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Netflix
NFLX

$686.12
1.12%
 

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 almost 250 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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 63 analysts
0
News positive %
of 104 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

125% more first-time investments, than exits

New positions opened: 324 | Existing positions closed: 144

24% more funds holding in top 10

Funds holding in top 10: 78 [Q4 2023] → 97 (+19) [Q1 2024]

23% more capital invested

Capital invested by funds: $171B [Q4 2023] → $209B (+$38.4B) [Q1 2024]

12% more repeat investments, than reductions

Existing positions increased: 933 | Existing positions reduced: 836

8% more funds holding

Funds holding: 2,227 [Q4 2023] → 2,407 (+180) [Q1 2024]

0.22% less ownership

Funds ownership: 80.01% [Q4 2023] → 79.79% (-0.22%) [Q1 2024]

24% less call options, than puts

Call options by funds: $11.4B | Put options by funds: $15B

Research analyst outlook

63 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$425
38%
downside
Avg. target
$624
9%
downside
High target
$800
17%
upside

63 analyst ratings

44 positive
70%
16 neutral
25%
negative
5%
Loop Capital
Alan Gould
9%upside
$750
Buy
Maintained
18 Jun 2024
Needham
Laura Martin
2%upside
$700
Buy
Reiterated
17 Jun 2024
Keybanc
Justin Patterson
3%upside
$707
Overweight
Maintained
13 Jun 2024
Evercore ISI Group
Mark Mahaney
2%upside
$700
Outperform
Maintained
28 May 2024
Wedbush
Michael Pachter
6%upside
$725
Outperform
Reiterated
20 May 2024

Financial journalist opinion

Based on 104 articles about NFLX published over the past 30 days