Netflix (NASDAQ:NFLX) Price Target Raised to $120.00

by · The Cerbat Gem

Netflix (NASDAQ:NFLXFree Report) had its price target raised by Moffett Nathanson from $115.00 to $120.00 in a research note published on Tuesday morning,MarketScreener reports. Moffett Nathanson currently has a buy rating on the Internet television network’s stock.

Other equities analysts have also recently issued reports about the stock. HSBC lifted their target price on shares of Netflix from $106.00 to $114.00 and gave the company a “buy” rating in a report on Friday, April 10th. Huber Research upgraded shares of Netflix from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 27th. Citizens Jmp initiated coverage on shares of Netflix in a research report on Monday, March 30th. They set a “market perform” rating on the stock. TD Cowen dropped their price objective on shares of Netflix from $115.00 to $112.00 and set a “buy” rating on the stock in a research note on Wednesday, January 21st. Finally, DZ Bank reaffirmed a “buy” rating on shares of Netflix in a report on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.80.

Check Out Our Latest Research Report on Netflix

Netflix Stock Up 0.1%

Shares of NASDAQ NFLX opened at $107.79 on Tuesday. The business has a 50-day moving average price of $91.90 and a 200 day moving average price of $98.56. The stock has a market cap of $455.11 billion, a PE ratio of 42.66, a price-to-earnings-growth ratio of 1.58 and a beta of 1.67. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.51. Netflix has a 52-week low of $75.01 and a 52-week high of $134.12.

Netflix (NASDAQ:NFLXGet Free Report) last released its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, topping the consensus estimate of $0.76 by $0.47. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The company had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. During the same quarter in the previous year, the company posted $6.61 earnings per share. The firm’s revenue was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities research analysts forecast that Netflix will post 24.58 earnings per share for the current year.

Insider Activity

In other news, CEO Gregory K. Peters sold 105,781 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $82.94, for a total transaction of $8,773,476.14. Following the transaction, the chief executive officer directly owned 122,140 shares in the company, valued at $10,130,291.60. The trade was a 46.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Hyman sold 5,727 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $81.06, for a total transaction of $464,230.62. Following the transaction, the insider directly owned 316,100 shares of the company’s stock, valued at $25,623,066. This represents a 1.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,487,794 shares of company stock valued at $136,255,772. 1.37% of the stock is owned by corporate insiders.

Institutional Trading of Netflix

Several hedge funds have recently modified their holdings of NFLX. Vanguard Group Inc. boosted its stake in shares of Netflix by 912.5% in the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock valued at $36,567,805,000 after buying an additional 351,493,659 shares in the last quarter. State Street Corp raised its position in Netflix by 927.6% in the fourth quarter. State Street Corp now owns 176,780,995 shares of the Internet television network’s stock worth $16,574,986,000 after acquiring an additional 159,578,053 shares in the last quarter. Geode Capital Management LLC raised its position in Netflix by 892.0% in the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock worth $9,305,336,000 after acquiring an additional 89,558,684 shares in the last quarter. Capital World Investors lifted its holdings in Netflix by 859.1% in the fourth quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network’s stock valued at $8,376,656,000 after acquiring an additional 80,025,890 shares during the period. Finally, Morgan Stanley lifted its holdings in Netflix by 903.0% in the fourth quarter. Morgan Stanley now owns 85,349,973 shares of the Internet television network’s stock valued at $8,002,414,000 after acquiring an additional 76,840,318 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Netflix

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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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