Netflix (NASDAQ:NFLX) Stock Price Up 1.9% - What's Next?

Key Points

• Netflix shares increased by 1.9%, trading at $1,214.25 after reaching a high of $1,217.39 during mid-day trading.
• Analysts have raised their price targets for Netflix, with a consensus average target of $1,337.63 and ratings ranging from Strong Buy to Sell.
• Insider trading activity was noted as key executives sold large amounts of stock, with Reed Hastings selling over $49 million worth of shares.

Shares of Netflix, Inc. (NASDAQ:NFLX - Get Free Report) shot up 1.9% during mid-day trading on Wednesday . The stock traded as high as $1,217.39 and last traded at $1,214.25. 2,843,091 shares were traded during mid-day trading, a decline of 28% from the average session volume of 3,936,392 shares. The stock had previously closed at $1,191.06.

Analysts Set New Price Targets

A number of research analysts have weighed in on NFLX shares. Wedbush reissued an "outperform" rating and set a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. KeyCorp upped their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Rosenblatt Securities upped their target price on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Barclays restated a "sell" rating and issued a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,337.63.

Netflix Trading Up 1.9%

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 business's 50 day moving average price is $1,207.58 and its 200-day moving average price is $1,163.42. The company has a market cap of $515.97 billion, a price-to-earnings ratio of 51.74, a PEG ratio of 1.96 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating 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 firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the firm earned $4.88 EPS. The business's quarterly 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, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In other news, Director Reed Hastings sold 42,176 shares of the company's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director directly owned 394 shares of the company's stock, valued at approximately $461,736.48. This represents a 99.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,100 shares of company stock worth $122,710,980. Company insiders own 1.37% of the company's stock.

Hedge Funds Weigh In On Netflix

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Netflix by 1.0% in the second quarter. Vanguard Group Inc. now owns 38,379,084 shares of the Internet television network's stock valued at $51,394,583,000 after acquiring an additional 381,824 shares during the period. State Street Corp raised its stake in shares of Netflix by 2.1% during the second quarter. State Street Corp now owns 17,444,013 shares of the Internet television network's stock worth $23,359,801,000 after acquiring an additional 360,604 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Netflix by 2.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock worth $10,940,505,000 after buying an additional 304,399 shares during the period. Geode Capital Management LLC increased its stake in shares of Netflix by 2.4% in the second quarter. Geode Capital Management LLC now owns 9,926,733 shares of the Internet television network's stock worth $13,234,278,000 after buying an additional 229,182 shares during the period. Finally, Norges Bank bought a new stake in Netflix in the second quarter valued at $7,929,645,000. 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.

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