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Netflix (NASDAQ:NFLX – Free Report) had its price objective reduced by Citigroup from $1,295.00 to $1,280.00 in a report issued on Thursday,MarketScreener reports.
A number of other research firms also recently weighed in on NFLX. KeyCorp increased their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and lifted their price target for the stock from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Needham & Company LLC reissued a “buy” rating and set a $1,500.00 target price on shares of Netflix in a research note on Wednesday, September 10th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Netflix in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,335.00.
Check Out Our Latest Report on NFLX
Netflix Trading Down 0.8%
Shares of NASDAQ NFLX opened at $1,153.32 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market cap of $490.08 billion, a PE ratio of 49.14, a P/E/G ratio of 1.94 and a beta of 1.59. The company has a 50-day moving average of $1,207.36 and a two-hundred day moving average of $1,160.35. Netflix has a 1-year low of $677.88 and a 1-year high of $1,341.15.
Netflix (NASDAQ:NFLX – Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities analysts expect that Netflix will post 24.58 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Netflix news, insider Cletus R. Willems sold 238 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director directly owned 394 shares of the company’s stock, valued at $461,736.48. This represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock worth $122,710,980 over the last three months. 1.37% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Netflix
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Legacy Investment Solutions LLC bought a new position in Netflix during the 2nd quarter worth $31,000. Stephens Consulting LLC increased its position in shares of Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after purchasing an additional 15 shares during the period. Halbert Hargrove Global Advisors LLC raised its stake in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Rossby Financial LCC acquired a new stake in Netflix during the second quarter worth about $35,000. Finally, Maseco LLP bought a new position in Netflix in the 2nd quarter valued at about $39,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.
About Netflix
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.
Further Reading
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