Netflix (NASDAQ:NFLX) Downgraded to Hold Rating by Wall Street Zen

Netflix (NASDAQ:NFLX - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

NFLX has been the topic of several other reports. Wolfe Research set a $1,340.00 target price on Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Wells Fargo & Company raised their target price on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Citigroup restated a "neutral" rating and issued a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Loop Capital restated a "hold" rating on shares of Netflix in a research report on Tuesday, July 15th. Finally, Piper Sandler raised their target price on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average target price of $1,297.66.

Netflix Stock Down 1.9%

NASDAQ:NFLX opened at $1,208.25 on Friday. The firm has a market capitalization of $513.42 billion, a PE ratio of 51.48, a price-to-earnings-growth ratio of 2.07 and a beta of 1.59. The stock has a 50 day moving average of $1,231.11 and a 200-day moving average of $1,117.41. Netflix has a 52 week low of $660.80 and a 52 week high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the company 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. Analysts predict that Netflix will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 424 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares of the company's stock, valued at $36,625,558.70. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Spencer Adam Neumann sold 685 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,161.21, for a total value of $795,428.85. Following the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,286,026.11. This represents a 15.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 123,163 shares of company stock worth $151,917,174. 1.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Netflix

Several large investors have recently modified their holdings of NFLX. Brighton Jones LLC boosted its position in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after buying an additional 257 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after buying an additional 144 shares during the period. BIP Wealth LLC boosted its position in shares of Netflix by 23.8% in the fourth quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock worth $403,000 after buying an additional 87 shares during the period. 4WEALTH Advisors Inc. acquired a new stake in shares of Netflix in the fourth quarter worth $297,000. Finally, AlTi Global Inc. boosted its position in shares of Netflix by 25.6% in the fourth quarter. AlTi Global Inc. now owns 1,600 shares of the Internet television network's stock worth $1,403,000 after buying an additional 326 shares during the period. 80.93% of the stock is owned by institutional investors.

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.

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