Netflix, Inc. (NASDAQ:NFLX) Given Average Rating of “Moderate Buy” by Analysts

Netflix, Inc. (NASDAQ:NFLX) has earned a consensus recommendation of “Moderate Buy” from the forty-four ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $1,340.2222.

NFLX has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $1,500.00 target price on shares of Netflix in a report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Netflix in a research note on Wednesday, October 8th. Argus set a $1,410.00 price objective on Netflix in a research note on Thursday, October 23rd. Citigroup reissued a “neutral” rating and issued a $1,295.00 price objective (up previously from $1,280.00) on shares of Netflix in a research note on Friday, October 3rd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $1,500.00 price objective on shares of Netflix in a research note on Wednesday, October 22nd.

Netflix Trading Down 0.6%

Shares of NFLX stock opened at $1,092.96 on Wednesday. The company has a market cap of $463.12 billion, a P/E ratio of 45.65, a PEG ratio of 1.91 and a beta of 1.59. The stock has a 50 day simple moving average of $1,190.62 and a two-hundred day simple moving average of $1,198.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. Netflix has a fifty-two week low of $756.27 and a fifty-two week high of $1,341.15.

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

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 2,360 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $1,097.56, for a total value of $2,590,241.60. Following the completion of the sale, the chief financial officer owned 3,931 shares of the company’s stock, valued at approximately $4,314,508.36. This trade represents a 37.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Reed Hastings sold 40,374 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $1,121.51, for a total value of $45,279,844.74. Following the completion of the sale, the director directly owned 394 shares of the company’s stock, valued at $441,874.94. This trade represents a 99.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 116,309 shares of company stock valued at $135,105,831 in the last three months. Insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Legacy Investment Solutions LLC purchased a new position in shares of Netflix during the second quarter valued at approximately $31,000. Retirement Wealth Solutions LLC purchased a new position in shares of Netflix during the third quarter valued at approximately $28,000. Stephens Consulting LLC boosted its position in shares of Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after buying an additional 15 shares during the last quarter. Rossby Financial LCC purchased a new position in shares of Netflix during the second quarter valued at approximately $35,000. Finally, Steph & Co. boosted its position in shares of Netflix by 188.9% during the third quarter. Steph & Co. now owns 26 shares of the Internet television network’s stock valued at $31,000 after buying an additional 17 shares during the last quarter. Hedge funds and other institutional investors 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.