8/21/2023 0 Comments Netflix stock price before split![]() In particular, the slowing growth in the key international segment could challenge Netflix's relatively high valuation, especially since the stock sports a triple-digit price-to-earnings ratio because of investor perceptions of strong growth prospects. For instance, the stock fell 12% in April, following a quarterly report that included sluggish guidance for the second quarter, and relatively small numbers of new subscribers. The streaming media giant's shares surged during the buying frenzy in growth stocks and closed at an all-time high. Part of the reason why Netflix stock hasn't performed well after its 2015 split is that it hasn't been able to live up to investor expectations. Netflix (NFLX-0.66) has taken investors on a wild ride over the past two years. ![]() Hastings was reported as saying that the reduction in Netflix's share price would increase access to shareholders, making it easier for investors to buy shares of the company. The company added 3.28 million subscribers in the second quarter alone - more than double its total subscriber count from 2004.Īlthough net income for the quarter was fairly low, at $26 million, previous quarters had seen bottom-line figures of as much as $83 million. Having added the streaming video service, Netflix boasted 65 million members worldwide in the second quarter of the year, with 42 million domestic subscribers, and 23 million international customers. As CEO Reed Hastings noted at the time, the split "reflects the strong organic and sustained growth of the Netflix model," and he predicted further growth and sustained momentum in subsequent years.įast-forward to 2015, and Netflix looked a lot different. Apple split its stock a year ago, and has been up more than 35 since the split. Churn had fallen below the 5% mark to reach record lows, and the company had just reported net income of $2.3 million. The latest closing stock price for Netflix as of is 395.23. The company was in hyper-growth mode, bringing in 444,000 new trial subscribers in the fourth quarter of 2003, to bring its total subscriber count to just shy of 1.49 million. Stock Splits Market Cap Historical daily share price chart and data for Netflix since 2023 adjusted for splits. Why Netflix split its sharesīack in 2004 when Netflix first split its stock, the business looked a lot different than it does now. Once more, in the time since the 7-for-1 2015 split was completed, Netflix stock hasn't made any major moves, falling slightly over the past year. Netflix wasn't as quick to split its shares again, but eventually, the company decided that it made sense to bring its share price back down toward the $100 range. Netflix stock remained stagnant for several years following the 2004 split, but in the rebound from the recession of 2008, the stock climbed from $18 per share to upward of $700 per share by 2015. Between October 2002 and January 2004, the company saw its shares climb by more than 1,500%, and when the stock approached $80 per share, Netflix made the decision to do a traditional 2-for-1 split. Amazon targets three categories of customers - consumers, sellers and website developers.Both of Netflix's stock splits have come following periods of extremely strong stock performance. The company reports revenue under three broad heads'North America, International and AWS, respectively. Artificial Intelligence backed Alexa is helping the company sell products and services. Amazon has also become a household name with its Alexa powered Echo devices. Amazon also enjoys dominant position in the cloud-computing market, particularly in the Infrastructure as a Service space, thanks to Amazon Web Services, which is one of its high-margin generating businesses. ![]() Further, the Whole Foods Market acquisition helped Amazon establish footprint in physical grocery supermarket space. Its online retail business revolves around the Prime program well-supported by the company's massive distribution network. is one of the largest e-commerce providers, with sprawling operations spreading across the globe.
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