Wall Street Analyst Initiated Netflix Inc. [NFLX]. What else is Wall St. saying

Netflix Inc. [NASDAQ: NFLX] gained 1.89% on the last trading session, reaching $315.55 price per share at the time. The company report on December 15, 2022 that Netflix to Announce Fourth Quarter 2022 Financial Results.

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Netflix, Inc. (NASDAQ: NFLX) today announced it will post its fourth quarter 2022 financial results and business outlook on its investor relations website at http://ir.netflix.net on Thursday, January 19, 2023, at approximately 1:00 p.m. Pacific Time. At that time, the company will issue a brief advisory release via newswire containing a link to the fourth quarter 2022 financial results and letter to shareholders on its website.

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. The discussion will be moderated by Jessica Reif Ehrlich, BofA Securities, with questions submitted via email. Questions from investors should be submitted as well in advance as possible for inclusion to jessica.reif@bofa.com.

Netflix Inc. represents 444.88 million in outstanding shares, while the company has a total market value of $137.82 billion with the latest information. NFLX stock price has been found in the range of $303.69 to $316.77.

If compared to the average trading volume of 11.19M shares, NFLX reached a trading volume of 8959839 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $302.81 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 2.40. 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.

New Street have made an estimate for Netflix Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 04, 2023. The new note on the price target was released on December 29, 2022, representing the official price target for Netflix Inc. stock. Previously, the target price had yet another raise from $250 to $310, while Jefferies kept a Hold rating on NFLX stock. On December 09, 2022, analysts increased their price target for NFLX shares from 300 to 400.

The Average True Range (ATR) for Netflix Inc. is set at 12.43, with the Price to Sales ratio for NFLX stock in the period of the last 12 months amounting to 4.38. The Price to Book ratio for the last quarter was 6.84, with the Price to Cash per share for the same quarter was set at 14.00. Price to Free Cash Flow for NFLX in the course of the last twelve months was 192.22 with Quick ratio for the last quarter at 1.10.

Trading performance analysis for NFLX stock

Netflix Inc. [NFLX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.39. With this latest performance, NFLX shares gained by 3.27% in over the last four-week period, additionally plugging by 68.77% over the last 6 months – not to mention a drop of -44.40% 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 60.72, with the RSI for the last a single of trading hit 65.92, and the three-weeks RSI is set at 58.66 for Netflix Inc. [NFLX]. The present Moving Average for the last 50 days of trading for this stock 294.05, while it was recorded at 304.90 for the last single week of trading, and 247.56 for the last 200 days.

Netflix Inc. [NFLX]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Netflix Inc. [NFLX] shares currently have an operating margin of +20.86 and a Gross Margin at +41.64. Netflix Inc.’s Net Margin is presently recorded at +17.23.

Return on Equity for this stock inclined to 38.02, with Return on Assets sitting at 12.20.

Netflix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

Netflix Inc. [NFLX]: An earnings per share (EPS) analysis

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 5.82%.

An analysis of insider ownership at Netflix Inc. [NFLX]

There are presently around $109,127 million, or 80.30% of NFLX stock, in the hands of institutional investors. The top three institutional holders of NFLX stocks are: VANGUARD GROUP INC with ownership of 35,119,551, which is approximately 1.547% of the company’s market cap and around 1.44% of the total institutional ownership; BLACKROCK INC., holding 28,037,016 shares of the stock with an approximate value of $8.85 billion in NFLX stocks shares; and FMR LLC, currently with $6.32 billion in NFLX stock with ownership of nearly 18.786% of the company’s market capitalization.

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 898 institutional holders increased their position in Netflix Inc. [NASDAQ:NFLX] by around 34,968,208 shares. Additionally, 761 investors decreased positions by around 24,531,524 shares, while 192 investors held positions by with 286,332,358 shares. The mentioned changes placed institutional holdings at 345,832,090 shares, according to the latest SEC report filing. NFLX stock had 271 new institutional investments in for a total of 8,044,012 shares, while 151 institutional investors sold positions of 4,397,403 shares during the same period.


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