Netflix, Inc. (NASDAQ:NFLX) Stock Has Average Target Price of $95.51 According to Analysts

Key Points

• Analyst sentiment is moderately positive: Netflix has a consensus “Moderate Buy” rating from 55 analysts, with 33 buys, four strong buys, 16 holds and two sells. The average 12-month price target is $95.51.
• Shares remain below recent highs: NFLX opened at $71.14, compared with a 52-week range of $65.08 to $124.86, while its 50-day and 200-day moving averages stood at $75.72 and $83.20, respectively.
• Growth initiatives support the outlook, but insiders have sold: Netflix’s ad-supported plan has reached roughly 14 million UK viewers, and a planned Tyson Fury–Anthony Joshua fight could boost sign-ups and advertising revenue. Meanwhile, insiders sold about $13.1 million of stock over the past 90 days.

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fifty-five analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-three have given a buy rating and four have assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $95.51.

Several equities research analysts have commented on NFLX shares. China Renaissance dropped their price target on shares of Netflix from $100.00 to $80.00 and set a "hold" rating on the stock in a research report on Friday, July 17th. Wolfe Research restated an "outperform" rating and set a $95.00 price objective (up from $84.00) on shares of Netflix in a research report on Tuesday, August 25th. Piper Sandler reaffirmed an "overweight" rating and issued a $85.00 price objective (down from $115.00) on shares of Netflix in a research note on Friday, July 17th. Robert W. Baird set a $90.00 target price on shares of Netflix and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. Finally, Evercore reiterated an "outperform" rating and issued a $110.00 target price (up from $100.00) on shares of Netflix in a report on Monday, September 14th.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix’s UK expansion has helped its ad-supported plan reach roughly 14 million viewers, supporting the company’s advertising-growth strategy. Netflix Stock Rises on UK Push
• Positive Sentiment: An upcoming Tyson Fury–Anthony Joshua heavyweight fight scheduled for December 11 gives Netflix a potentially valuable live-sports event and could drive sign-ups, viewing and advertising revenue. Fury vs Joshua Fight Announcement
• Positive Sentiment: Some investors remain constructive after the selloff. Short Hills Capital’s Steve Weiss reportedly bought back into Netflix following the Wells Fargo downgrade, while Jim Cramer continues to emphasize the company’s scale, content diversification and long-term fundamentals. Investor Buys Netflix After Selloff

Netflix Stock Down 0.8%

Shares of NFLX stock opened at $71.14 on Friday. Netflix has a 1 year low of $65.08 and a 1 year high of $124.86. The stock has a market cap of $296.22 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.01 and a beta of 1.53. The business's fifty day moving average is $75.72 and its 200-day moving average is $83.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The company had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. During the same quarter in the previous year, the business earned $0.72 EPS. The company's quarterly revenue was up 13.4% compared to the same quarter last year. Equities analysts expect that Netflix will post 3.59 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, Director Richard Barton sold 2,160 shares of Netflix stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $75.10, for a total value of $162,216.00. Following the transaction, the director owned 246 shares in the company, valued at approximately $18,474.60. The trade was a 89.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Peters sold 27,312 shares of the company's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $73.54, for a total value of $2,008,524.48. Following the completion of the transaction, the chief executive officer directly owned 120,931 shares in the company, valued at $8,893,265.74. This represents a 18.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 179,045 shares of company stock valued at $13,132,194 in the last 90 days. 1.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Netflix

A number of institutional investors and hedge funds have recently modified their holdings of NFLX. American Capital Advisory LLC raised its holdings in shares of Netflix by 0.8% during the first quarter. American Capital Advisory LLC now owns 13,990 shares of the Internet television network's stock worth $1,345,000 after acquiring an additional 109 shares during the period. CWS Financial Advisors LLC boosted its stake in Netflix by 3.2% in the 1st quarter. CWS Financial Advisors LLC now owns 3,612 shares of the Internet television network's stock worth $347,000 after purchasing an additional 112 shares during the period. Warner Group LLC increased its holdings in Netflix by 2.2% during the 1st quarter. Warner Group LLC now owns 5,230 shares of the Internet television network's stock worth $503,000 after purchasing an additional 114 shares in the last quarter. Financial Avengers Inc. increased its holdings in Netflix by 9.8% during the 1st quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network's stock worth $124,000 after purchasing an additional 115 shares in the last quarter. Finally, PAX Financial Group LLC raised its stake in shares of Netflix by 2.5% in the 1st quarter. PAX Financial Group LLC now owns 4,847 shares of the Internet television network's stock valued at $466,000 after purchasing an additional 116 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

About Netflix

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.

Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.

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