The Vanguard Group, Inc. has recently announced that it has increased stake in Netflix Inc. (NASDAQ:NFLX) by 0.19%. After grabbing 34.4 million shares, the institutional investor is now in possession of 65721.0 shares of the Communication Services Company. The new investment brought the stake of investor firm to 7.86% having worth around $16.3 billion. Moreover, BlackRock Fund Advisors increased its share by 0.13 million to have a control over 19.61 million shares. And Capital Research & Management Co raised its holdings to 0.24 million shares by acquiring 11.67 million shares or 2.67% of the stake.
Netflix Inc. (NFLX) concluded trading on 01/04/24 at a closing price of $474.67, with 3.62 million shares of worth about $1.72 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.16% during that period and on Thursday the price saw a gain of about 0.94%. Currently the company’s common shares owned by public are about 445.35M shares, out of which, 431.55M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 49 analysts are covering the NFLX stock and their offered price forecasts bring an average price target of $471.36. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $600.00 and could fall to a lowest price of $335.00. The stock’s current price level is -0.7% below of average price target set by the analysts, while a dip to estimated low would result in loss of -41.69% for the stock. However, touching the estimated high of $600.00 would mean a gain of 20.89% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 195 times over the past 12 months. They bought 322,630 shares in 94 of the transactions. In 101 selling transactions, insiders dumped 506,825 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and American Funds Growth Fund of Ame are the top 3 mutual funds which are holding stakes in Netflix Inc. Vanguard Total Stock Market ETF is currently holding 13.89 million shares of worth totaling $6.58 billion. The company recently came buying 19486.0 shares which brought its stake up to 3.17% of the company’s outstanding shares. Vanguard 500 Index Fund bought 51792.0 shares, after which its hold over company’s outstanding shares expand to 2.42%, leaving 10.6 million shares with the mutual fund that have a worth of about $5.02 billion. American Funds Growth Fund of Ame, after selling 9.37 million shares, have now control over 2.14% of the stake in the company. It holds -2.27 million shares of worth $4.44 billion.
Netflix Inc. (NASDAQ: NFLX) started trading at $472.98, above $2.72 from concluding price of the previous day. However, the stock later moved at a day high price of 480.74, or with a gain of 0.94%. Stock saw a price change of -3.48% in past 5 days and over the past one month there was a price change of 4.58%. Year-to-date (YTD), NFLX shares are showing a performance of -2.51% which increased to 60.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $285.33 but also hit the highest price of $500.89 during that period. The average intraday trading volume for Netflix Inc. shares is 4.96 million. The stock is currently trading -0.07% below its 20-day simple moving average (SMA20), while that difference is up 3.89% for SMA50 and it goes to 16.91% higher than SMA200.
The Vanguard Group, Inc. acquired 34.4 million shares of Netflix Inc. having value of about $16.3 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 65721.0 shares in the company valued at close to $31195787.07, or have control over 0.19% stake in the company. Netflix Inc. (NASDAQ: NFLX) currently have 445.35M outstanding shares and institutions hold larger chunk of about 81.24% of that. Holding of mutual funds in the company is about 33.28% while other institutional holders and individual stake holders have control over 48.51% and 3.99% of the stake respectively.
The stock has a current market capitalization of $207.75B and its 3Y-monthly beta is at 1.22. PE ratio of stock for trailing 12 months is 47.33, while it has posted earnings per share of $10.03 in the same period. Its PEG reads 1.94 and has Quick Ratio of 1.29 while making debt-to-equity ratio of 0.76. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NFLX, volatility over the week remained 2.58% while standing at 2.25% over the month.
Analysts are in expectations that Netflix Inc. (NFLX) stock would likely to be making an EPS of $2.21 in the current quarter, while forecast for next quarter EPS is $4.13 and it is $15.9 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.97 which is $2.83 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 22.11% while it is estimated to increase by 31.00% in next year. EPS is likely to shrink at an annualized rate of 24.35% for next 5-years, compared to annual growth of 51.43% made by the stock over the past 5-years.
Analysts at 49 brokerage firms have issued recommendations for the Netflix Inc. (NFLX)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.02. Out of those 49 Wall Street analysts, 24 recommended a “Buy” rating, while 17 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by DZ Bank on December 22, 2023 offering a Hold rating for the stock and assigned a target price of $495 to it.
