Wolfe Research Cuts Netflix (NASDAQ:NFLX) Price Target to $121.00

by · The Cerbat Gem

Netflix (NASDAQ:NFLX – Free Report) had its price target lowered by Wolfe Research from $139.00 to $121.00 in a research report sent to investors on Monday, Marketbeat Ratings reports. Wolfe Research currently has an outperform rating on the Internet television network’s stock.

NFLX has been the topic of a number of other research reports. DZ Bank restated a “buy” rating on shares of Netflix in a report on Friday, December 5th. Piper Sandler restated an “overweight” rating and set a $140.00 price objective (down from $150.00) on shares of Netflix in a research note on Wednesday, October 22nd. Erste Group Bank downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Friday, October 31st. Needham & Company LLC reissued a “buy” rating and set a $150.00 price target on shares of Netflix in a research report on Tuesday, December 9th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Netflix in a research report on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.51.

Check Out Our Latest Research Report on NFLX

Netflix Stock Performance

Shares of NFLX stock opened at $94.79 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The firm has a fifty day simple moving average of $109.11 and a two-hundred day simple moving average of $117.76. Netflix has a 12 month low of $82.11 and a 12 month high of $134.12. The firm has a market capitalization of $401.66 billion, a PE ratio of 39.59 and a beta of 1.71.

Netflix (NASDAQ:NFLX – Get Free Report) last issued its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $5.18. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.52 billion. During the same period last year, the company earned $0.54 earnings per share. The business’s revenue was up 17.2% on a year-over-year basis. Netflix has set its Q4 2025 guidance at 5.450-5.450 EPS. Analysts forecast that Netflix will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 20,270 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $109.57, for a total transaction of $2,220,943.36. Following the transaction, the chief executive officer owned 127,810 shares in the company, valued at approximately $14,003,886.08. This represents a 13.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cletus R. Willems sold 2,380 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $110.03, for a total value of $261,878.54. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,619,840 shares of company stock worth $181,648,613. Insiders own 1.37% of the company’s stock.

Institutional Trading of Netflix

Hedge funds and other institutional investors have recently modified their holdings of the business. Optima Capital LLC raised its position in shares of Netflix by 3.5% in the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock valued at $320,000 after buying an additional 8 shares during the last quarter. Unified Investment Management boosted its position in Netflix by 1.7% during the second quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock worth $635,000 after acquiring an additional 8 shares during the last quarter. Plancorp LLC grew its stake in Netflix by 0.6% during the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock valued at $1,711,000 after acquiring an additional 8 shares in the last quarter. Five Oceans Advisors raised its holdings in Netflix by 1.1% in the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock valued at $1,006,000 after acquiring an additional 8 shares during the last quarter. Finally, Old Port Advisors raised its holdings in Netflix by 1.3% in the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock valued at $836,000 after acquiring an additional 8 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Company Profile

(Get Free Report)

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.

See Also