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

Key Points

• Netflix, Inc. has received a consensus recommendation of "Moderate Buy" from 39 analysts, with 26 analysts rating it as a buy and two as a strong buy.
• The average 12-month target price for Netflix's stock among analysts is $1,337.63, indicating positive outlook despite mixed ratings from various brokerage firms.
• CEO Gregory K. Peters and COO Theodore A. Sarandos both sold shares in early August, reflecting a significant decrease in their positions as insiders sold a total of 104,100 shares worth approximately $122.7 million in the last 90 days.

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the thirty-nine analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, twenty-six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $1,337.6250.

Several research firms have recently issued reports on NFLX. Itau BBA Securities initiated coverage on shares of Netflix in a report on Tuesday. They set an "outperform" rating and a $1,514.00 target price for the company. BMO Capital Markets reissued an "outperform" rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Barclays reissued a "sell" rating and set a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Phillip Securities downgraded shares of Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Finally, UBS Group set a $1,425.00 price target on shares of Netflix in a research report on Tuesday.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of Netflix 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 value of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the sale, the chief executive officer directly owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock worth $122,710,980 in the last 90 days. Insiders own 1.37% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Optima Capital LLC increased its holdings in shares of Netflix by 3.5% in the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network's stock worth $320,000 after buying an additional 8 shares during the last quarter. Unified Investment Management increased its holdings in shares of Netflix by 1.7% in the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network's stock worth $635,000 after buying an additional 8 shares during the last quarter. Plancorp LLC increased its holdings in shares of Netflix by 0.6% in the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network's stock worth $1,711,000 after buying an additional 8 shares during the last quarter. Five Oceans Advisors increased its holdings in shares of Netflix by 1.1% in the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network's stock worth $1,006,000 after buying an additional 8 shares during the last quarter. Finally, Old Port Advisors increased its holdings in shares of Netflix by 1.3% in the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network's stock worth $836,000 after buying an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Price Performance

NFLX stock opened at $1,220.08 on Friday. The firm has a 50 day moving average price of $1,210.84 and a 200-day moving average price of $1,167.10. Netflix has a 52-week low of $677.88 and a 52-week high of $1,341.15. The firm has a market capitalization of $518.45 billion, a price-to-earnings ratio of 51.98, a PEG ratio of 2.07 and a beta of 1.59. 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 (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the business earned $4.88 earnings per share. The business's revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts forecast that Netflix will post 24.58 EPS for the current fiscal year.

Netflix Company Profile

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.