Netflix (NASDAQ:NFLX) Given “Neutral” Rating at Barclays

Netflix (NASDAQ:NFLX)‘s stock had its “neutral” rating reissued by stock analysts at Barclays in a report issued on Friday,MarketScreener Latest Ratings reports. They currently have a $110.00 price objective on the Internet television network’s stock. Barclays‘s target price would suggest a potential upside of 9.84% from the company’s previous close.

Several other brokerages have also weighed in on NFLX. Argus set a $141.00 target price on shares of Netflix in a research report on Thursday, October 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price objective on shares of Netflix in a research note on Wednesday, October 22nd. DZ Bank restated a “buy” rating on shares of Netflix in a research report on Monday, November 17th. Morgan Stanley set a $150.00 price target on Netflix in a research note on Monday, October 13th. Finally, Citigroup reiterated a “neutral” rating and set a $129.50 price objective (up from $128.00) on shares of Netflix in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $134.54.

Netflix Stock Performance

NFLX traded down $3.07 on Friday, hitting $100.15. 123,377,038 shares of the stock traded hands, compared to its average volume of 40,213,383. The business has a fifty day moving average price of $113.27 and a two-hundred day moving average price of $119.25. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. Netflix has a 52 week low of $82.11 and a 52 week high of $134.12. The firm has a market capitalization of $424.36 billion, a PE ratio of 41.83, a P/E/G ratio of 1.54 and a beta of 1.71.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $5.18. The business had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.Netflix’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. Netflix has set its Q4 2025 guidance at 5.450-5.450 EPS. On average, research analysts predict that Netflix will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, Director Reed Hastings sold 421,760 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $117.19, for a total transaction of $49,426,897.92. Following the sale, the director directly owned 3,940 shares of the company’s stock, valued at $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 26,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $117.25, for a total transaction of $3,048,526.00. Following the completion of the transaction, the chief financial officer owned 36,910 shares of the company’s stock, valued at $4,327,734.41. This trade represents a 41.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,619,840 shares of company stock valued at $181,648,613 in the last three months. 1.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Netflix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. Brighton Jones LLC lifted its holdings in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after buying an additional 257 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after acquiring an additional 144 shares during the last quarter. Exencial Wealth Advisors LLC lifted its stake in shares of Netflix by 2.3% in the 1st quarter. Exencial Wealth Advisors LLC now owns 1,530 shares of the Internet television network’s stock valued at $1,427,000 after purchasing an additional 34 shares during the period. Ironwood Investment Counsel LLC bought a new position in shares of Netflix in the 1st quarter worth $215,000. Finally, Fayez Sarofim & Co grew its stake in shares of Netflix by 166.7% during the first quarter. Fayez Sarofim & Co now owns 1,288 shares of the Internet television network’s stock worth $1,202,000 after purchasing an additional 805 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.