Netflix (NASDAQ:NFLX) Receives Outperform Rating from Wedbush

Wedbush restated their outperform rating on shares of Netflix (NASDAQ:NFLX) in a report released on Wednesday morning,RTT News reports. Wedbush currently has a $1,150.00 price target on the Internet television network’s stock, up from their previous price target of $950.00. 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.

Several other research firms have also recently commented on NFLX. Evercore ISI increased their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday. Robert W. Baird increased their price objective on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday. Bank of America lifted their target price on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $715.00 to $900.00 in a research note on Wednesday. Finally, UBS Group lifted their price objective on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,009.29.

Netflix Stock Down 0.7 %

NASDAQ NFLX opened at $977.59 on Wednesday. The stock’s 50 day simple moving average is $892.06 and its 200 day simple moving average is $764.95. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. Netflix has a one year low of $542.01 and a one year high of $999.00. The firm has a market cap of $417.88 billion, a PE ratio of 49.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $2.11 earnings per share. As a group, sell-side analysts forecast that Netflix will post 23.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders have sold 147,117 shares of company stock valued at $123,913,691 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Netflix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Patron Partners LLC lifted its position in Netflix by 4.6% during the 4th quarter. Patron Partners LLC now owns 1,214 shares of the Internet television network’s stock worth $1,082,000 after buying an additional 53 shares in the last quarter. Trust Point Inc. increased its position in shares of Netflix by 5.3% in the fourth quarter. Trust Point Inc. now owns 3,091 shares of the Internet television network’s stock valued at $2,755,000 after acquiring an additional 155 shares during the last quarter. Blodgett Wealth Advisors LLC raised its holdings in Netflix by 49.4% during the fourth quarter. Blodgett Wealth Advisors LLC now owns 635 shares of the Internet television network’s stock worth $566,000 after acquiring an additional 210 shares in the last quarter. Matisse Capital acquired a new position in Netflix during the fourth quarter valued at approximately $250,000. Finally, Childress Capital Advisors LLC grew its stake in Netflix by 1.9% in the fourth quarter. Childress Capital Advisors LLC now owns 1,680 shares of the Internet television network’s stock valued at $1,497,000 after purchasing an additional 31 shares in the last quarter. 80.93% of the stock is currently 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.