Netflix (NASDAQ:NFLX) Receives "Buy" Rating from Needham & Company LLC

Key Points

• Needham & Company LLC has restated its "buy" rating on Netflix (NASDAQ:NFLX) with a target price of $1,500.00, suggesting a potential upside of 19.35% from the previous close.
• The stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,317.58, with varying ratings from other analysts, including a recent downgrade to "strong sell" by Phillip Securities.
• Netflix reported $7.19 earnings per share for its latest quarter, beating estimates, and signifying a revenue increase of 15.9% compared to the same quarter last year.

Needham & Company LLC restated their buy rating on shares of Netflix (NASDAQ:NFLX - Free Report) in a research note released on Wednesday,Benzinga reports. The brokerage currently has a $1,500.00 price target on the Internet television network's stock.

A number of other equities analysts also recently weighed in on NFLX. Jefferies Financial Group reaffirmed a "buy" rating on shares of Netflix in a research note on Tuesday, August 12th. Canaccord Genuity Group reissued a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Zacks Research downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. UBS Group reissued a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Finally, Evercore ISI reissued an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,317.58.

Netflix Trading Down 1.3%

NFLX stock traded down $15.06 during trading on Wednesday, reaching $1,188.44. The company had a trading volume of 3,778,934 shares, compared to its average volume of 2,525,736. Netflix has a 52 week low of $677.88 and a 52 week high of $1,341.15. The company has a market cap of $505.00 billion, a P/E ratio of 50.64, a PEG ratio of 2.03 and a beta of 1.60. The business has a 50 day moving average of $1,218.15 and a 200 day moving average of $1,131.45. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the firm earned $4.88 earnings per share. The business's revenue for the quarter 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. As a group, sell-side analysts forecast that Netflix will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider David A. Hyman sold 424 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the sale, the insider owned 31,610 shares in the company, valued at approximately $36,625,558.70. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,457,842.16. This represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,348 shares of company stock valued at $109,498,489 in the last ninety days. Corporate insiders own 1.37% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Cambridge Financial Group LLC boosted its stake in shares of Netflix by 7.4% during the 2nd quarter. Cambridge Financial Group LLC now owns 261 shares of the Internet television network's stock worth $350,000 after acquiring an additional 18 shares during the last quarter. NWF Advisory Services Inc. boosted its stake in shares of Netflix by 5.2% during the 2nd quarter. NWF Advisory Services Inc. now owns 1,997 shares of the Internet television network's stock worth $2,674,000 after acquiring an additional 99 shares during the last quarter. American Trust bought a new stake in shares of Netflix during the 2nd quarter valued at $2,078,000. FSC Wealth Advisors LLC purchased a new position in shares of Netflix during the 2nd quarter valued at $54,000. Finally, Total Investment Management Inc. purchased a new position in shares of Netflix during the 2nd quarter valued at $216,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

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.