Netflix Inc (NASDAQ: NFLX): The Stock We Should Bet On For Economic Growth In The Months To Come

In today’s recent session, 0.88 million shares of the Netflix Inc (NASDAQ:NFLX) have been traded, and its beta is 1.59. Most recently the company’s share price was $1233.11, and it changed around $12.44 or 1.02% from the last close, which brings the market valuation of the company to $524.78B. NFLX at last check was trading at a discount to its 52-week high of $1262.81, offering almost -2.41% off that amount. The share price’s 52-week low was $587.04, which indicates that the recent value has risen by an impressive 52.39% since then. We note from Netflix Inc’s average daily trading volume that its 10-day average is 2.53 million shares, with the 3-month average coming to 4.30 million.

Netflix Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.77. If we narrow it down even further, the data shows that 1 out of 51 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 17 recommended NFLX as a Hold, whereas 26 deemed it a Buy, and 0 rated it as Underweight. Netflix Inc is expected to report earnings per share of 7.05 for the current quarter.

Netflix Inc (NASDAQ:NFLX) trade information

Instantly NFLX has been showing a green trend so far today with a performance of 1.02% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1,242.00 on recent trading dayincreased the stock’s daily price by 0.72%. The company’s shares are currently up 38.35% year-to-date, but still up 1.08% over the last five days. On the other hand, Netflix Inc (NASDAQ:NFLX) is 3.48% up in the 30-day period. We can see from the shorts that 7.82 million shares have been sold at a short interest cover period of 2.17 day(s).

The consensus price target as assigned by Wall Street analysts is $1150, which translates to bulls needing to decrease their stock price by -7.23% from its current value. Analyst projections state that NFLX is forecast to be at a low of $715 and a high of $1340.

Netflix Inc (NFLX) estimates and forecasts

The year-over-year growth rate is expected to be 13.95%, up from the previous year.

Consensus estimates provided by 38 financial analysts predict the company will bring in an average of 11.04B in revenue for the current quarter. 37 analysts expect Netflix Inc to make 11.26B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 9.56B and 9.82B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 15.44%. Forecasts for the next quarter put sales growth at 14.57%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 36.85%. Netflix Inc earnings are expected to increase by 28.73% in 2025, but the outlook is positive 23.84% per year for the next five years.

NFLX Dividends

Netflix Inc’s next quarterly earnings report is expected to be released on 2025-Apr-17.

Netflix Inc (NASDAQ:NFLX)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.55% of Netflix Inc shares, and 86.73% of them are in the hands of institutional investors. The stock currently has a share float of 87.21%. Netflix Inc stock is held by 4139.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.6053% of the shares, which is about 37.01 million shares worth $24.98 billion.

BLACKROCK INC., with 7.3486% or 31.6 million shares worth $21.33 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.

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