Netflix (NASDAQ:NFLX) Upgraded at Seaport Res Ptn

Seaport Res Ptn upgraded shares of Netflix (NASDAQ:NFLX) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports. Seaport Res Ptn also issued estimates for Netflix’s Q4 2024 earnings at $4.22 EPS, Q2 2025 earnings at $5.99 EPS and FY2026 earnings at $28.36 EPS.

Several other analysts have also commented on NFLX. Oppenheimer dropped their price objective on Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating on the stock in a report on Wednesday. Benchmark lifted their price target on shares of Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a research note on Friday, January 3rd. Loop Capital reduced their price objective on shares of Netflix from $950.00 to $925.00 and set a “hold” rating for the company in a research report on Thursday. Morgan Stanley lifted their target price on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Canaccord Genuity Group boosted their target price on shares of Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $845.06.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $858.10 on Wednesday. The company has a market capitalization of $366.80 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The company’s fifty day moving average price is $883.32 and its 200 day moving average price is $757.20. Netflix has a 1 year low of $476.06 and a 1 year high of $941.75.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. On average, research analysts predict that Netflix will post 19.78 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares in the company, valued at $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 152,198 shares of company stock worth $127,616,898 over the last quarter. 1.76% of the stock is currently owned by company insiders.

Institutional Trading of Netflix

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Netflix during the 3rd quarter valued at about $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix in the third quarter worth $38,000. Finally, First Personal Financial Services purchased a new stake in shares of Netflix during the third quarter worth $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Company Profile

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.