Netflix (NASDAQ:NFLX) Upgraded to Buy at Loop Capital

Loop Capital upgraded shares of Netflix (NASDAQ:NFLX) from a hold rating to a buy rating in a research note published on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has $1,350.00 price target on the Internet television network’s stock, up from their prior price target of $1,150.00.

Several other equities analysts also recently commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $1,500.00 price target on shares of Netflix in a research note on Wednesday, September 10th. Citigroup restated a “neutral” rating and issued a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Pivotal Research restated a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Phillip Securities downgraded shares of Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Finally, Wall Street Zen upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,328.87.

Netflix Price Performance

Shares of NFLX opened at $1,228.50 on Wednesday. The firm has a market capitalization of $522.02 billion, a PE ratio of 52.34, a PEG ratio of 2.02 and a beta of 1.60. The company’s 50-day moving average is $1,213.71 and its 200-day moving average is $1,136.26. Netflix has a fifty-two week low of $677.88 and a fifty-two week 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.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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 company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the firm earned $4.88 earnings per share. The company’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. Equities analysts forecast that Netflix will post 24.58 EPS for the current year.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Reed Hastings sold 25,959 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the completion of the sale, the director owned 394 shares in the company, valued at approximately $475,837.74. The trade was a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,348 shares of company stock valued at $109,498,489. Company insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Netflix

Hedge funds have recently made changes to their positions in the stock. Resurgent Financial Advisors LLC boosted its stake in shares of 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 purchasing an additional 708 shares in the last quarter. MRA Advisory Group boosted its stake in shares of Netflix by 28.4% in the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock valued at $1,231,000 after purchasing an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of 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 purchasing an additional 130,946 shares in the last quarter. PharVision Advisers LLC acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $873,000. Finally, New England Research & Management Inc. boosted its stake in shares of 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 purchasing an additional 1,268 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.