Netflix (NASDAQ:NFLX) Shares Up 1.5% – Still a Buy?

Netflix, Inc. (NASDAQ:NFLX)’s stock price shot up 1.5% on Monday . The stock traded as high as $1,128.20 and last traded at $1,120.07. 3,681,330 shares were traded during mid-day trading, a decline of 8% from the average session volume of 4,010,562 shares. The stock had previously closed at $1,103.66.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NFLX. Canaccord Genuity Group restated a “buy” rating and set a $1,525.00 target price on shares of Netflix in a report on Wednesday, October 22nd. Jefferies Financial Group reissued a “buy” rating and set a $1,500.00 price objective on shares of Netflix in a research note on Wednesday, October 22nd. Benchmark restated a “hold” rating on shares of Netflix in a report on Wednesday, October 22nd. Erste Group Bank lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Friday, October 31st. Finally, Cowen reissued a “buy” rating on shares of Netflix in a report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,340.22.

Netflix Price Performance

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 company’s 50-day moving average price is $1,183.33 and its 200-day moving average price is $1,199.78. The company has a market cap of $474.61 billion, a P/E ratio of 46.79, a P/E/G ratio of 1.91 and a beta of 1.58.

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

Netflix (NASDAQ:NFLX) last released 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). Netflix had a return on equity of 41.86% and a net margin of 24.05%.The firm had revenue of $11.51 billion for the quarter, compared to the consensus estimate of $11.52 billion. During the same quarter last year, the company posted $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. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, Director Reed Hastings sold 42,176 shares of the firm’s 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 transaction of $49,426,897.92. Following the completion of the transaction, the director directly owned 394 shares of the company’s stock, valued at $461,736.48. This trade represents a 99.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 31,462 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $1,099.84, for a total transaction of $34,603,166.08. Following the completion of the sale, the insider directly owned 31,610 shares in the company, valued at approximately $34,765,942.40. This represents a 49.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 152,996 shares of company stock valued at $175,427,521 in the last 90 days. 1.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Netflix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Netflix by 0.4% during the third quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network’s stock worth $46,183,983,000 after acquiring an additional 142,238 shares in the last quarter. State Street Corp increased its position in shares of Netflix by 2.1% during the 2nd quarter. State Street Corp now owns 17,444,013 shares of the Internet television network’s stock worth $23,359,801,000 after purchasing an additional 360,604 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Netflix by 2.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock worth $10,940,505,000 after purchasing an additional 304,399 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Netflix by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 9,926,733 shares of the Internet television network’s stock worth $13,234,278,000 after purchasing an additional 229,182 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Netflix in the 2nd quarter valued at approximately $7,929,645,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Company Profile

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.