NetflixNFLX
About: Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 280 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
Employees: 13,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
62% more first-time investments, than exits
New positions opened: 252 | Existing positions closed: 156
18% more repeat investments, than reductions
Existing positions increased: 1,093 | Existing positions reduced: 927
5% more funds holding in top 10
Funds holding in top 10: 104 [Q2] → 109 (+5) [Q3]
4% more funds holding
Funds holding: 2,582 [Q2] → 2,678 (+96) [Q3]
1% more capital invested
Capital invested by funds: $242B [Q2] → $245B (+$2.55B) [Q3]
1.43% less ownership
Funds ownership: 83.43% [Q2] → 82.01% (-1.43%) [Q3]
33% less call options, than puts
Call options by funds: $11B | Put options by funds: $16.2B
Research analyst outlook
41 Wall Street Analysts provided 1 year price targets over the past 3 months
41 analyst ratings
Citigroup Jason Bazinet 78% 1-year accuracy 14 / 18 met price target | 0%upside $920 | Neutral Maintained | 5 Dec 2024 |
Canaccord Genuity Maria Ripps 70% 1-year accuracy 14 / 20 met price target | 2%upside $940 | Hold Maintained | 2 Dec 2024 |
Evercore ISI Group Mark Mahaney 73% 1-year accuracy 24 / 33 met price target | 4%upside $950 | Outperform Maintained | 2 Dec 2024 |
B of A Securities Jessica Reif Ehrlich 100% 1-year accuracy 7 / 7 met price target | 9%upside $1,000 | Buy Maintained | 21 Nov 2024 |
Pivotal Research Jeffrey Wlodarczak 74% 1-year accuracy 14 / 19 met price target | 20%upside $1,100 | Buy Maintained | 20 Nov 2024 |
Financial journalist opinion
Based on 89 articles about NFLX published over the past 30 days
