Netflix’s (NFLX) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Netflix (NASDAQ:NFLX) in a report released on Wednesday, Marketbeat.com reports. The firm currently has a $1,500.00 price target on the Internet television network’s stock.

NFLX has been the subject of a number of other reports. The Goldman Sachs Group decreased their target price on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Piper Sandler upped their target price on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Jefferies Financial Group reissued a “buy” rating on shares of Netflix in a research report on Tuesday, October 14th. Canaccord Genuity Group reissued a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Finally, Rosenblatt Securities raised their price target on Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,352.78.

Netflix Stock Down 1.7%

Netflix stock opened at $1,094.69 on Wednesday. The company has a market capitalization of $463.85 billion, a P/E ratio of 45.73, a PEG ratio of 1.92 and a beta of 1.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.34 and a current ratio of 1.33. Netflix has a fifty-two week low of $747.77 and a fifty-two week high of $1,341.15. The stock has a 50-day simple moving average of $1,207.21 and a 200-day simple moving average of $1,185.28.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The firm had revenue of $11.51 billion during the quarter, compared to analyst estimates of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period last year, the company earned $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Equities research analysts expect that Netflix will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In other Netflix news, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction that occurred 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 is accessible through this link. Also, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director directly owned 394 shares in the company, valued at $461,736.48. This represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock worth $122,710,980 in the last three months. Company insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Netflix

A number of institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after acquiring an additional 257 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after acquiring an additional 144 shares during the period. GAMMA Investing LLC lifted its position in shares of Netflix by 17.6% during the 1st quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network’s stock valued at $8,836,000 after acquiring an additional 1,415 shares during the period. AssuredPartners Investment Advisors LLC lifted its position in shares of Netflix by 3.7% during the 1st quarter. AssuredPartners Investment Advisors LLC now owns 360 shares of the Internet television network’s stock valued at $336,000 after acquiring an additional 13 shares during the period. Finally, Ledyard National Bank lifted its position in shares of Netflix by 4.7% during the 1st quarter. Ledyard National Bank now owns 268 shares of the Internet television network’s stock valued at $250,000 after acquiring an additional 12 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

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.