Netflix (NASDAQ:NFLX) Raised to Strong-Buy at Seaport Res Ptn

Netflix (NASDAQ:NFLX) was upgraded by equities researchers at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,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 research firms have also commented on NFLX. Benchmark increased their price target on shares of Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a research report on Friday, January 3rd. Jefferies Financial Group lifted their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Guggenheim upped their price objective on Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a report on Monday. KeyCorp boosted their price target on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Oppenheimer cut 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. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $845.06.

Netflix Trading Down 0.7 %

NASDAQ:NFLX opened at $842.37 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $360.08 billion, a P/E ratio of 47.67, a PEG ratio of 1.35 and a beta of 1.27. The stock’s 50 day simple moving average is $882.41 and its 200-day simple moving average is $756.61. Netflix has a 12-month low of $475.26 and a 12-month high of $941.75.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Equities analysts anticipate that Netflix will post 19.78 EPS for the current year.

Insider Buying and Selling

In other Netflix news, Director Richard N. Barton sold 5,698 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the sale, 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 SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the firm’s 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 transaction, the chairman now directly owns 114 shares in the company, valued at $102,212.40. This trade represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 152,198 shares of company stock worth $127,616,898 in the last 90 days. 1.76% of the stock is owned by company insiders.

Hedge Funds Weigh In On Netflix

A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix in the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the period. Decker Retirement Planning Inc. bought a new stake in shares of Netflix during the fourth quarter worth $43,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix during the third quarter worth $37,000. Finally, FSA Wealth Management LLC bought a new stake in Netflix in the 3rd quarter valued at $38,000. 80.93% of the stock is owned by institutional investors.

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.