Stock Split Watch: Is Netflix Next?
Media-streaming veteran (NASDAQ: NFLX) has split its stock twice. The last split was a dramatic 7-for-1 affair in 2015. With share prices heading upward again, Netflix stock is back to a lofty $436 per share. Is it time for another stock split in Los Gatos, California?
This wouldn't be Netflix's first stock-splitting rodeo. The company executed a 2-for-1 split on Feb. 12, 2004. A more impactful split followed on July 14, 2015. That time, each Netflix share was split into seven stubs.
The splits didn't change Netflix's market value, of course. Likewise, they didn't affect the value of an investor's shares. A stock split simply redistributes the same market value among a different number of shares. As an example, let's imagine buying 100 Netflix shares just before the first stock split and follow them through the years:
Source Fool.com
Netflix Inc. Stock
Currently there is a rather positive sentiment for Netflix Inc. with 81 Buy predictions and 9 Sell predictions.
At the moment Netflix Inc. has reached the predicted target price of 597 €, with a current price of 596.1 €.
