Netflix (NASDAQ:NFLX) Stock Rating Lowered by Erste Group Bank

Netflix (NASDAQ:NFLX) was downgraded by stock analysts at Erste Group Bank from a “buy” rating to a “hold” rating in a note issued to investors on Friday, Marketbeat Ratings reports.

A number of other research firms also recently weighed in on NFLX. Rosenblatt Securities raised their price target on shares of Netflix from $1,515.00 to $1,530.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen cut Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Wedbush cut their target price on Netflix from $1,500.00 to $1,400.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. Sanford C. Bernstein reiterated a “buy” rating on shares of Netflix in a research note on Friday, October 17th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $1,400.00 target price (down from $1,500.00) on shares of Netflix in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,341.12.

Netflix Stock Up 2.7%

Shares of NASDAQ:NFLX opened at $1,118.86 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. Netflix has a 52-week low of $747.77 and a 52-week high of $1,341.15. The company has a 50 day moving average of $1,195.64 and a two-hundred day moving average of $1,194.84. The company has a market capitalization of $474.09 billion, a price-to-earnings ratio of 46.74, a price-to-earnings-growth ratio of 1.91 and a beta of 1.59.

Netflix’s stock is set to split before the market opens on Monday, November 17th. The 10-1 split was announced on Thursday, October 30th. The newly minted shares will be issued to shareholders after the market closes on Friday, November 14th.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.88 by ($1.01). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm had revenue of $11.51 billion during the quarter, compared to analyst estimates of $11.52 billion. During the same period last year, the business earned $5.40 EPS. The firm’s revenue was up 17.2% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, analysts forecast that Netflix will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the sale, the director owned 394 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 78,734 shares of company stock valued at $93,224,176. 1.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Netflix

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Optima Capital LLC raised its position in Netflix by 3.5% in the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock worth $320,000 after acquiring an additional 8 shares in the last quarter. Unified Investment Management raised its position in Netflix by 1.7% in the second quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock worth $635,000 after acquiring an additional 8 shares in the last quarter. Plancorp LLC raised its position in Netflix by 0.6% in the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock worth $1,711,000 after acquiring an additional 8 shares in the last quarter. Five Oceans Advisors raised its position in Netflix by 1.1% in the second quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock worth $1,006,000 after acquiring an additional 8 shares in the last quarter. Finally, Old Port Advisors increased its stake in Netflix by 1.3% in the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock worth $836,000 after purchasing an additional 8 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

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.