Netflix Stock Scheduled to Split on Monday, November 17th (NASDAQ:NFLX)

Shares of Netflix, Inc. (NASDAQ:NFLX) are scheduled to split before the market opens on Monday, November 17th. The 10-1 split was announced on Thursday, October 30th. The newly created shares will be distributed to shareholders after the closing bell on Friday, November 14th.

Netflix Price Performance

NFLX stock opened at $1,118.86 on Friday. The stock has a market cap of $474.09 billion, a price-to-earnings ratio of 46.74, a PEG ratio of 1.91 and a beta of 1.59. Netflix has a fifty-two week low of $747.77 and a fifty-two week high of $1,341.15. The business has a 50 day moving average price of $1,195.64 and a 200 day moving average price of $1,193.32. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results 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). The firm had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.The company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the firm earned $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Equities research analysts anticipate that Netflix will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NFLX. UBS Group set a $1,500.00 price objective on Netflix in a report on Wednesday, October 22nd. Wedbush cut their price target on Netflix from $1,500.00 to $1,400.00 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. Loop Capital cut their price target on Netflix from $1,350.00 to $1,325.00 in a research note on Wednesday, October 22nd. TD Cowen cut their price target on Netflix from $1,450.00 to $1,425.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Finally, Sanford C. Bernstein restated a “buy” rating on shares of Netflix in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $1,341.12.

Insider Transactions at Netflix

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 legal filing with the SEC, 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 transaction, the insider owned 31,610 shares of the company’s stock, valued at $36,625,558.70. The trade was a 1.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 78,734 shares of company stock valued at $93,224,176 in the last three months. Insiders own 1.37% of the company’s stock.

Institutional Trading of Netflix

Several large investors have recently bought and sold shares of NFLX. Retirement Wealth Solutions LLC acquired a new stake in shares of Netflix during the third quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new stake in Netflix in the 2nd quarter worth about $31,000. Steph & Co. boosted its stake in Netflix by 188.9% in 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 during the last quarter. Stephens Consulting LLC boosted its stake in Netflix by 150.0% in 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 during the last quarter. Finally, Rossby Financial LCC purchased a new position in shares of Netflix in the 2nd quarter worth about $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.