After this afternoon's 1.0% surge to $451.38 per share, Netflix might just keep moving past its target price of $430.88. With an average analyst rating of buy, and target prices from $310.37 to $555.88, the stock's next move is anyone's guess.
Netflix's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.3%. The stock's short ratio is 1.58. The company's insiders own 1.35% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 83.9%. In conclusion, we believe there is positive market sentiment regarding Netflix.
Institutions Invested in Netflix
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 8% | 36,260,284 | $16,366,985,690 |
| 2023-09-30 | Blackrock Inc. | 7% | 29,970,188 | $13,527,793,608 |
| 2023-09-30 | FMR, LLC | 5% | 22,384,548 | $10,103,825,353 |
| 2023-09-30 | State Street Corporation | 4% | 16,277,017 | $7,347,038,548 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 3% | 12,330,949 | $5,565,882,104 |
| 2023-09-30 | Capital World Investors | 3% | 11,666,316 | $5,265,883,384 |
| 2023-09-30 | Capital Research Global Investors | 2% | 10,661,467 | $4,812,319,667 |
| 2023-09-30 | JP Morgan Chase & Company | 2% | 9,515,361 | $4,294,996,071 |
| 2023-09-30 | Capital International Investors | 2% | 9,064,605 | $4,091,536,081 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 8,538,227 | $3,853,942,212 |
