Key Points
- Netflix director Richard Barton sold 720 shares at an average price of $77.60, generating $55,872 and reducing his direct holdings by 22.64% to 2,460 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Netflix reported quarterly revenue of $12.56 billion and earnings of $0.80 per share, narrowly beating analysts’ EPS expectations while revenue rose 13.4% year over year. The stock opened at $76.03, well below its 52-week high of $126.70.
- Institutional investors own approximately 80.93% of Netflix, while analysts maintain a “Moderate Buy” consensus with an average price target of $96.65 despite some recent downgrades.
Netflix, Inc. (NASDAQ:NFLX - Get Free Report) Director Richard Barton sold 720 shares of the business's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $77.60, for a total transaction of $55,872.00. Following the sale, the director directly owned 2,460 shares of the company's stock, valued at approximately $190,896. This represents a 22.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Netflix Stock Performance
Shares of NASDAQ NFLX opened at $76.03 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The firm's 50-day moving average price is $75.75 and its two-hundred day moving average price is $84.44. Netflix, Inc. has a 52-week low of $65.08 and a 52-week high of $126.70. The stock has a market capitalization of $316.58 billion, a P/E ratio of 23.93, a P/E/G ratio of 1.08 and a beta of 1.53.
Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.01. The company had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.Netflix's quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 earnings per share. As a group, sell-side analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current year.
Hedge Funds Weigh In On Netflix
Institutional investors and hedge funds have recently bought and sold shares of the stock. Van Hulzen Asset Management LLC lifted its position in Netflix by 31.6% in the second quarter. Van Hulzen Asset Management LLC now owns 17,175 shares of the Internet television network's stock worth $1,226,000 after purchasing an additional 4,120 shares during the period. Scholtz & Company LLC raised its stake in shares of Netflix by 3.5% in the 2nd quarter. Scholtz & Company LLC now owns 54,213 shares of the Internet television network's stock worth $3,871,000 after buying an additional 1,847 shares in the last quarter. National Pension Service raised its stake in shares of Netflix by 2.8% in the 2nd quarter. National Pension Service now owns 9,718,007 shares of the Internet television network's stock worth $693,866,000 after buying an additional 262,088 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in shares of Netflix by 954.0% in the second quarter. Engineers Gate Manager LP now owns 67,520 shares of the Internet television network's stock valued at $4,821,000 after buying an additional 61,114 shares during the period. Finally, Cidel Asset Management Inc. lifted its holdings in shares of Netflix by 45.4% in the second quarter. Cidel Asset Management Inc. now owns 184,045 shares of the Internet television network's stock valued at $13,141,000 after buying an additional 57,500 shares during the period. Institutional investors own 80.93% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on NFLX shares. Seaport Research Partners cut Netflix from a "buy" rating to a "neutral" rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $110.00 price objective on shares of Netflix in a report on Monday, July 20th. China Intl Cap upgraded shares of Netflix to a "strong-buy" rating in a research report on Tuesday, July 21st. TD Cowen reduced their target price on shares of Netflix from $112.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, July 17th. Finally, Rosenblatt Securities set a $75.00 target price on shares of Netflix and gave the stock a "neutral" rating in a research report on Friday, July 17th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $96.65.
View Our Latest Research Report on NFLX
Key Netflix News
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Investor Bill Ackman’s Pershing Square reportedly exited its remaining Alphabet position and established a sizable Netflix stake. The move provides a prominent vote of confidence in Netflix’s growth prospects and advertising strategy. Bill Ackman’s Netflix investment
- Positive Sentiment: Analysts and commentators argue that the pullback creates an attractive entry point, citing Netflix’s profitability, free-cash-flow potential and long-term competitive position. Netflix buying opportunity
- Positive Sentiment: One forecast sees Netflix’s advertising business exceeding $6 billion in revenue in 2027, suggesting substantial monetization upside if ad-supported viewing and pricing continue to scale. Netflix advertising forecast
- Positive Sentiment: The global success of South African film “The Polygamist” is supporting Netflix’s pipeline of local-language content and could strengthen international engagement. The Polygamist success
Netflix Company Profile
(
Get Free Report)
Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.
Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
