Netflix Inc (NASDAQ: NFLX) is expected to release sales of $6.60B for this financial quarter by the brokerages of Wall Street on the 19th of January. Last year, the company had reported $5.47B sales for this quarter. Indicating a 20.7% annualized rate of growth.
On Friday, the firm started from $540.73 with the market cap being $238.89B. Their lowest in 52 weeks is $290.25 while the highest is $575.37. Their current, quick, and leverage ratio is 1.24, 1.24, and 1.50. Their 50 day rolling average is $290.25 while 200 days is $575.37.
According to the 20th October report, the company had a quarterly EPS earnings of $1.74 that missed the $2.13 consensus estimate by $0.39. Their net margin was 11.78% with 31.48% equity return. Their revenue was $6.44B that surpassed the $6.38B estimate.
Stock Market Proceedings Of NFLX Stock
Wedbush reassigned the rating of ‘underperform’ to Netflix stock and increased the price objective to $235 from $220. Canaccord Genuity raised the price objective to $630 from $550 and gave a rating of ‘buy’. Wells Fargo and Company lifted it to $510 from $470 and gave a rating of ‘equal weight’. Guggenheim promoted it to $570 from $530 and gave a rating of ‘buy’. Bank of America increased it to $670 from $575 and gave a rating of ‘buy’. The company has the average ‘hold’ recommendation with a $533.43 price objective.
Stumpf Cap. Management acquired a new stake in NFLX stock, owning shares worth $25,000. JJJ Advisors increased their stake by 168.4% and own $26,000 worth of shares. Newfound Research purchased a new position priced at $31,000. Manchester Cap. Management raised its stake by nearly 1,525% and own $33,000 worth of shares. Jeppson Management purchased a new position priced at $33,000. Institutional investors own 76.10% of NFLX stock.
