Netflix (NASDAQ:NFLX - Get Free Report) had its price target decreased by investment analysts at Wells Fargo & Company from $1,560.00 to $1,510.00 in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm presently has an "overweight" rating on the Internet television network's stock. Wells Fargo & Company's price target suggests a potential upside of 33.00% from the company's previous close.
NFLX has been the topic of a number of other research reports. Citigroup reissued a "neutral" rating and set a $1,295.00 price target (up previously from $1,280.00) on shares of Netflix in a research note on Friday, October 3rd. Phillip Securities lowered Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. KeyCorp increased their price target on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Cowen reissued a "buy" rating on shares of Netflix in a research note on Tuesday, October 7th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,344.34.
Read Our Latest Report on NFLX
Netflix Price Performance
NFLX stock traded down $106.02 on Wednesday, reaching $1,135.33. The company had a trading volume of 2,821,901 shares, compared to its average volume of 3,899,614. Netflix has a 1 year low of $744.26 and a 1 year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company's fifty day moving average is $1,214.20 and its 200 day moving average is $1,182.49. The company has a market cap of $482.43 billion, a P/E ratio of 48.39, a PEG ratio of 2.08 and a beta of 1.59.
Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.88 by ($1.01). Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.51 billion during the quarter, compared to analysts' expectations of $11.52 billion. During the same period in the previous year, the company posted $5.40 EPS. Netflix's quarterly revenue was up 17.2% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, research analysts forecast that Netflix will post 24.58 earnings per share for the current year.
Insider Buying and Selling at Netflix
In related news, insider Cletus R. Willems sold 238 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,327,734.41. This represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by company insiders.
Institutional Trading of Netflix
Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Netflix by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 38,379,084 shares of the Internet television network's stock valued at $51,394,583,000 after purchasing an additional 381,824 shares in the last quarter. State Street Corp increased its holdings in Netflix by 2.1% in the 2nd quarter. State Street Corp now owns 17,444,013 shares of the Internet television network's stock valued at $23,359,801,000 after purchasing an additional 360,604 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock valued at $10,940,505,000 after purchasing an additional 304,399 shares in the last quarter. Geode Capital Management LLC increased its holdings in Netflix by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 9,926,733 shares of the Internet television network's stock valued at $13,234,278,000 after purchasing an additional 229,182 shares in the last quarter. Finally, Norges Bank acquired a new stake in Netflix in the 2nd quarter valued at $7,929,645,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Netflix Company Profile
(
Get Free Report)
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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