Netflix FY2024 EPS Forecast Decreased by Seaport Res Ptn

Netflix, Inc. (NASDAQ:NFLX) – Analysts at Seaport Res Ptn cut their FY2024 EPS estimates for shares of Netflix in a research report issued on Wednesday, January 15th. Seaport Res Ptn analyst D. Joyce now expects that the Internet television network will post earnings of $19.79 per share for the year, down from their prior forecast of $19.81. Seaport Res Ptn currently has a “Strong-Buy” rating on the stock. The consensus estimate for Netflix’s current full-year earnings is $19.78 per share. Seaport Res Ptn also issued estimates for Netflix’s Q1 2025 earnings at $5.95 EPS, Q3 2025 earnings at $6.64 EPS, Q4 2025 earnings at $5.30 EPS and FY2025 earnings at $23.89 EPS.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%.

Several other brokerages also recently weighed in on NFLX. Rosenblatt Securities restated a “neutral” rating and issued a $680.00 target price on shares of Netflix in a research note on Thursday. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Saturday, December 21st. Evercore ISI raised their price objective on shares of Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Oppenheimer decreased their target price on shares of Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th. Finally, Barclays raised their target price on Netflix from $550.00 to $715.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average price target of $845.06.

Netflix Stock Performance

NASDAQ:NFLX opened at $858.10 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix has a twelve month low of $476.06 and a twelve month high of $941.75. The firm has a market capitalization of $366.80 billion, a price-to-earnings ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27. The firm’s fifty day simple moving average is $884.58 and its 200 day simple moving average is $759.04.

Hedge Funds Weigh In On Netflix

Institutional investors have recently added to or reduced their stakes in the company. Advisory Resource Group grew its position in Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after purchasing an additional 12 shares during the last quarter. Insight Wealth Strategies LLC increased its position in shares of Netflix by 1.9% during the 4th quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock valued at $585,000 after purchasing an additional 12 shares during the last quarter. Sunflower Bank N.A. lifted its stake in shares of Netflix by 2.1% in the 4th quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock worth $513,000 after purchasing an additional 12 shares during the period. D.B. Root & Company LLC grew its position in Netflix by 4.1% during the fourth quarter. D.B. Root & Company LLC now owns 331 shares of the Internet television network’s stock valued at $295,000 after buying an additional 13 shares during the period. Finally, New World Advisors LLC increased its holdings in Netflix by 2.0% during the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after buying an additional 14 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, Director Richard N. Barton sold 5,698 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the transaction, the director now directly owns 246 shares of the company’s stock, valued at approximately $185,976. The trade was a 95.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,198 shares of company stock valued at $127,616,898. Company insiders own 1.76% 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.