Netflix, Inc. (NASDAQ:NFLX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Netflix, Inc. (NASDAQ:NFLX) have been given a consensus recommendation of “Moderate Buy” by the forty-five brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, thirty have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $133.8972.

NFLX has been the topic of several recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $140.00 price target (down previously from $150.00) on shares of Netflix in a research note on Wednesday, October 22nd. Loop Capital reduced their target price on shares of Netflix from $135.00 to $132.50 in a research note on Wednesday, October 22nd. Itau BBA Securities started coverage on shares of Netflix in a report on Tuesday, October 7th. They issued an “outperform” rating and a $151.40 target price on the stock. DZ Bank reissued a “buy” rating on shares of Netflix in a report on Monday, November 17th. Finally, Zacks Research lowered shares of Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st.

Netflix Price Performance

Shares of NFLX stock opened at $107.47 on Friday. Netflix has a 12 month low of $82.11 and a 12 month high of $134.12. The company has a market capitalization of $455.39 billion, a P/E ratio of 4.49, a P/E/G ratio of 1.91 and a beta of 1.58. The stock has a 50 day moving average of $114.48 and a two-hundred day moving average of $119.47. 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 (NASDAQ:NFLX) last issued its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, topping the consensus estimate of $0.69 by $5.18. The firm had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.Netflix’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the business earned $0.54 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, equities analysts expect that Netflix will post 24.58 EPS for the current year.

Insider Activity

In other Netflix news, insider David A. Hyman sold 314,620 shares of Netflix stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $109.98, for a total value of $34,603,166.08. Following the completion of the transaction, the insider owned 316,100 shares in the company, valued at approximately $34,765,942.40. The trade was a 49.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Cletus R. Willems sold 2,380 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $110.03, for a total transaction of $261,878.54. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,529,960 shares of company stock worth $175,427,521. 1.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Netflix

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Netflix by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network’s stock valued at $46,183,983,000 after acquiring an additional 142,238 shares during the last quarter. State Street Corp grew its stake in shares of Netflix by 2.1% during the second quarter. State Street Corp now owns 17,444,013 shares of the Internet television network’s stock worth $23,359,801,000 after purchasing an additional 360,604 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Netflix by 2.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock worth $10,940,505,000 after purchasing an additional 304,399 shares during the period. Geode Capital Management LLC increased its holdings in Netflix by 2.4% in the second quarter. Geode Capital Management LLC now owns 9,926,733 shares of the Internet television network’s stock valued at $13,234,278,000 after purchasing an additional 229,182 shares during the last quarter. Finally, Norges Bank acquired a new position in Netflix in the second quarter valued at about $7,929,645,000. Institutional investors and hedge funds 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.