Wedbush Reiterates “Outperform” Rating for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX)‘s stock had its “outperform” rating reiterated by Wedbush in a report issued on Wednesday,RTT News reports. They presently have a $1,150.00 target price on the Internet television network’s stock, up from their previous target price of $950.00. Wedbush’s price objective points to a potential upside of 16.77% from the company’s current price. Wedbush also issued estimates for Netflix’s Q1 2025 earnings at $5.75 EPS, Q2 2025 earnings at $6.17 EPS, Q3 2025 earnings at $6.80 EPS, Q4 2025 earnings at $5.60 EPS, FY2025 earnings at $24.32 EPS, Q1 2026 earnings at $7.10 EPS, Q2 2026 earnings at $7.29 EPS, Q3 2026 earnings at $7.97 EPS, Q4 2026 earnings at $6.69 EPS, FY2026 earnings at $29.05 EPS and FY2027 earnings at $34.09 EPS.

NFLX has been the subject of a number of other research reports. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research report on Saturday, December 21st. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and increased their price objective for the stock from $940.00 to $1,150.00 in a report on Wednesday. UBS Group boosted their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday. Sanford C. Bernstein raised their price target on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a research report on Wednesday. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $996.94.

Netflix Stock Performance

Shares of NFLX opened at $984.86 on Wednesday. The stock has a market capitalization of $420.99 billion, a PE ratio of 49.67, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27. The business’s fifty day moving average price is $889.11 and its 200 day moving average price is $763.41. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix has a 12-month low of $537.07 and a 12-month high of $999.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 39.48%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.11 EPS. Equities research analysts forecast that Netflix will post 23.43 EPS for the current year.

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 1,278 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total transaction of $980,289.90. Following the transaction, the chief executive officer now directly owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. The trade was a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the sale, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 146,500 shares of company stock valued at $123,309,210. Company insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Hedge funds have recently modified their holdings of the stock. DigitalBridge Group Inc. increased its position in Netflix by 35.5% in the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after purchasing an additional 9,451 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock valued at $760,918,000 after buying an additional 156,958 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Netflix by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after buying an additional 29,726 shares in the last quarter. Natixis Advisors LLC increased its holdings in Netflix by 2.0% in the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after buying an additional 11,921 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in Netflix by 4.2% in the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after acquiring an additional 1,684 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

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.