Netflix (NASDAQ:NFLX - Get Free Report) had its target price lifted by research analysts at Rosenblatt Securities from $1,515.00 to $1,530.00 in a note issued to investors on Wednesday,MarketScreener reports. The firm currently has a "buy" rating on the Internet television network's stock. Rosenblatt Securities' price objective would suggest a potential upside of 34.76% from the company's previous close.
A number of other research analysts have also recently weighed in on the stock. Zacks Research cut shares of Netflix from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Phillip Securities cut shares of Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. Morgan Stanley set a $1,500.00 target price on shares of Netflix in a research note on Monday, October 13th. KeyCorp lifted their target price 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. Finally, Cowen reaffirmed a "buy" rating on shares of Netflix in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,344.34.
Check Out Our Latest Stock Analysis on NFLX
Netflix Price Performance
Netflix stock traded down $106.02 during mid-day trading on Wednesday, reaching $1,135.33. The company had a trading volume of 2,821,901 shares, compared to its average volume of 3,899,614. Netflix has a 1 year low of $744.26 and a 1 year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $482.43 billion, a P/E ratio of 48.39, a P/E/G ratio of 2.08 and a beta of 1.59. The stock's 50-day simple moving average is $1,214.20 and its 200-day simple moving average is $1,182.49.
Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.88 by ($1.01). Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.51 billion during the quarter, compared to analysts' expectations of $11.52 billion. During the same period last year, the business posted $5.40 earnings per share. The company's quarterly revenue was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, equities analysts predict that Netflix will post 24.58 EPS for the current year.
Insider Buying and Selling
In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. This trade represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares in the company, valued at approximately $36,625,558.70. This trade represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock worth $122,710,980 over the last 90 days. Company insiders own 1.37% of the company's stock.
Hedge Funds Weigh In On Netflix
Institutional investors have recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in Netflix in the 2nd quarter worth $31,000. Retirement Wealth Solutions LLC acquired a new position in Netflix in the 3rd quarter worth $28,000. Stephens Consulting LLC lifted its holdings in Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock worth $33,000 after buying an additional 15 shares in the last quarter. Rossby Financial LCC acquired a new position in Netflix in the 2nd quarter worth $35,000. Finally, Steph & Co. lifted its holdings in Netflix by 188.9% in the 3rd quarter. Steph & Co. now owns 26 shares of the Internet television network's stock worth $31,000 after buying an additional 17 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.
About Netflix
(
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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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