Netflix (NASDAQ:NFLX) Trading 3.4% Higher – Should You Buy?

by · The Markets Daily

Netflix, Inc. (NASDAQ:NFLX – Get Free Report) traded up 3.4% during trading on Tuesday . The company traded as high as $115.25 and last traded at $114.09. 43,261,071 shares changed hands during trading, an increase of 8% from the average session volume of 40,037,125 shares. The stock had previously closed at $110.29.

Analyst Ratings Changes

A number of research firms recently weighed in on NFLX. KGI Securities raised shares of Netflix from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a report on Monday, November 3rd. Argus set a $141.00 target price on shares of Netflix in a report on Thursday, October 23rd. Barclays decreased their target price on shares of Netflix to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Robert W. Baird lifted their price target on Netflix from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, Zacks Research downgraded Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $133.93.

Get Our Latest Stock Analysis on NFLX

Netflix Stock Performance

The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average price of $117.11 and a 200 day moving average price of $120.04. The stock has a market cap of $48.34 billion, a P/E ratio of 4.77, a PEG ratio of 1.91 and a beta of 1.58.

Netflix (NASDAQ:NFLX – Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.10). The business had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.Netflix’s revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 20,270 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $109.57, for a total transaction of $2,220,943.36. Following the transaction, the chief executive officer directly owned 127,810 shares in the company, valued at approximately $14,003,886.08. This trade represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 20,270 shares of Netflix stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $109.21, for a total value of $2,213,646.16. Following the completion of the transaction, the chief executive officer owned 151,680 shares in the company, valued at $16,564,669.44. This represents a 11.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,529,960 shares of company stock valued at $175,427,521. 1.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Netflix

A number of large investors have recently added to or reduced their stakes in the company. Imprint Wealth LLC acquired a new position in shares of Netflix during the third quarter worth $25,000. Legacy Investment Solutions LLC purchased a new position in Netflix during the 2nd quarter worth $31,000. Retirement Wealth Solutions LLC acquired a new position in Netflix during the 3rd quarter valued at about $28,000. Stephens Consulting LLC increased its position in Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after buying an additional 15 shares in the last quarter. Finally, Rossby Financial LCC purchased a new stake in Netflix in the second quarter valued at about $35,000. 80.93% of the stock is currently owned by institutional investors.

About Netflix

(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.

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