Netflix (NASDAQ:NFLX) Raised to “Buy” at President Capital

Netflix (NASDAQ:NFLX) was upgraded by investment analysts at President Capital from a “neutral” rating to a “buy” rating in a note issued to investors on Monday,MarketScreener reports. The brokerage currently has a $1,300.00 price target on the Internet television network’s stock. President Capital’s price objective would suggest a potential upside of 18.94% from the company’s previous close.

A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. dropped their price target on Netflix from $1,300.00 to $1,275.00 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. Guggenheim reiterated a “buy” rating and issued a $1,450.00 price target on shares of Netflix in a research note on Wednesday, October 22nd. Wall Street Zen downgraded Netflix from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Citigroup restated a “neutral” rating and issued a $1,295.00 price objective (up from $1,280.00) on shares of Netflix in a report on Friday, October 3rd. Finally, Wedbush decreased their price objective on Netflix from $1,500.00 to $1,400.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus target price of $1,340.22.

Netflix Stock Down 0.6%

NASDAQ NFLX opened at $1,092.96 on Monday. The firm has a market cap of $463.12 billion, a PE ratio of 45.65, a price-to-earnings-growth ratio of 1.91 and a beta of 1.59. Netflix has a one year low of $756.27 and a one year high of $1,341.15. The stock’s 50 day simple moving average is $1,190.62 and its 200 day simple moving average is $1,198.22. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33.

Netflix’s stock is set to split on Monday, November 17th. The 10-1 split was announced on Thursday, October 30th. The newly issued shares will be issued to shareholders after the market closes on Friday, November 14th.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.88 by ($1.01). The company 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 firm’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, sell-side analysts forecast that Netflix will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the sale, the chief financial officer owned 3,691 shares of the company’s stock, valued at $4,327,734.41. The trade was a 41.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the sale, the director directly owned 394 shares in the company, valued at $461,736.48. The trade was a 99.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 116,309 shares of company stock worth $135,105,831 in the last 90 days. Company insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Telos Capital Management Inc. grew its stake in shares of Netflix by 17.8% during the third quarter. Telos Capital Management Inc. now owns 4,460 shares of the Internet television network’s stock valued at $5,347,000 after buying an additional 673 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its stake in shares of Netflix by 14.5% during the third quarter. Ashton Thomas Private Wealth LLC now owns 8,129 shares of the Internet television network’s stock valued at $9,746,000 after buying an additional 1,028 shares during the last quarter. Valley Brook Capital Group Inc. grew its stake in shares of Netflix by 3.2% during the third quarter. Valley Brook Capital Group Inc. now owns 938 shares of the Internet television network’s stock valued at $1,125,000 after buying an additional 29 shares during the last quarter. Premier Path Wealth Partners LLC grew its stake in shares of Netflix by 0.3% during the third quarter. Premier Path Wealth Partners LLC now owns 3,595 shares of the Internet television network’s stock valued at $4,310,000 after buying an additional 12 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. grew its stake in shares of Netflix by 2.6% during the third quarter. Adell Harriman & Carpenter Inc. now owns 1,641 shares of the Internet television network’s stock valued at $1,967,000 after buying an additional 42 shares during the last quarter. 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.