Shares of Netflix, Inc. (NASDAQ:NFLX - Get Free Report) rose 2% during mid-day trading on Thursday . The stock traded as high as $1,251.00 and last traded at $1,250.11. Approximately 1,068,476 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 4,041,211 shares. The stock had previously closed at $1,226.18.
Analysts Set New Price Targets
NFLX has been the topic of several recent research reports. Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a research note on Tuesday, August 12th. Bank of America lifted their price target on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Wall Street Zen lowered shares of Netflix from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Sanford C. Bernstein lifted their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Finally, Robert W. Baird lifted their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $1,297.66.
Read Our Latest Research Report on NFLX
Netflix Stock Up 2.6%
The firm has a market cap of $534.34 billion, a P/E ratio of 53.58, a P/E/G ratio of 2.03 and a beta of 1.60. 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 firm's fifty day moving average is $1,227.93 and its 200 day moving average is $1,120.98.
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 the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. Netflix's revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction dated 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 completion of the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,457,842.16. This trade represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Netflix
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Resurgent Financial Advisors LLC increased its position in Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after acquiring an additional 708 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Netflix by 42.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock valued at $412,059,000 after acquiring an additional 130,946 shares during the period. Janus Henderson Group PLC increased its position in Netflix by 8.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after acquiring an additional 110,432 shares during the period. PharVision Advisers LLC acquired a new position in Netflix in the 4th quarter valued at approximately $873,000. Finally, New England Research & Management Inc. increased its position in Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after acquiring an additional 1,268 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.
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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