Netflix (NASDAQ:NFLX) Price Target Lowered to $100.00 at TD Cowen

Netflix (NASDAQ:NFLX) had its price objective decreased by TD Cowen from $112.00 to $100.00 in a research report report published on Friday,Benzinga reports. TD Cowen currently has a buy rating on the Internet television network’s stock.

NFLX has been the subject of a number of other reports. Moffett Nathanson reduced their price target on shares of Netflix from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, June 17th. The Goldman Sachs Group set a $94.00 price objective on shares of Netflix and gave the company a “buy” rating in a research report on Friday. Needham & Company LLC reiterated a “buy” rating on shares of Netflix in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Netflix from $98.00 to $100.00 and gave the stock a “hold” rating in a research report on Tuesday, April 14th. Finally, China Renaissance increased their price objective on Netflix from $90.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.97.

Netflix Stock Performance

Shares of NFLX stock opened at $68.95 on Friday. The company has a market capitalization of $290.33 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 0.95 and a beta of 1.52. Netflix has a 1-year low of $65.08 and a 1-year high of $126.71. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $80.15 and its 200-day simple moving average is $86.90.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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. Netflix had a return on equity of 40.83% and a net margin of 28.22%.The firm had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. During the same period in the prior year, the business earned $0.72 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, sell-side analysts predict that Netflix will post 3.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 5,722 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $88.08, for a total value of $503,993.76. Following the completion of the transaction, the insider owned 316,100 shares of the company’s stock, valued at $27,842,088. This represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $88.69, for a total transaction of $2,422,301.28. Following the transaction, the chief executive officer owned 120,931 shares of the company’s stock, valued at approximately $10,725,370.39. This represents a 18.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 899,839 shares of company stock valued at $80,141,661 over the last 90 days. Company insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On Netflix

A number of hedge funds have recently made changes to their positions in the company. Checchi Capital Advisers LLC boosted its position in Netflix by 875.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network’s stock valued at $2,920,000 after acquiring an additional 27,951 shares during the last quarter. Contravisory Investment Management Inc. raised its position in shares of Netflix by 837.2% in the 4th quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network’s stock worth $10,443,000 after acquiring an additional 99,496 shares in the last quarter. BNC Wealth Management LLC raised its position in shares of Netflix by 991.3% in the 4th quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network’s stock worth $3,866,000 after acquiring an additional 37,451 shares in the last quarter. Crew Capital Management Ltd raised its position in shares of Netflix by 1,021.9% in the 4th quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network’s stock worth $847,000 after acquiring an additional 8,226 shares in the last quarter. Finally, Family Capital Trust Co lifted its stake in shares of Netflix by 20,869.5% in the 4th quarter. Family Capital Trust Co now owns 27,470 shares of the Internet television network’s stock valued at $2,576,000 after purchasing an additional 27,339 shares during the period. Institutional investors and hedge funds 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

About Netflix

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.