Netflix Has $27 Billion Left to Buy Back Its Own Stock -- About 8% of the Whole Company
The streaming giant just bought back more stock in a single quarter than ever before. But is that a reason to own it?
Netflix (NASDAQ:NFLX) has set aside a substantial $27.1 billion for future stock buybacks, representing approximately 8% of the company's total market capitalization of $326 billion. This record $4.7 billion in share repurchases during the second quarter demonstrates the streaming giant's commitment to returning value to shareholders.
However, the magnitude of this buyback authorization must be evaluated in context, considering the pace at which the share count is being reduced, the sustainability of this trend, and the potential benefits for shareholders.
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