Netflix, Inc. (NASDAQ:NFLX – Get Free Report) Director Richard Barton sold 720 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $77.60, for a total transaction of $55,872.00. Following the completion of the transaction, the director directly owned 2,460 shares in the company, valued at approximately $190,896. This represents a 22.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Netflix Stock Down 1.0%
Shares of Netflix stock opened at $76.03 on Thursday. The company has a fifty day moving average price of $75.75 and a 200 day moving average price of $84.44. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $126.70. The stock has a market cap of $316.58 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 1.08 and a beta of 1.53.
Netflix (NASDAQ:NFLX – Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. The firm had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 EPS. Equities research analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Netflix
Analyst Upgrades and Downgrades
A number of research firms have weighed in on NFLX. DZ Bank restated a “buy” rating on shares of Netflix in a report on Monday, July 20th. China Renaissance dropped their price objective on shares of Netflix from $100.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, July 17th. HSBC reduced their target price on shares of Netflix from $104.00 to $96.00 and set a “buy” rating on the stock in a research report on Friday, July 17th. Oppenheimer set a $85.00 price target on shares of Netflix and gave the company an “outperform” rating in a report on Friday, July 17th. Finally, Phillip Securities upgraded shares of Netflix from a “moderate buy” rating to a “strong-buy” rating and set a $110.00 price objective on the stock in a report on Sunday, July 19th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $96.65.
Check Out Our Latest Analysis on NFLX
Netflix News Summary
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Investor Bill Ackman’s Pershing Square reportedly exited its remaining Alphabet position and established a sizable Netflix stake. The move provides a prominent vote of confidence in Netflix’s growth prospects and advertising strategy. Bill Ackman’s Netflix investment
- Positive Sentiment: Analysts and commentators argue that the pullback creates an attractive entry point, citing Netflix’s profitability, free-cash-flow potential and long-term competitive position. Netflix buying opportunity
- Positive Sentiment: One forecast sees Netflix’s advertising business exceeding $6 billion in revenue in 2027, suggesting substantial monetization upside if ad-supported viewing and pricing continue to scale. Netflix advertising forecast
- Positive Sentiment: The global success of South African film “The Polygamist” is supporting Netflix’s pipeline of local-language content and could strengthen international engagement. The Polygamist success
Netflix Company Profile
Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.
Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.
Read More
- Five stocks we like better than Netflix
- Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
- GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus
- Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer
- Sovereign AI: Palantir and Nebius Cut the Cloud Cord
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.
