Netflix (NASDAQ:NFLX) Price Target Cut to $1,300.00 by Analysts at The Goldman Sachs Group

Netflix (NASDAQ:NFLX) had its price objective trimmed by The Goldman Sachs Group from $1,310.00 to $1,300.00 in a report issued on Tuesday morning,MarketScreener reports. The firm currently has a neutral rating on the Internet television network’s stock.

NFLX has been the subject of a number of other research reports. Sanford C. Bernstein upped their price target on Netflix from $1,200.00 to $1,390.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. Loop Capital upgraded Netflix from a “hold” rating to a “buy” rating and increased their target price for the stock from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Barclays reiterated a “sell” rating and set a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Wedbush reiterated an “outperform” rating and set a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Finally, Zacks Research cut Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $1,334.03.

Netflix Stock Performance

Shares of NFLX opened at $1,198.92 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The business has a 50-day simple moving average of $1,208.39 and a two-hundred day simple moving average of $1,155.85. The stock has a market cap of $509.46 billion, a price-to-earnings ratio of 51.08, a PEG ratio of 2.03 and a beta of 1.60. Netflix has a 52 week low of $677.88 and a 52 week high of $1,341.15.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, analysts expect that Netflix will post 24.58 EPS for the current year.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 424 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was 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 directly owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 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. 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 currently owned by insiders.

Institutional Investors Weigh In On Netflix

Several institutional investors have recently modified their holdings of NFLX. Brighton Jones LLC lifted its stake in shares of Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after purchasing an additional 257 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after purchasing an additional 144 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of Netflix by 18.3% in the 1st quarter. Merit Financial Group LLC now owns 13,269 shares of the Internet television network’s stock valued at $12,374,000 after purchasing an additional 2,052 shares during the last quarter. McLean Asset Management Corp lifted its stake in shares of Netflix by 8.6% in the 1st quarter. McLean Asset Management Corp now owns 443 shares of the Internet television network’s stock valued at $386,000 after purchasing an additional 35 shares during the last quarter. Finally, Capital Asset Advisory Services LLC lifted its stake 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 valued at $562,000 after purchasing an additional 224 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

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.