Netflix (NASDAQ:NFLX) Rating Increased to Buy at Loop Capital

Key Points

• Loop Capital has upgraded Netflix's rating from "hold" to "buy" with a new price target of $1,350.00, representing a potential upside of 12.45% from its previous close.
• As of the latest reports, Netflix has a consensus rating of "Moderate Buy" with an average price target of $1,328.87, reflecting strong support from analysts despite some mixed ratings.
• Insider trading saw significant sales, with Director Reed Hastings selling nearly 26,000 shares, indicating a potential shift in personal investment strategy among key company executives.

Netflix (NASDAQ:NFLX - Get Free Report) was upgraded by stock analysts at Loop Capital from a "hold" rating to a "buy" rating in a research report issued on Wednesday, MarketBeat.com reports. The firm presently has a $1,350.00 price target on the Internet television network's stock, up from their prior price target of $1,150.00. Loop Capital's price target suggests a potential upside of 12.45% from the company's previous close.

Several other research analysts have also recently issued reports on NFLX. Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. Rosenblatt Securities increased their target price on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Zacks Research cut shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Sanford C. Bernstein increased their target price on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $1,500.00 target price on shares of Netflix in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,328.87.

Netflix Trading Down 0.1%

NFLX stock opened at $1,200.51 on Wednesday. The company has a market capitalization of $510.13 billion, a PE ratio of 51.15, a P/E/G ratio of 2.02 and a beta of 1.60. Netflix has a 12 month low of $677.88 and a 12 month high of $1,341.15. The firm's 50-day moving average is $1,214.91 and its 200 day moving average is $1,135.62. 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 posted its quarterly earnings results 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 company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the firm posted $4.88 EPS. The firm's revenue 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. On average, research analysts anticipate that Netflix will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the completion of the sale, the director directly owned 394 shares in the company, valued at approximately $475,837.74. The trade was a 98.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,457,842.16. The trade was a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,348 shares of company stock worth $109,498,489. Corporate insiders own 1.37% of the company's stock.

Institutional Trading of Netflix

Several institutional investors and hedge funds have recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Netflix by 100.0% during 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 purchased a new position in shares of Netflix during the 4th quarter valued at approximately $27,000. Legacy Investment Solutions LLC purchased a new position in shares of Netflix during the 2nd quarter valued at approximately $31,000. Stephens Consulting LLC increased its holdings in shares of Netflix by 150.0% during 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 during the 2nd quarter valued at approximately $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.