Market Analysts see Netflix Inc. [NFLX] gaining to $650. Time to buy?

Netflix Inc. [NASDAQ: NFLX] stock went on an upward path that rose over 2.36% on Thursday, amounting to a one-week price increase of more than 2.52%. The company report on January 20, 2021 that Netflix Releases Fourth-Quarter 2020 Financial Results.

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Netflix, Inc. (NASDAQ: NFLX) has released its fourth-quarter 2020 financial results by posting them to its website. Please visit the Netflix investor relations website at http://ir.netflix.net to view the Q4’20 financial results and letter to shareholders.

A video interview with Netflix co-CEO Reed Hastings, co-CEO & Chief Content Officer Ted Sarandos, Chief Financial Officer Spence Neumann, COO & Chief Product Officer Greg Peters and VP, IR & Corporate Development Spencer Wang will be available at 3:00 p.m. Pacific Time at youtube.com/netflixir. The interview will be conducted by Kannan Venkateshwar, Barclays Capital. Questions that investors would like to see asked should be sent to kannan.venkateshwar@barclayscapital.com.

Over the last 12 months, NFLX stock rose by 49.37%. The one-year Netflix Inc. stock forecast points to a potential upside of 10.54. The average equity rating for NFLX stock is currently 2.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $246.79 billion, with 442.23 million shares outstanding and 433.84 million shares in the current float. Compared to the average trading volume of 5.03M shares, NFLX stock reached a trading volume of 5144650 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Netflix Inc. [NFLX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NFLX shares is $617.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NFLX stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

DZ Bank have made an estimate for Netflix Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 21, 2021. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $510 to $700. The new note on the price target was released on January 20, 2021, representing the official price target for Netflix Inc. stock. Previously, the target price had yet another raise from $540 to $650, while UBS kept a Buy rating on NFLX stock. On January 20, 2021, analysts increased their price target for NFLX shares from 412 to 485.

The Average True Range (ATR) for Netflix Inc. is set at 20.37, with the Price to Sales ratio for NFLX stock in the period of the last 12 months amounting to 9.87. The Price to Book ratio for the last quarter was 22.07, with the Price to Cash per share for the same quarter was set at 18.36. Price to Free Cash Flow for NFLX in the course of the last twelve months was 127.92 with Quick ratio for the last quarter at 1.30.

NFLX Stock Performance Analysis:

Netflix Inc. [NFLX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.52. With this latest performance, NFLX shares gained by 6.02% in over the last four-week period, additionally plugging by 9.97% over the last 6 months – not to mention a rise of 49.37% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NFLX stock in for the last two-week period is set at 56.00, with the RSI for the last a single of trading hit 56.74, and the three-weeks RSI is set at 55.50 for Netflix Inc. [NFLX]. The present Moving Average for the last 50 days of trading for this stock 519.59, while it was recorded at 542.24 for the last single week of trading, and 488.70 for the last 200 days.

Insight into Netflix Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Netflix Inc. [NFLX] shares currently have an operating margin of +18.34 and a Gross Margin at +38.89. Netflix Inc.’s Net Margin is presently recorded at +11.05.

Return on Total Capital for NFLX is now 17.13, given the latest momentum, and Return on Invested Capital for the company is 10.50. Return on Equity for this stock inclined to 29.62, with Return on Assets sitting at 7.54. When it comes to the capital structure of this company, Netflix Inc. [NFLX] has a Total Debt to Total Equity ratio set at 167.29. Additionally, NFLX Total Debt to Total Capital is recorded at 62.59, with Total Debt to Total Assets ending up at 47.12. Long-Term Debt to Equity for the company is recorded at 160.45, with the Long-Term Debt to Total Capital now at 60.03.

Reflecting on the efficiency of the workforce at the company, Netflix Inc. [NFLX] managed to generate an average of $293,765 per employee. Receivables Turnover for the company is 21.44 with a Total Asset Turnover recorded at a value of 0.68.Netflix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.

NFLX Stock EPS

With the latest financial reports released by the company, Netflix Inc. posted 1.57/share EPS, while the average EPS was predicted by analysts to be reported at 1.65/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -4.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NFLX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Netflix Inc. go to 44.43%.

Netflix Inc. [NFLX] Insider Position Details

There are presently around $194,262 million, or 81.90% of NFLX stock, in the hands of institutional investors. The top three institutional holders of NFLX stocks are: VANGUARD GROUP INC with ownership of 33,583,091, which is approximately -1.23% of the company’s market cap and around 1.55% of the total institutional ownership; CAPITAL RESEARCH GLOBAL INVESTORS, holding 30,882,260 shares of the stock with an approximate value of $17.05 billion in NFLX stocks shares; and BLACKROCK INC., currently with $16.02 billion in NFLX stock with ownership of nearly -0.511% of the company’s market capitalization.

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Positions in Netflix Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 907 institutional holders increased their position in Netflix Inc. [NASDAQ:NFLX] by around 18,672,055 shares. Additionally, 712 investors decreased positions by around 23,626,818 shares, while 237 investors held positions by with 309,522,884 shares. The mentioned changes placed institutional holdings at 351,821,757 shares, according to the latest SEC report filing. NFLX stock had 206 new institutional investments in for a total of 6,771,112 shares, while 115 institutional investors sold positions of 2,994,372 shares during the same period.

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