Netflix (NFLX)

• Market cap: $389B
• 1 day: 0.78%
• 5 days: -1.61%
• 1 month: 2.85%
• 3 months: 29.67%
• 6 months: 33.87%
• Year to date: 94.03%
• 1 year: 85.80%
• 5 years: 169.83%
• 10 years: 1,789.92%
• Sector: Consumer Discretionary
• Industry: Video Tape Rental

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)

69% more first-time investments, than exits

New positions opened: 253 | Existing positions closed: 150

18% more repeat investments, than reductions

Existing positions increased: 1,095 | Existing positions reduced: 930

6% more funds holding in top 10

Funds holding in top 10: 104 [Q2] → 110 (+6) [Q3]

4% more funds holding

Funds holding: 2,584 [Q2] → 2,687 (+103) [Q3]

1% more capital invested

Capital invested by funds: $242B [Q2] → $245B (+$2.75B) [Q3]

1.36% less ownership

Funds ownership: 83.44% [Q2] → 82.08% (-1.36%) [Q3]

33% less call options, than puts

Call options by funds: $11B | Put options by funds: $16.2B

Research analyst outlook

25 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $550 39% downside
• Avg. target: $851 6% downside
• High target: $1,100 21% upside

25 analyst ratings

• positive: 17 68%
• neutral: 6 24%
• negative: 2 8%

UBS John Hodulik 80% 1-year accuracy 12 / 15 met price target	14% upside $1,040	Buy Maintained	19 Dec 2024
Oppenheimer Jason Helfstein 65% 1-year accuracy 33 / 51 met price target	17% upside $1,065	Outperform Maintained	16 Dec 2024
Loop Capital Alan Gould 84% 1-year accuracy 16 / 19 met price target	5% upside $950	Hold Downgraded	16 Dec 2024
JP Morgan Doug Anmuth 88% 1-year accuracy 37 / 42 met price target	11% upside $1,010	Overweight Maintained	11 Dec 2024
Citigroup Jason Bazinet 68% 1-year accuracy 19 / 28 met price target	1% upside $920	Neutral Maintained	5 Dec 2024