Netflix (NASDAQ:NFLX) Given New $80.00 Price Target at Barclays

Netflix (NASDAQ:NFLX) had its target price decreased by Barclays from $85.00 to $80.00 in a research note released on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the Internet television network’s stock.

Several other brokerages have also issued reports on NFLX. Pivotal Research cut their target price on shares of Netflix from $96.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday. New Street Research boosted their target price on Netflix from $96.00 to $102.00 in a research report on Friday, April 17th. Wolfe Research reaffirmed an “outperform” rating and set a $107.00 price target on shares of Netflix in a research note on Friday, April 17th. Piper Sandler reiterated an “overweight” rating and issued a $115.00 price target (up from $103.00) on shares of Netflix in a report on Friday, April 17th. Finally, Erste Group Bank cut Netflix from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $103.97.

Netflix Stock Performance

Shares of NFLX stock opened at $68.95 on Friday. The business’s 50 day simple moving average is $80.15 and its 200 day simple moving average is $86.90. Netflix has a one year low of $65.08 and a one year high of $126.71. The stock has a market capitalization of $290.33 billion, a PE ratio of 21.70, a PEG ratio of 0.95 and a beta of 1.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. The firm had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.83%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 EPS. As a group, research analysts forecast that Netflix will post 3.6 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, Director Reed Hastings sold 386,700 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $85.97, for a total value of $33,244,599.00. Following the sale, the director directly owned 3,940 shares in the company, valued at $338,721.80. The trade was a 98.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 9,253 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total value of $823,054.35. Following the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at $6,563,353.65. This represents a 11.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 899,839 shares of company stock valued at $80,141,661. Company insiders own 1.24% of the company’s stock.

Hedge Funds Weigh In On Netflix

Large investors have recently modified their holdings of the business. Brighton Jones LLC boosted its stake in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after purchasing an additional 257 shares during the period. Revolve Wealth Partners LLC grew its holdings in Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after buying an additional 144 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Netflix by 21.2% during the second quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network’s stock valued at $1,883,000 after buying an additional 246 shares during the period. Strategic Investment Advisors MI increased its position in shares of Netflix by 18.9% during the second quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network’s stock valued at $1,036,000 after buying an additional 123 shares during the period. Finally, Schnieders Capital Management LLC. lifted its holdings in shares of Netflix by 12.1% in the second quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network’s stock worth $2,832,000 after buying an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Some analysts remain bullish, arguing Netflix still has strong long-term upside from margin expansion, advertising growth, and new engagement-driven content formats. Mark Mahaney Reiterates Buy on Netflix
• Positive Sentiment: Supportive commentary highlighted Netflix’s AI, ads, short-form video, and gaming strategy as potential growth catalysts for monetization and engagement. Ad Engagement & Content Opportunities Offer Bullish Edge for NFLX
• Neutral Sentiment: Several analysts cut price targets but mostly kept buy/overweight or hold ratings, signaling lower near-term expectations rather than a full thesis break. Laura Martin Maintains Buy on Netflix
• Negative Sentiment: Netflix’s weaker Q3 outlook and reduced engagement disclosure sparked concern that growth is slowing and management is becoming less transparent with investors. Netflix third-quarter earnings forecast falls shy of Wall Street expectations
• Negative Sentiment: Coverage across the market emphasized the post-earnings selloff, citing a revenue miss, soft guidance, and investor worries about future growth and competition. U.S. Chip Stocks Extend Slide; Netflix Tumbles on Growth Warning

Netflix Company Profile

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.