![]() Over the years, the company has gone through two rounds of stock splits: a 2. ![]() His purchases this week only add to those holdings, except that unlike shares he is granted as part of his annual compensation, he is putting his money where his mouth is. Netflix went public at 15 per share back in 2002, so your 10,000 would have netted you around 666 shares at its IPO. Hastings is already one of the company’s biggest shareholders, owning about 8 million shares in the company. This situation potentially sets the stage for a short-term reversal. Shares of streaming powerhouse Netflix ( NFLX -0.05) got pummeled in afternoon trading Tuesday, falling 5.3 on a one-two-three punch of bad news from Wall Street. “Many of our best investments have emerged when other investors whose time horizons are short term, discard great companies at prices that look extraordinarily attractive when one has a long-term horizon,” Ackman wrote in a letter to shareholders. What are analysts forecasts for Netflix stock The 97 analysts offering price forecasts for Netflix have a median target of 397.36, with a high estimate of 600. NFLX to Maintain Short-Term Range Bound Between 420 /480 Analysis of Netflix (NFLX) Stock NFLX appears to face a formidable resistance hurdle at 480, making it challenging for the stock to maintain levels above this threshold in the short term. Earlier this month Netflix stock traded at over $612 per share, but as of end of day Friday it was trading at just over $384.īut Hastings was not the only buyer: The veteran hedge fund executive Bill Ackman said on Wednesday that he had purchased more than $1 billion in Netflix shares, arguing that the sell-off made the company a good deal. 21 after the company projected weaker subscriber growth going forward, causing a number of analysts to downgrade the company or take a more skeptical look at the streaming business. Following these announcements, Netflixs stock price fell by 35 percent. These include Vanguard, Capital Research and Management, BlackRock, and Fidelity.Netflix stock fell since Jan. Institutional investors hold a majority ownership of Netflix, controlling 82.4% of its outstanding shares. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Market capitalization of Netflix (NFLX) Market cap: 199.21 Billion As of December 2023 Netflix has a market cap of 199.21 Billion.This makes Netflix the worlds 49th most valuable company by market cap according to our data. From the current 2024 consensus EPS of 15.84, assuming Netflix can beat that figure by 10 towards 17. The company is part of ‘FAANG’, an acronym used in finance technology that refers to the stocks of the Big Five companies in the US information technology industry: Facebook, Amazon, Apple, Netflix, and Google. ![]() As of 2021, the company has a market cap of US$294.5 billion. went public on the NASDAQ exchange in May 2002, trading under the ticker 'NFLX'. In another report released on November 21, CFRA also downgraded the stock to a Buy with a 0.00 price target. In 2021, it has over 9,400 employees and 14 office locations across 10 countries spanning North America, Europe, and Asia. is headquartered in Los Gatos, California. The company's second largest market is EMEA which accounts for 31% of its revenue, followed by Latin America at 12.5%, and Asia Pacific (excluding mainland China due to local restrictions) at 9.5%. Nearly half of Netflix, Inc.'s revenue is generated in North America, its largest market. It also hosts original, in-house productions which make up 40% of its media library, and it plays a prominent role in independent film distribution. Unlike previous price increases, Netflix raised prices for all subscribers at once. The Standard and Premium subscription plans received 2 price increases, to 12.99 and 15.99 respectively. The company is most known for its large media library of movies and television series available on demand. In May, Netflix Basic subscribers found out that they’d have to begin paying one dollar more for the service, from 7.99 to 8.99. In 2007, it rolled out its video streaming service, and it has 209 million subscribers worldwide in 2021. The firm originated as a DVD-rental service before becoming a mail order service. Netflix was conceived in 1997 by current CEO Reed Hastings, and Marc Randolph. However, Netflixs stock plummeted to a multiyear low of 164.28 on June 14, 2022, as its growth decelerated, it lost subscribers for the first. It provides subscription services for the streaming of movies and television series on demand, on TVs, computers, tablets, and other Internet-connected devices. is an American streaming entertainment service company.
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