Netflix (NASDAQ:NFLX) Stock Price Target Lowered at Guggenheim

Netflix (NASDAQ:NFLX) had its target price lowered by analysts at Guggenheim from $80.00 to $78.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the Internet television network’s stock. Guggenheim’s price target would indicate a potential upside of 13.55% from the company’s current price.

Other research analysts also recently issued reports about the stock. Stephens initiated coverage on shares of Netflix in a research report on Friday, July 17th. They set an “overweight” rating for the company. UBS Group reaffirmed a “reduce” rating on shares of Netflix in a report on Wednesday. TD Cowen reaffirmed a “buy” rating and set a $100.00 price target on shares of Netflix in a research report on Monday, October 5th. Piper Sandler reaffirmed an “overweight” rating and set a $85.00 price target (down from $115.00) on shares of Netflix in a research report on Friday, July 17th. Finally, Itau BBA Securities reduced their price objective on Netflix from $151.40 to $96.00 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $91.80.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $68.69 on Wednesday. The business’s 50 day moving average price is $74.92 and its 200 day moving average price is $80.20. The firm has a market cap of $286.02 billion, a P/E ratio of 21.62, a P/E/G ratio of 0.99 and a beta of 1.62. Netflix has a 52 week low of $65.08 and a 52 week high of $124.86. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.05. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The company had revenue of $12.87 billion for the quarter, compared to the consensus estimate of $12.87 billion. During the same quarter in the prior year, the company earned $0.59 EPS. Netflix’s quarterly revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts expect that Netflix will post 3.59 earnings per share for the current year.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the sale, the chief executive officer owned 120,931 shares in the company, valued at approximately $8,893,265.74. This trade represents a 18.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 5,723 shares of Netflix stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total transaction of $416,920.55. Following the completion of the transaction, the insider directly owned 316,100 shares of the company’s stock, valued at $23,027,885. The trade was a 1.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 179,045 shares of company stock worth $13,132,194. Insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On Netflix

Several hedge funds have recently modified their holdings of NFLX. Atticus Wealth Management LLC lifted its position in shares of Netflix by 8.1% during the 3rd quarter. Atticus Wealth Management LLC now owns 9,561 shares of the Internet television network’s stock valued at $665,000 after buying an additional 720 shares in the last quarter. Bell Bank grew its stake in Netflix by 30.8% in the 3rd quarter. Bell Bank now owns 28,800 shares of the Internet television network’s stock valued at $2,004,000 after acquiring an additional 6,777 shares during the period. Parkside Investments LLC grew its stake in Netflix by 21.7% in the 3rd quarter. Parkside Investments LLC now owns 18,250 shares of the Internet television network’s stock valued at $1,270,000 after acquiring an additional 3,250 shares during the period. Physician Wealth Advisors Inc. increased its holdings in Netflix by 23.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 3,775 shares of the Internet television network’s stock worth $263,000 after acquiring an additional 726 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its holdings in Netflix by 35.7% in the 3rd quarter. Pinnacle Associates Ltd. now owns 190,170 shares of the Internet television network’s stock worth $13,232,000 after acquiring an additional 50,014 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Q3 results exceeded profit expectations: Netflix reported $0.87 in diluted EPS versus roughly $0.82 expected. Revenue rose 12% year over year to $12.87 billion, while net income increased 44% to approximately $3.66 billion and operating margin reached 34.6%. Netflix Q3 earnings results
• Positive Sentiment: Management remains confident in long-term revenue growth: CFO Spencer Neumann said Netflix could deliver double-digit revenue growth into 2027 through pricing, advertising and a broad content slate, even if viewing-hour growth remains modest. Netflix CFO revenue growth outlook
• Positive Sentiment: Content and engagement initiatives are planned: Netflix is targeting stronger U.S. execution and expects upcoming films, series and live programming—including projects involving Brad Pitt, Narnia and NFL games—to improve viewing and membership trends. Netflix content and engagement strategy

Netflix Company Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.