Netflix (NASDAQ:NFLX) Trading Up 1% - Here's What Happened

Key Points

• Netflix's stock increased by 1% on Wednesday, trading at a high of $1,218.10 and closing at $1,226.35, although trading volume saw a decline of 82% from the average.
• Multiple analysts raised their price targets for Netflix, with Robert W. Baird setting a new target of $1,500.00, indicating a consensus rating of "Moderate Buy" among analysts.
• Netflix reported $7.19 EPS for the quarter, surpassing estimates by $0.12, and its revenue growth was 15.9% year-over-year, with guidance for fiscal year 2025 set at 24.58 EPS.

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s share price was up 1% on Wednesday . The company traded as high as $1,218.10 and last traded at $1,226.35. Approximately 710,456 shares traded hands during trading, a decline of 82% from the average daily volume of 4,048,814 shares. The stock had previously closed at $1,214.11.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NFLX shares. Robert W. Baird raised their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. BMO Capital Markets reiterated an "outperform" rating and issued a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. TD Cowen lifted their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Pivotal Research reiterated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Finally, Citigroup reiterated a "neutral" rating and issued a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

Netflix Stock Performance

The firm's fifty day moving average price is $1,228.91 and its 200-day moving average price is $1,120.25. 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 company has a market cap of $516.44 billion, a P/E ratio of 51.78, a P/E/G ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share 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 business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the business earned $4.88 EPS. The firm's revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 424 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the transaction, the insider directly owned 31,610 shares in the company, valued at $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 685 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,161.21, for a total transaction of $795,428.85. Following the completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,286,026.11. This trade represents a 15.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,629 shares of company stock worth $116,131,982 in the last 90 days. 1.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Netflix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. Resurgent Financial Advisors LLC increased its stake in shares of Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after buying an additional 708 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Netflix by 42.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock worth $412,059,000 after purchasing an additional 130,946 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after purchasing an additional 110,432 shares in the last quarter. PharVision Advisers LLC acquired a new position in shares of Netflix during the fourth quarter worth approximately $873,000. Finally, New England Research & Management Inc. lifted its position in shares of Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after purchasing an additional 1,268 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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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