Netflix (NASDAQ:NFLX) Coverage Initiated by Analysts at Itau BBA Securities

Itau BBA Securities assumed coverage on shares of Netflix (NASDAQ:NFLXFree Report) in a research report released on Tuesday morning, MarketBeat reports. The firm issued an outperform rating and a $1,514.00 target price on the Internet television network’s stock.

Several other analysts also recently weighed in on NFLX. Wedbush reiterated an “outperform” rating and issued a $1,500.00 price objective (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Weiss Ratings restated a “buy (b)” rating on shares of Netflix in a report on Saturday, September 27th. Wells Fargo & Company upped their target price on Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Robert W. Baird upped their target price on Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $1,500.00 target price on shares of Netflix in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,337.63.

Check Out Our Latest Stock Report on Netflix

Netflix Stock Performance

Shares of NFLX stock opened at $1,191.06 on Tuesday. 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 fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The stock has a 50 day moving average price of $1,207.58 and a two-hundred day moving average price of $1,163.42. The company has a market capitalization of $506.12 billion, a P/E ratio of 50.75, a PEG ratio of 1.96 and a beta of 1.59.

Netflix (NASDAQ:NFLXGet Free Report) last announced 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 return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the previous year, the company posted $4.88 earnings per share. 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. Analysts expect that Netflix will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 424 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 in the last 90 days. Corporate insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Netflix

A number of institutional investors have recently modified their holdings of NFLX. Optima Capital LLC boosted its position in shares of Netflix by 3.5% during the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock valued at $320,000 after buying an additional 8 shares during the last quarter. Unified Investment Management boosted its position in shares of Netflix by 1.7% during the second quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock valued at $635,000 after buying an additional 8 shares during the last quarter. Plancorp LLC boosted its position in shares of Netflix by 0.6% during the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock valued at $1,711,000 after buying an additional 8 shares during the last quarter. Five Oceans Advisors boosted its position in shares of Netflix by 1.1% during the second quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock valued at $1,006,000 after buying an additional 8 shares during the last quarter. Finally, Old Port Advisors boosted its position in shares of Netflix by 1.3% during the second quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock valued at $836,000 after buying an additional 8 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

About Netflix

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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