Netflix (NASDAQ:NFLX) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Netflix (NASDAQ:NFLX) from a hold rating to a buy rating in a report published on Saturday morning.

Other equities analysts also recently issued reports about the stock. Robert W. Baird lifted their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Loop Capital reissued a “hold” rating on shares of Netflix in a report on Tuesday, July 15th. UBS Group restated a “market underperform” rating on shares of Netflix in a report on Saturday, July 19th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Netflix in a report on Tuesday, August 12th. Finally, Phillip Securities downgraded shares of Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $1,317.58.

Netflix Trading Up 1.2%

Shares of NFLX opened at $1,202.26 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a market cap of $510.88 billion, a PE ratio of 51.23, a PEG ratio of 2.00 and a beta of 1.60. Netflix has a 1 year low of $677.88 and a 1 year high of $1,341.15. The stock has a 50 day simple moving average of $1,216.40 and a 200-day simple moving average of $1,135.17.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the previous year, the firm earned $4.88 EPS. Netflix’s quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, sell-side analysts predict that Netflix will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,290,418.40. This trade represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Reed Hastings sold 25,959 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the sale, the director directly owned 394 shares of the company’s stock, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock valued at $109,498,489 over the last 90 days. Company insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Netflix

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares during the period. Norges Bank bought a new position in shares of Netflix during the 2nd quarter worth approximately $7,929,645,000. Laurel Wealth Advisors LLC raised its holdings in shares of 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 valued at $6,536,466,000 after purchasing an additional 4,877,335 shares during the last quarter. Nuveen LLC bought a new stake in shares of Netflix in the first quarter worth $2,385,585,000. Finally, Kingstone Capital Partners Texas LLC lifted its position in shares of Netflix by 343,058.2% in 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. Institutional investors own 80.93% of the company’s stock.

About Netflix

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.