Netflix (NASDAQ:NFLX) Given New $1,425.00 Price Target at TD Cowen

Netflix (NASDAQ:NFLX) had its price objective trimmed by TD Cowen from $1,450.00 to $1,425.00 in a report released on Tuesday,MarketScreener reports. The brokerage currently has a buy rating on the Internet television network’s stock.

A number of other research analysts have also recently commented on the stock. KeyCorp increased their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. BMO Capital Markets reissued an “outperform” rating and issued a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Netflix in a report on Saturday, September 27th. Wedbush reissued an “outperform” rating and issued a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Finally, Seaport Res Ptn cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,337.63.

Netflix Trading Up 2.4%

NFLX opened at $1,191.06 on Tuesday. Netflix has a twelve month low of $677.88 and a twelve month high of $1,341.15. The company has a 50-day simple moving average of $1,207.58 and a 200 day simple moving average of $1,163.42. 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 stock has a market capitalization of $506.12 billion, a price-to-earnings ratio of 50.75, a P/E/G ratio of 1.96 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping 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 business had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter in the prior year, the business posted $4.88 earnings per share. Netflix’s revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Analysts predict that Netflix will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, insider Cletus R. Willems sold 238 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction 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 transaction of $2,351,416.12. Following the sale, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,100 shares of company stock worth $122,710,980. Company insiders own 1.37% of the company’s stock.

Institutional Trading of Netflix

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after buying an additional 13 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Netflix during the 2nd quarter worth approximately $31,000. Steph & Co. boosted its holdings in shares of Netflix by 188.9% during the 3rd quarter. Steph & Co. now owns 26 shares of the Internet television network’s stock worth $31,000 after buying an additional 17 shares in the last quarter. Stephens Consulting LLC boosted its holdings in shares of Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after buying an additional 15 shares in the last quarter. Finally, Rossby Financial LCC bought a new position in shares of Netflix during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

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.