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Netflix stock has undergone multiple analysts rating changes in the recent past.  Netflix stock Target Raised by Truist Securities – 0 stars on 10/12/2021. In a note to investors, the firm issued a new target price of $690.00. The analysts previously had $600.00 target price. Truist Securities – 0 stars’s price target would indicate a potential upside of 10.04% from the stock’s previous close.

Shares of Netflix traded up $4.14 on monday, reaching $631.18. 897490 shares of the stock traded hands, compared to its average volume of 4003266. On monday, Shares of Netflix closed at $631.18. The firm’s 50 day moving average is $570.01 and its 200 day moving average is $533.96.Netflix  has a 12 month low of $463.41 and a 12 month high of $646.84. While on yearly highs and lows, Netflix today has traded high as $637.66 and has touched $626.02 on the downward trend.

Netflix Earnings and What to expect: 

Netflix last released its quarterly earnings data on July 19th, 2021. The Internet television network reported $2.97 EPS for the quarter, missing the consensus estimate of $3.16 by $0.19. The business had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.32 billion. Its quarterly revenue was up 19.4% on a year-over-year basis. Netflix has generated $6.08 earnings per share over the last year ($9.65 diluted earnings per share) and currently has a price-to-earnings ratio of 65.0. Earnings for Netflix are expected to grow by 22.25% in the coming year, from $10.38 to $12.69 per share. Netflix has confirmed that its next quarterly earnings report will be published on Tuesday, October 19th, 2021. Netflix will be holding an earnings conference call on Tuesday, October 19th at 6:00 PM Eastern. Interested parties can .

Earnings for Netflix are expected to grow by 22.25% in the coming year, from $10.38 to $12.69 per share. The P/E ratio of Netflix is 64.98, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.29. The P/E ratio of Netflix is 64.98, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 20.36. Netflix has a PEG Ratio of 1.88. PEG Ratios above 1 indicate that a company could be overvalued. Netflix has a P/B Ratio of 25.10. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Netflix (NASDAQ:NFLX) Moving Average Technical Analysis

5 day Moving Average is $$633.09 And 5 day price change is $23.69 (3.93%)  with average volume for 5 day average is 4,761,160. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $601.46 and 20 day price change is $37.75 (6.41%) and average 20 day moving volume is 3,975,595. 50 day moving average is $570.01  and 50 day price change is $109.47 ( 21.15%)  and with average volume for 50 days is : 3,399,550. 200 day moving average is $533.96  and 200 day price change is $112.56 (21.88%)  and with average volume for 200 days is : 4,058,618.

Other owners latest trading in Netflix :

  • On 10/12/2021 shares held by First Hawaiian Bank were 4,071 which equates to market value of $2.48M and appx 0.10% owners of Netflix
  • On 10/8/2021 shares held by Rede Wealth LLC were 2,033 which equates to market value of $1.24M and appx 0.70% owners of Netflix
  • On 10/8/2021 shares held by Oak Harvest Investment Services were 8,782 which equates to market value of $5.36M and appx 1.60% owners of Netflix
  • In total Institutional ownership equates to Institutional Ownership Percentage: 79.51% for Netflix

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