Netflix, Inc. (NASDAQ:NFLX – Get Free Report) fell 1% on Tuesday . The company traded as low as $87.25 and last traded at $87.68. 23,611,506 shares changed hands during trading, a decline of 48% from the average session volume of 45,197,582 shares. The stock had previously closed at $88.60.
Analysts Set New Price Targets
NFLX has been the topic of several research reports. Morgan Stanley restated an “overweight” rating on shares of Netflix in a research note on Friday, April 17th. Arete Research raised shares of Netflix from a “neutral” rating to a “buy” rating in a research report on Friday, February 27th. Barclays set a $110.00 price target on shares of Netflix and gave the company an “equal weight” rating in a report on Friday, April 17th. Phillip Securities increased their price objective on shares of Netflix from $100.00 to $110.00 in a research note on Monday, April 20th. Finally, Bank of America reissued a “buy” rating and set a $125.00 price objective on shares of Netflix in a report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.82.
Netflix Stock Performance
Netflix (NASDAQ:NFLX – Get Free Report) last posted its earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, beating 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 analysts’ expectations of $12.17 billion. During the same quarter in the prior year, the company posted $6.61 earnings per share. Netflix’s revenue for the quarter was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.
Insider Transactions at Netflix
In related news, CEO Gregory K. Peters sold 27,312 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $88.69, for a total transaction of $2,422,301.28. Following the transaction, the chief executive officer directly owned 120,931 shares in the company, valued at $10,725,370.39. The trade was a 18.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 9,253 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $88.95, for a total value 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 represents a 11.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,422,769 shares of company stock worth $135,144,073. 1.24% of the stock is currently owned by corporate insiders.
Institutional Trading of Netflix
Large investors have recently bought and sold shares of the stock. Summit Financial Wealth Advisors LLC purchased a new position in Netflix in the 1st quarter worth $221,000. Summitry LLC grew its stake in Netflix by 79.6% during the 1st quarter. Summitry LLC now owns 587,347 shares of the Internet television network’s stock valued at $56,473,000 after purchasing an additional 260,248 shares during the last quarter. Groupama Asset Managment increased its holdings in shares of Netflix by 422.7% in the first quarter. Groupama Asset Managment now owns 313,533 shares of the Internet television network’s stock valued at $30,146,000 after purchasing an additional 253,553 shares during the period. WNY Asset Management LLC purchased a new position in shares of Netflix in the first quarter worth about $238,000. Finally, Coastline Complete Wealth LLC purchased a new position in shares of Netflix in the first quarter worth about $224,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.
About Netflix
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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