Netflix, Inc. (NASDAQ:NFLX) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Netflix, Inc. has received a consensus rating of "Moderate Buy" from 36 analysts, with 22 recommending a buy, 10 a hold, and 3 a sell.
• The average twelve-month price target for Netflix shares is $1,297.66, with some analysts like JPMorgan and Goldman Sachs adjusting their price targets to $1,300 and $1,140 respectively.
• In its latest quarterly earnings, Netflix reported $7.19 EPS, surpassing estimates and showing a 15.9% increase in revenue year-over-year.

Shares of Netflix, Inc. (NASDAQ:NFLX - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirty-six analysts that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, twenty-two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $1,297.6563.

Several equities analysts have recently commented on NFLX shares. JPMorgan Chase & Co. upped their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. The Goldman Sachs Group increased their target price on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a report on Tuesday, August 12th. Robert W. Baird increased their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, TD Cowen increased their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a report on Friday, July 18th.

Netflix Stock Performance

Shares of NFLX stock opened at $1,206.21 on Friday. The firm's 50 day moving average price is $1,231.56 and its 200-day moving average price is $1,108.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix has a one year low of $660.80 and a one year high of $1,341.15. The firm has a market cap of $512.55 billion, a P/E ratio of 51.39, a P/E/G ratio of 2.04 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the business posted $4.88 EPS. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities research analysts predict that Netflix will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Cletus R. Willems sold 238 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. Insiders sold 146,307 shares of company stock worth $179,443,809 over the last 90 days. 1.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Netflix

Hedge funds and other institutional investors have recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC raised its holdings in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix in the 4th quarter valued at $27,000. Legacy Investment Solutions LLC acquired a new stake in shares of Netflix in the 2nd quarter valued at $31,000. Stephens Consulting LLC raised its holdings in shares of Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock valued at $33,000 after purchasing an additional 15 shares in the last quarter. Finally, Rossby Financial LCC purchased a new position in shares of Netflix in the 2nd quarter valued at $35,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.