Netflix (NASDAQ:NFLX) Price Target Raised to $107.00 at Citic Securities

Netflix (NASDAQ:NFLXFree Report) had its target price increased by Citic Securities from $95.00 to $107.00 in a report published on Monday morning,MarketScreener reports. Citic Securities currently has a hold rating on the Internet television network’s stock.

Several other research analysts have also commented on the company. Freedom Capital raised Netflix from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. UBS Group set a $104.00 target price on Netflix in a research note on Tuesday, January 27th. Arete Research upgraded shares of Netflix from a “neutral” rating to a “buy” rating in a report on Friday, February 27th. Phillip Securities raised their price target on shares of Netflix from $100.00 to $110.00 in a report on Monday, April 20th. Finally, New Street Research lifted their price objective on shares of Netflix from $96.00 to $102.00 in a research report on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $114.82.

View Our Latest Analysis on Netflix

Netflix Stock Down 1.2%

Shares of Netflix stock opened at $91.36 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market cap of $384.72 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 1.20 and a beta of 1.67. The firm’s 50-day moving average is $93.89 and its two-hundred day moving average is $97.38. Netflix has a 1 year low of $75.01 and a 1 year high of $134.12.

Netflix (NASDAQ:NFLXGet Free Report) last posted its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, beating the consensus estimate of $0.76 by $0.47. The business had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, research analysts expect that Netflix will post 3.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Reed Hastings sold 420,550 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $95.49, for a total transaction of $40,158,319.50. Following the completion of the transaction, the director directly owned 3,940 shares of the company’s stock, valued at approximately $376,230.60. This trade represents a 99.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 57,260 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $95.50, for a total transaction of $5,468,330.00. Following the completion of the sale, the chief financial officer directly owned 73,787 shares in the company, valued at $7,046,658.50. This trade represents a 43.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,487,794 shares of company stock worth $136,255,772 in the last 90 days. Corporate insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Netflix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. First Financial Corp IN grew its stake in shares of Netflix by 900.0% during the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 243 shares during the period. DiNuzzo Private Wealth Inc. lifted its stake in shares of Netflix by 885.2% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 239 shares during the period. Turning Point Benefit Group Inc. boosted its holdings in Netflix by 13,400.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock worth $25,000 after buying an additional 268 shares in the last quarter. Imprint Wealth LLC purchased a new stake in Netflix during the third quarter worth $25,000. Finally, Cornerstone Financial Management LLC acquired a new stake in Netflix during the fourth quarter valued at $26,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

Netflix Company Profile

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Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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