Netflix (NASDAQ:NFLX) Shares Scheduled to Split on Monday, November 17th

Shares of Netflix, Inc. (NASDAQ:NFLX) are scheduled to split on Monday, November 17th. The 10-1 split was announced on Thursday, October 30th. The newly issued shares will be payable to shareholders after the closing bell on Friday, November 14th.

Netflix Trading Up 0.6%

NFLX opened at $1,103.66 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $467.66 billion, a price-to-earnings ratio of 46.10, a PEG ratio of 1.91 and a beta of 1.58. The business has a fifty day moving average price of $1,183.33 and a 200 day moving average price of $1,198.73. Netflix has a 12 month low of $788.65 and a 12 month high of $1,341.15.

Netflix (NASDAQ:NFLX) last posted its quarterly 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). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The company had revenue of $11.51 billion during the quarter, compared to analyst estimates of $11.52 billion. During the same period in the prior year, the business earned $5.40 EPS. Netflix’s revenue for the quarter was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Sell-side analysts expect that Netflix will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent analyst reports. Morgan Stanley set a $1,500.00 price objective on shares of Netflix in a research report on Monday, October 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Netflix in a report on Wednesday, October 8th. Sanford C. Bernstein restated a “buy” rating on shares of Netflix in a research note on Friday, October 31st. Citic Securities decreased their price target on Netflix from $1,280.00 to $1,250.00 and set a “hold” rating for the company in a report on Wednesday, October 29th. Finally, Phillip Securities downgraded Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,340.22.

Insider Activity at Netflix

In other Netflix news, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction 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 transaction, the director directly owned 394 shares in the company, valued at approximately $461,736.48. The trade was a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 2,027 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $1,095.68, for a total transaction of $2,220,943.36. Following the sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at $14,003,886.08. This trade represents a 13.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 152,996 shares of company stock worth $175,427,521 in the last three months. Company insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Netflix

Hedge funds have recently modified their holdings of the stock. Legacy Investment Solutions LLC purchased a new position in Netflix in the second quarter worth $31,000. Retirement Wealth Solutions LLC acquired a new position in Netflix during the third quarter worth about $28,000. Stephens Consulting LLC lifted its position in shares of 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 acquiring an additional 15 shares during the period. Rossby Financial LCC purchased a new stake in shares of Netflix during the 2nd quarter worth approximately $35,000. Finally, Steph & Co. grew its holdings in shares of Netflix by 188.9% in the 3rd quarter. Steph & Co. now owns 26 shares of the Internet television network’s stock worth $31,000 after acquiring an additional 17 shares during the period. 80.93% of the stock is 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.