Netflix, Inc. (NASDAQ:NFLX – Get Free Report) shares traded down 2.1% on Monday . The stock traded as low as $75.71 and last traded at $76.02. 40,668,938 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 45,387,129 shares. The stock had previously closed at $77.65.
Key Headlines Impacting Netflix
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Netflix is expanding into short-form video through licensing deals with major publishers like Condé Nast, Penske brands, BuzzFeed, and Tastemade, a move meant to boost engagement and compete more directly for viewing time. Netflix dabbles in shorter video content with its new set of publisher deals
- Positive Sentiment: Several commentators argued the selloff may have created a potential buying opportunity, citing resilient growth, strong free cash flow, and improving ad revenue prospects. Netflix: A Knife Actually Worth Catching
- Positive Sentiment: Netflix is reportedly among the companies exploring a bid for U.S. FIFA World Cup broadcast rights, which could strengthen its live-sports/content strategy if it wins rights. Netflix, Disney and YouTube interested in FIFA World Cup U.S. rights
Analysts Set New Price Targets
A number of research analysts recently weighed in on NFLX shares. Barclays set a $110.00 price objective on shares of Netflix and gave the company an “equal weight” rating in a research note on Friday, April 17th. KeyCorp reissued an “overweight” rating and set a $115.00 price objective (up from $108.00) on shares of Netflix in a report on Tuesday, April 14th. Piper Sandler restated an “overweight” rating and issued a $115.00 target price (up from $103.00) on shares of Netflix in a research note on Friday, April 17th. Needham & Company LLC reissued a “buy” rating on shares of Netflix in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Netflix in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.02.
Netflix Trading Down 0.8%
The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $318.29 billion, a P/E ratio of 24.42, a price-to-earnings-growth ratio of 0.97 and a beta of 1.52. The firm’s 50-day simple moving average is $82.80 and its 200-day simple moving average is $87.99.
Netflix (NASDAQ:NFLX – Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.47. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The company had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. During the same period in the previous year, the firm posted $6.61 EPS. The firm’s revenue was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Analysts anticipate that Netflix, Inc. will post 3.6 EPS for the current year.
Insider Buying and Selling
In other Netflix news, CFO Spencer Adam Neumann sold 9,253 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total transaction of $823,054.35. Following the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at $6,563,353.65. This trade represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Hyman sold 5,722 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $88.08, for a total transaction of $503,993.76. Following the completion of the sale, the insider owned 316,100 shares of the company’s stock, valued at approximately $27,842,088. The trade was a 1.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 899,839 shares of company stock worth $80,141,661 over the last ninety days. Corporate insiders own 1.24% of the company’s stock.
Institutional Trading of Netflix
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tortoise Investment Management LLC raised its stake in Netflix by 10.8% during the 3rd quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network’s stock worth $110,000 after buying an additional 9 shares during the period. Pacific Sun Financial Corp grew its stake in Netflix by 1.6% in the third quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network’s stock valued at $688,000 after acquiring an additional 9 shares during the period. Brass Tax Wealth Management Inc. increased its holdings in shares of Netflix by 3.2% during the third quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network’s stock valued at $345,000 after acquiring an additional 9 shares in the last quarter. Beaird Harris Wealth Management LLC raised its position in shares of Netflix by 9.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock worth $137,000 after purchasing an additional 10 shares during the period. Finally, Monograph Wealth Advisors LLC raised its position in shares of Netflix by 1.8% during the second quarter. Monograph Wealth Advisors LLC now owns 682 shares of the Internet television network’s stock worth $913,000 after purchasing an additional 12 shares during the period. Institutional investors own 80.93% of the company’s stock.
Netflix Company Profile
Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.
The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.
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