Weiss Ratings Reiterates "Buy (B)" Rating for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

A number of other equities analysts have also recently issued reports on the stock. 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 report on Thursday, July 10th. Wedbush decreased their price target on shares of Netflix from $1,500.00 to $1,400.00 and set an "outperform" rating for the company in a research report on Wednesday. Citigroup restated a "neutral" rating and issued a $1,295.00 price target (up from $1,280.00) on shares of Netflix in a research report on Friday, October 3rd. Benchmark restated a "hold" rating on shares of Netflix in a research report on Wednesday. Finally, Needham & Company LLC restated a "buy" rating and issued a $1,500.00 price target on shares of Netflix in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,352.78.

Netflix Stock Performance

Shares of Netflix stock opened at $1,094.69 on Friday. The company has a 50 day moving average of $1,207.21 and a 200-day moving average of $1,187.47. The company has a market cap of $463.85 billion, a PE ratio of 45.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59. Netflix has a 1-year low of $747.77 and a 1-year high of $1,341.15. The company has a current ratio of 1.33, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.Netflix's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, equities research analysts forecast that Netflix will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the firm's 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 directly owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Reed Hastings sold 42,176 shares of the firm's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the transaction, the director directly owned 394 shares in the company, valued at $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock valued at $122,710,980 over the last 90 days. Insiders own 1.37% of the company's stock.

Institutional Trading of Netflix

Institutional investors and hedge funds have recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Netflix in the second quarter valued at about $31,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Netflix in the third quarter valued at about $28,000. Stephens Consulting LLC increased its holdings in Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock worth $33,000 after buying an additional 15 shares during the last quarter. Rossby Financial LCC purchased a new stake in Netflix during the second quarter worth about $35,000. Finally, Steph & Co. increased its holdings in Netflix by 188.9% during the third quarter. Steph & Co. now owns 26 shares of the Internet television network's stock worth $31,000 after buying an additional 17 shares during the last quarter. Hedge funds and other 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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