Barclays Cuts Netflix (NASDAQ:NFLX) Price Target to $110.00

Netflix (NASDAQ:NFLX) had its price target reduced by investment analysts at Barclays to $110.00 in a research note issued on Tuesday, MarketBeat reports. The firm presently has an “equal weight” rating on the Internet television network’s stock. Barclays‘s price objective indicates a potential upside of 2.71% from the stock’s previous close.

Several other equities research analysts have also recently commented on NFLX. UBS Group reaffirmed a “buy” rating on shares of Netflix in a research note on Wednesday, November 12th. JPMorgan Chase & Co. reduced their price objective on shares of Netflix from $127.50 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday. Citic Securities lowered their price objective on shares of Netflix from $128.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, October 29th. Wells Fargo & Company cut their target price on shares of Netflix from $156.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Finally, Loop Capital reduced their price target on shares of Netflix from $135.00 to $132.50 in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average price target of $133.93.

Netflix Trading Down 2.6%

Shares of NFLX traded down $2.90 during trading hours on Tuesday, hitting $107.10. 17,497,655 shares of the stock were exchanged, compared to its average volume of 39,891,953. Netflix has a fifty-two week low of $82.11 and a fifty-two week high of $134.12. The business has a 50-day moving average of $116.57 and a 200-day moving average of $119.93. The firm has a market capitalization of $453.82 billion, a P/E ratio of 4.48, a price-to-earnings-growth ratio of 1.91 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $5.18. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The business had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.52 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The business’s quarterly 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. On average, research analysts expect that Netflix will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other news, Director Reed Hastings sold 421,760 shares of Netflix stock in a transaction dated 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 completion of the transaction, the director directly owned 3,940 shares in the company, valued at $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 20,270 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $109.21, for a total transaction of $2,213,646.16. Following the sale, the chief executive officer directly owned 151,680 shares of the company’s stock, valued at approximately $16,564,669.44. The trade was a 11.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,529,960 shares of company stock valued at $175,427,521. Corporate insiders own 1.37% of the company’s stock.

Institutional Trading of Netflix

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Netflix in the 2nd quarter worth about $7,929,645,000. Laurel Wealth Advisors LLC raised its stake in shares of Netflix by 128,553.9% during the second quarter. Laurel Wealth Advisors LLC now owns 4,881,129 shares of the Internet television network’s stock worth $6,536,466,000 after acquiring an additional 4,877,335 shares in the last quarter. Nuveen LLC bought a new stake in shares of Netflix in the 1st quarter worth approximately $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Netflix by 343,058.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock worth $3,299,450,000 after acquiring an additional 2,463,158 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after purchasing an additional 1,236,251 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other 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.