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21 Oct 2020

Netflix Stock History, Everything you need to know strapi

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Netflix Inc- Background and Overview

Netlfix Inc is an American entertainment streaming service corporation, operating in the Over-The-Top (OTT) space as well as the film production/distribution space.
Netflix is the undisputed market leader in the entertainment space, with over 195 million paid memberships across 190+ countries. Members can watch content on Netflix through a PC or a smartphone and users have access to a variety of shows, movies, and documentaries across many languages (some specific to a country of operation).
Netflix was founded in 1997 by Marc Randolph and Reed Hastings and operated initially by selling and renting out DVDs via mail, through their online website for a flat fee. Netflix at the time had a wide collection of movies in the form of DVDs and the number of DVDs customers could rent would be capped at a certain number.
Eventually, the company in 2007 kicked off its subscription-based streaming service, which offered customers an option to stream movies and tv shows over the internet from the comfort of their homes. Additionally, Netflix slowly expanded its streaming functionality to Blu-Ray DVD players and gaming consoles, also through which customers could stream content.
Netflix now is a company with one of the biggest market capitalization and has a net worth of $234.09B as of October 2020.

NFLX stock NASDAQ-

Netflix has reported a net earnings of $790 million during Q3, a slight growth as compared to the same period last year, with revenue increasing to $6.44 Billion from $5.25 billion year-on-year. However, the number of subscribers has reduced during 2020, adding just 2.2 million new subscribers this year as compared to 6.8 million new subscribers last year. However, Netflix has actually capitalized on the lockdown driven trends as a result of the COVID-19 pandemic, aiding the stocks soar by over 50% year-to-date. Netflix also adds that the American market may have reached a saturation point but the global market continues to bolster its steady growth to remain the market leader in this sector.

Netflix is one of the only companies that fall under the FAANG stocks bracket, a category of some of the biggest and best-performing technology company stocks that are sought after by safe investors. Netflix as well as other FAANG stocks are a popular choice among many casual, risk-averse investors looking for stable returns.
At the time of writing the article, the stock price today of Netflix stock NASDAQ- is 492.98. Netflix went public in 2002, selling 5.5 million shares during its IPO at a price of $15 per share. An investment of $990 during Netflix’s IPO would be worth $340,956 as of 2020.

NFLX premarket trade price- Netflix opened its premarket with a price of $501.50 at the time of writing this article, seeing a hefty reduction in price thereafter.

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Netflix stock history-

Netflix stock history, from the perspective of Year-To-Date statistics, has actually performed well despite the onset of the pandemic with the price going up from $329.81 to $492.70, increasing by over 50%. Over the past 5 years, however, the stock prices have significantly increased from $100 in 2015 to $492 in 2020, seeing a multifold growth.

Stock split history- Netflix Inc has a stock split history of 2 splits so far, once in 2004 and once in 2015. The 2004 stock split was a 2-for-1 split while the 2015 one was a 7-for-1 stock split, meaning a shareholder with one share before the initial stock split would be the holder of 14 shares now.

How to Invest in Netflix Stocks-

With a stock futures forecast (1-year average price target) of $570, Netflix stocks are a popular choice among investors betting on blue-chip companies. With that, it brings us to the next question- How to invest in Netflix stocks?
Netflix stocks can be bought from any online stockbroker. It would just require investors to open a trading account with a broker, load funds in the account, and buy shares of your choice.

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This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended be advice. You must obtain professional advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax, investment or other professional advice from North Loop or its affiliates. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. All opinions expressed do not reflect the views of North Loop nor are endorsed by North Loop.