Capital International Investors (2.52%) and Geode Capital Management LLC (1.89%). Insiders that own company stock include Ann Mather, David A Hyman, Gregory K Peters, Jay C Hoag, Jay C Hoag, Jessica Neal, Reed Hastings, Richard N Barton, Rodolphe Belmer, Theodore A Sarandos, Theodore A Sarandos and Timothy M Haley.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Netflix's stock price today?

One share of NFLX stock can currently be purchased for approximately $421.66.

How much money does Netflix make?

Netflix (NASDAQ:NFLX) has a market capitalization of $186.86 billion and generates $31.62 billion in revenue each year. The Internet television network earns $4.49 billion in net income (profit) each year or $9.39 on an earnings per share basis.

How many employees does Netflix have?

The company employs 12,800 workers across the globe.

Does Netflix have any subsidiaries?
The following companies are subsidiares of Netflix: Boss Fight Entertainment, Millarworld, Netflix Entretenimento Brasil LTDA, Netflix G.K., Netflix Global LLC, Netflix International B.V., Netflix México S. de R.L. de C.V., Netflix Pte. Ltd, Netflix Services France S.A.S., Netflix Services UK Limited, Netflix Servicios de Transmisión España S.L., Netflix Studios LLC, Next Games, Night School Studio, Scanline VFX, StoryBots, and The Roald Dahl Story.
Read More
How can I contact Netflix?

Netflix's mailing address is 100 WINCHESTER CIRCLE, LOS GATOS CA, 95032. The official website for the company is www.netflix.com. The Internet television network can be reached via phone at (408) 540-3700 or via fax at 408-540-3737.

This page (NASDAQ:NFLX) was last updated on 8/14/2023 by MarketBeat.com Staff

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