Netflix (NASDAQ:NFLX) Price Target Raised to $1,084.00 at Arete

Netflix (NASDAQ:NFLX) had its price target raised by Arete from $833.00 to $1,084.00 in a report released on Tuesday,MarketScreener reports. Arete currently has a neutral rating on the Internet television network’s stock.

Other analysts have also issued reports about the company. Zacks Research lowered Netflix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Wells Fargo & Company lowered their price target on Netflix from $1,560.00 to $1,510.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Itau BBA Securities started coverage on Netflix in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 price target on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Finally, Pivotal Research reaffirmed a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,344.64.

Netflix Stock Up 0.7%

Shares of NFLX opened at $1,102.50 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. Netflix has a 12 month low of $747.77 and a 12 month high of $1,341.15. The stock’s 50 day moving average is $1,201.97 and its two-hundred day moving average is $1,191.47. The firm has a market cap of $467.16 billion, a P/E ratio of 46.05, a PEG ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing the consensus estimate of $6.88 by ($1.01). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The business had revenue of $11.51 billion during the quarter, compared to analyst estimates of $11.52 billion. During the same period in the previous year, the business posted $5.40 earnings per share. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Analysts predict that Netflix will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 104,100 shares of company stock valued at $122,710,980 in the last three months. Company insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Netflix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. Norges Bank purchased a new stake in Netflix in the second quarter valued at $7,929,645,000. Laurel Wealth Advisors LLC raised its position in Netflix by 128,553.9% in the second quarter. Laurel Wealth Advisors LLC now owns 4,881,129 shares of the Internet television network’s stock valued at $6,536,466,000 after purchasing an additional 4,877,335 shares during the period. Nuveen LLC purchased a new stake in Netflix in the first quarter valued at $2,385,585,000. Kingstone Capital Partners Texas LLC raised its position in Netflix by 343,058.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock valued at $3,299,450,000 after purchasing an additional 2,463,158 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Netflix by 57.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after buying an additional 1,236,251 shares during the period. Hedge funds and other institutional investors 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.