Citigroup Issues Pessimistic Forecast for Netflix (NASDAQ:NFLX) Stock Price

Netflix (NASDAQ:NFLX) had its price objective cut by equities research analysts at Citigroup from $1,295.00 to $1,280.00 in a research note issued to investors on Thursday,MarketScreener reports. Citigroup’s target price would indicate a potential upside of 10.98% from the company’s current price.

NFLX has been the subject of a number of other reports. Robert W. Baird boosted their price target on Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Rosenblatt Securities raised their price objective on Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Piper Sandler lifted their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. The Goldman Sachs Group dropped their target price on shares of Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Sanford C. Bernstein lifted their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,335.00.

Netflix Stock Performance

Shares of Netflix stock opened at $1,153.32 on Thursday. The firm has a market cap of $490.08 billion, a PE ratio of 49.14, a price-to-earnings-growth ratio of 1.96 and a beta of 1.59. The firm’s 50-day simple moving average is $1,207.36 and its 200-day simple moving average is $1,158.96. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix has a 1 year low of $677.88 and a 1 year high of $1,341.15.

Netflix (NASDAQ:NFLX) last posted 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 the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $4.88 earnings per share. 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 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. This represents a 41.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 424 shares of the business’s stock in a transaction dated 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 sale, the insider owned 31,610 shares in the company, valued at $36,625,558.70. This trade represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Aaron Wealth Advisors LLC raised its holdings in Netflix by 89.8% during the third quarter. Aaron Wealth Advisors LLC now owns 5,284 shares of the Internet television network’s stock worth $6,335,000 after purchasing an additional 2,500 shares in the last quarter. GAMMA Investing LLC boosted its stake in Netflix by 5.3% during the 3rd quarter. GAMMA Investing LLC now owns 11,167 shares of the Internet television network’s stock valued at $13,388,000 after purchasing an additional 566 shares in the last quarter. Bank of New Hampshire increased its position in shares of Netflix by 111.1% during the 3rd quarter. Bank of New Hampshire now owns 38 shares of the Internet television network’s stock valued at $46,000 after purchasing an additional 20 shares during the period. Park National Corp OH raised its stake in shares of Netflix by 8,120.6% in the 3rd quarter. Park National Corp OH now owns 20,798 shares of the Internet television network’s stock worth $24,935,000 after buying an additional 20,545 shares in the last quarter. Finally, Roxbury Financial LLC lifted its holdings in shares of Netflix by 6.3% in the third quarter. Roxbury Financial LLC now owns 185 shares of the Internet television network’s stock valued at $222,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds 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.