Netflix (NASDAQ:NFLX – Free Report) had its target price cut by UBS Group from $130.00 to $115.00 in a research note published on Friday, MarketBeat.com reports. They currently have a buy rating on the Internet television network’s stock.
NFLX has been the subject of a number of other research reports. Phillip Securities raised their price target on Netflix from $100.00 to $110.00 in a research report on Monday, April 20th. Morgan Stanley restated an “overweight” rating and set a $90.00 target price (down from $115.00) on shares of Netflix in a report on Tuesday. KeyCorp restated an “overweight” rating and set a $92.00 target price (down from $115.00) on shares of Netflix in a research report on Monday. Seaport Research Partners lifted their price objective on Netflix from $115.00 to $119.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Netflix in a research note on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.97.
View Our Latest Report on Netflix
Netflix Trading Down 7.3%
Netflix (NASDAQ:NFLX – Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 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 business had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. During the same quarter in the previous year, the company earned $0.72 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, research analysts anticipate that Netflix will post 3.6 EPS for the current fiscal year.
Insider Transactions at Netflix
In other Netflix news, Director Reed Hastings sold 407,550 shares of Netflix stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $93.13, for a total transaction of $37,955,131.50. Following the transaction, the director directly owned 3,940 shares of the company’s stock, valued at $366,932.20. The trade was a 99.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore A. Sarandos sold 27,312 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the sale, the chief executive officer owned 284,804 shares of the company’s stock, valued at approximately $25,054,207.88. This represents a 8.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 899,839 shares of company stock valued at $80,141,661 in the last three months. 1.24% of the stock is owned by company insiders.
Institutional Trading of Netflix
Large investors have recently added to or reduced their stakes in the stock. Imprint Wealth LLC purchased a new stake in Netflix during the 3rd quarter worth approximately $25,000. Wealth Watch Advisors INC purchased a new position in shares of Netflix during the 3rd quarter valued at approximately $103,000. Strategic Wealth Investment Group LLC acquired a new stake in shares of Netflix during the second quarter worth approximately $121,000. Wiser Advisor Group LLC acquired a new stake in shares of Netflix during the third quarter worth approximately $114,000. Finally, Beaird Harris Wealth Management LLC increased its stake in shares of Netflix by 9.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock worth $137,000 after buying an additional 10 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about Netflix
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.
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