Netflix rose 3.1% during the afternoon session to $297.13 per share. As reported by Wall Street Journal: "More than 100 million viewers use borrowed passwords to watch content on the streaming giant. Putting a stop to the practice without alienating customers will be a challenge." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
Netflix, Inc. provides entertainment services. The company belongs to the Communication Services sector, which has an average price to earnings (P/E) ratio of 18.65 and an average price to book (P/B) ratio of 2.62. In contrast, Netflix has a trailing 12 month P/E ratio of 36.0 and a P/B ratio of 10.2.
At today's price of $297.13 per share, Netflix is 6.51% away from its target price of $278.97, and on average, analysts give the stock a rating of buy. 2.2% of the company's shares are linked to short positions, and 77.8% of the shares are owned by institutional investors.
