Netflix (NASDAQ:NFLX) Stock Rating Upgraded by Seaport Res Ptn

Netflix (NASDAQ:NFLX) was upgraded by stock analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research note issued 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.

A number of other equities research analysts have also issued reports on the stock. Piper Sandler raised their price target on shares of Netflix from $840.00 to $950.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays lifted their price target on Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a research report on Tuesday. Citigroup boosted their price objective on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Morgan Stanley raised their target price on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Argus raised their price target on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $845.06.

Netflix Price Performance

NASDAQ:NFLX opened at $842.37 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix has a 52-week low of $475.26 and a 52-week high of $941.75. The firm has a market capitalization of $360.08 billion, a price-to-earnings ratio of 47.67, a P/E/G ratio of 1.35 and a beta of 1.27. The stock has a fifty day moving average of $882.41 and a 200 day moving average of $756.61.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. On average, research analysts expect that Netflix will post 19.78 EPS for the current fiscal year.

Insider Activity

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Theodore A. Sarandos sold 1,278 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total transaction of $980,289.90. Following the completion of the sale, the chief executive officer now directly owns 2,556 shares of the company’s stock, valued at $1,960,579.80. This represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock valued at $127,616,898 in the last quarter. 1.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NFLX. Bradley Foster & Sargent Inc. CT grew its position in shares of Netflix by 55.1% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 1,556 shares of the Internet television network’s stock worth $1,050,000 after buying an additional 553 shares in the last quarter. Glass Jacobson Investment Advisors llc lifted its stake in Netflix by 187.6% in the second quarter. Glass Jacobson Investment Advisors llc now owns 440 shares of the Internet television network’s stock valued at $297,000 after buying an additional 287 shares during the last quarter. ProVise Management Group LLC boosted its holdings in shares of Netflix by 29.3% in the second quarter. ProVise Management Group LLC now owns 508 shares of the Internet television network’s stock valued at $343,000 after acquiring an additional 115 shares during the period. Ieq Capital LLC grew its position in shares of Netflix by 15.3% during the second quarter. Ieq Capital LLC now owns 53,677 shares of the Internet television network’s stock worth $36,226,000 after acquiring an additional 7,119 shares during the last quarter. Finally, Trust Investment Advisors acquired a new position in shares of Netflix in the 2nd quarter valued at $200,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.