DZ Bank Reiterates “Buy” Rating for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating reissued by analysts at DZ Bank in a research note issued to investors on Monday,MarketScreener reports.

Several other equities analysts also recently weighed in on the stock. Robert W. Baird raised their price target on shares of Netflix from $130.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Guggenheim reiterated a “buy” rating and issued a $145.00 price objective on shares of Netflix in a report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Netflix in a report on Wednesday, October 8th. Rosenblatt Securities upped their price target on Netflix from $151.50 to $153.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Erste Group Bank downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.93.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $114.09 on Monday. 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 has a 1 year low of $82.11 and a 1 year high of $134.12. The firm has a market capitalization of $48.34 billion, a PE ratio of 4.77, a P/E/G ratio of 1.91 and a beta of 1.58. The business’s 50 day moving average price is $116.87 and its 200-day moving average price is $120.03.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $0.59 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.10). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.52 billion. During the same period in the prior year, the company posted $0.54 earnings per share. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, equities research analysts expect that Netflix will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 20,270 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $109.57, for a total transaction of $2,220,943.36. Following the completion of the transaction, the chief executive officer directly owned 127,810 shares in the company, valued at approximately $14,003,886.08. This represents a 13.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 421,760 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $117.19, for a total transaction of $49,426,897.92. Following the completion of the sale, the director owned 3,940 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,529,960 shares of company stock worth $175,427,521. Corporate insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Netflix

Large investors have recently made changes to their positions in the stock. Optima Capital LLC grew its stake in shares of Netflix by 3.5% in the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock worth $320,000 after acquiring an additional 8 shares during the last quarter. Unified Investment Management boosted its stake in Netflix by 1.7% in the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock worth $635,000 after purchasing an additional 8 shares in the last quarter. Plancorp LLC boosted its stake in Netflix by 0.6% in the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock worth $1,711,000 after purchasing an additional 8 shares in the last quarter. Five Oceans Advisors grew its position in Netflix by 1.1% during the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock valued at $1,006,000 after purchasing an additional 8 shares during the last quarter. Finally, Old Port Advisors grew its position in Netflix by 1.3% during the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock valued at $836,000 after purchasing an additional 8 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.