Netflix (NASDAQ:NFLX) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Netflix (NASDAQ:NFLX) in a research note published on Tuesday morning, Marketbeat.com reports. They currently have a $150.00 price target on the Internet television network’s stock.

Several other brokerages have also weighed in on NFLX. Piper Sandler reiterated an “overweight” rating and set a $140.00 target price (down from $150.00) on shares of Netflix in a research report on Wednesday, October 22nd. Guggenheim reaffirmed a “buy” rating and set a $145.00 price objective on shares of Netflix in a report on Wednesday, October 22nd. Morgan Stanley set a $150.00 target price on Netflix in a report on Monday, October 13th. Zacks Research lowered Netflix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Finally, The Goldman Sachs Group dropped their price objective on Netflix from $131.00 to $130.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.70.

Netflix Stock Down 0.1%

NASDAQ NFLX opened at $96.71 on Tuesday. Netflix has a twelve month low of $82.11 and a twelve month high of $134.12. The stock has a market cap of $409.79 billion, a PE ratio of 40.40, a PEG ratio of 1.43 and a beta of 1.71. The firm has a 50-day simple moving average of $111.92 and a 200 day simple moving average of $118.81. 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 (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, beating 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%.The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 EPS. Netflix has set its Q4 2025 guidance at 5.450-5.450 EPS. On average, research analysts forecast that Netflix will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other news, Director Reed Hastings sold 421,760 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 3,940 shares of the company’s stock, valued at $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 26,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $117.25, for a total transaction of $3,048,526.00. Following the completion of the sale, the chief financial officer directly owned 36,910 shares of the company’s stock, valued at approximately $4,327,734.41. This represents a 41.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,619,840 shares of company stock valued at $181,648,613 in the last three months. 1.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. BG Investment Services Inc. bought a new stake in Netflix in the 2nd quarter worth about $338,000. MRA Advisory Group boosted its holdings in shares of Netflix by 28.4% during the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock valued at $1,231,000 after acquiring an additional 203 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Netflix by 42.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock worth $412,059,000 after acquiring an additional 130,946 shares during the period. Sava Infond d.o.o. raised its holdings in shares of Netflix by 25.1% during the second quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock valued at $2,002,000 after purchasing an additional 300 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. lifted its position in Netflix by 1.4% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock valued at $1,324,000 after purchasing an additional 14 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.