Netflix (NASDAQ:NFLX) Stock Price Up 2.6% – Time to Buy?

Netflix, Inc. (NASDAQ:NFLX)’s stock price rose 2.6% during mid-day trading on Monday . The stock traded as high as $108.04 and last traded at $106.97. Approximately 62,159,542 shares were traded during mid-day trading, an increase of 55% from the average daily volume of 40,084,441 shares. The stock had previously closed at $104.31.

Analyst Ratings Changes

NFLX has been the subject of several research analyst reports. TD Cowen cut their price objective on Netflix from $145.00 to $142.50 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $152.50 price target on shares of Netflix in a research report on Wednesday, October 22nd. Sanford C. Bernstein reissued a “buy” rating on shares of Netflix in a research report on Wednesday, November 19th. JPMorgan Chase & Co. lowered their price objective on shares of Netflix from $127.50 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Finally, Loop Capital dropped their target price on shares of Netflix from $135.00 to $132.50 in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $133.93.

Netflix Price Performance

The stock has a market cap of $449.75 billion, a P/E ratio of 4.43, a price-to-earnings-growth ratio of 1.91 and a beta of 1.58. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The company’s fifty day simple moving average is $115.41 and its 200-day simple moving average is $119.67.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, beating the consensus estimate of $0.69 by $5.18. The business had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm’s revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 314,620 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $109.98, for a total transaction of $34,603,166.08. Following the completion of the sale, the insider owned 316,100 shares in the company, valued at $34,765,942.40. This trade represents a 49.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 20,270 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $109.57, for a total transaction of $2,220,943.36. Following the sale, the chief executive officer directly owned 127,810 shares of the company’s stock, valued at approximately $14,003,886.08. The trade was a 13.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,529,960 shares of company stock worth $175,427,521 in the last quarter. 1.37% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Netflix

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in Netflix during the second quarter valued at approximately $7,929,645,000. Laurel Wealth Advisors LLC raised its holdings in Netflix by 128,553.9% in 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 purchasing an additional 4,877,335 shares during the period. Nuveen LLC bought a new position in shares of Netflix during the first quarter worth $2,385,585,000. Kingstone Capital Partners Texas LLC boosted its position in shares of Netflix by 343,058.2% during the second 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 purchasing an additional 2,463,158 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Netflix by 57.3% in 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 buying an additional 1,236,251 shares during the period. 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.