Netflix, Inc. (NASDAQ:NFLX - Get Free Report) fell 1.4% on Friday . The stock traded as low as $1,245.98 and last traded at $1,240.17. 761,635 shares were traded during mid-day trading, a decline of 81% from the average session volume of 4,033,791 shares. The stock had previously closed at $1,257.48.
Wall Street Analysts Forecast Growth
NFLX has been the topic of several recent research reports. Rosenblatt Securities increased their target price on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Citigroup reiterated a "neutral" rating and issued a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. JPMorgan Chase & Co. upped their price objective on Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. Finally, Wall Street Zen downgraded shares of Netflix from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,317.58.
Check Out Our Latest Stock Report on Netflix
Netflix Stock Down 1.1%
The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm's fifty day moving average is $1,225.36 and its 200-day moving average is $1,124.35. The stock has a market capitalization of $528.54 billion, a P/E ratio of 53.00, a P/E/G ratio of 2.09 and a beta of 1.60.
Netflix (NASDAQ:NFLX - Get Free Report) last announced its 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. The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.
Insiders Place Their Bets
In related news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock valued at $109,498,489 over the last three months. Corporate insiders own 1.37% of the company's stock.
Hedge Funds Weigh In On Netflix
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. GAMMA Investing LLC grew its position in shares of Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after purchasing an additional 8,827,662 shares during the period. Norges Bank bought a new position in shares of Netflix during the second quarter valued at approximately $7,929,645,000. Laurel Wealth Advisors LLC lifted its position in Netflix by 128,553.9% in the second quarter. Laurel Wealth Advisors LLC now owns 4,881,129 shares of the Internet television network's stock worth $6,536,466,000 after purchasing an additional 4,877,335 shares during the period. Nuveen LLC acquired a new stake in shares of Netflix during the 1st quarter valued at $2,385,585,000. Finally, Kingstone Capital Partners Texas LLC lifted its holdings in shares of Netflix by 343,058.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network's stock valued at $3,299,450,000 after purchasing an additional 2,463,158 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.
About Netflix
(
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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