The Goldman Sachs Group Lowers Netflix (NASDAQ:NFLX) Price Target to $1,300.00

Key Points

• The Goldman Sachs Group has reduced the price target for Netflix (NASDAQ:NFLX) from $1,310.00 to $1,300.00, maintaining a "neutral" rating on the stock.
• Despite the lowered price target, the stock still has an indicated potential upside of 8.60% from its current price, as shares opened at $1,197.01.
• Analyst consensus on Netflix remains positive, with 1 "Strong Buy," 23 "Buy," 9 "Hold," and 3 "Sell" ratings, leading to an average target price of $1,334.03.

Netflix (NASDAQ:NFLX - Get Free Report) had its target price dropped by analysts at The Goldman Sachs Group from $1,310.00 to $1,300.00 in a report released on Tuesday,MarketScreener reports. The brokerage presently has a "neutral" rating on the Internet television network's stock. The Goldman Sachs Group's price target indicates a potential upside of 8.60% from the stock's current price.

Several other research analysts have also weighed in on NFLX. Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a research report on Thursday, September 11th. Piper Sandler lifted their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Oppenheimer raised their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. Needham & Company LLC reaffirmed a "buy" rating and set a $1,500.00 price target on shares of Netflix in a research note on Wednesday, September 10th. Finally, Barclays restated a "sell" rating and set a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,334.03.

Netflix Stock Performance

Shares of Netflix stock opened at $1,197.01 on Tuesday. The stock has a market cap of $508.64 billion, a price-to-earnings ratio of 51.17, a P/E/G ratio of 2.04 and a beta of 1.60. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix has a twelve month low of $677.88 and a twelve month high of $1,341.15. The company's fifty day moving average is $1,208.21 and its 200 day moving average is $1,155.55.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the previous year, the company posted $4.88 EPS. The business'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. Sell-side analysts forecast that Netflix will post 24.58 EPS for the current year.

Insider Buying and Selling

In other news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,290,418.40. The trade was a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,324 shares of company stock valued at $70,235,556 in the last 90 days. 1.37% of the stock is owned by company insiders.

Institutional Trading of Netflix

A number of institutional investors have recently made changes to their positions in NFLX. Brighton Jones LLC boosted its holdings in shares of Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after purchasing an additional 257 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after acquiring an additional 144 shares in the last quarter. Merit Financial Group LLC raised its holdings in shares of Netflix by 18.3% during the first quarter. Merit Financial Group LLC now owns 13,269 shares of the Internet television network's stock valued at $12,374,000 after acquiring an additional 2,052 shares in the last quarter. McLean Asset Management Corp boosted its holdings in Netflix by 8.6% in the first quarter. McLean Asset Management Corp now owns 443 shares of the Internet television network's stock valued at $386,000 after acquiring an additional 35 shares in the last quarter. Finally, Capital Asset Advisory Services LLC lifted its position in shares of Netflix by 59.4% in the 1st quarter. Capital Asset Advisory Services LLC now owns 601 shares of the Internet television network's stock worth $562,000 after purchasing an additional 224 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

About Netflix

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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