Key Points
- Netflix director Richard Barton sold 720 shares for $54,194.40 at an average price of $75.27 under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 22.64% to 2,460 shares.
- Netflix shares opened at $76.01, compared with a 50-day moving average of $75.72 and a 200-day average of $84.43; the stock has traded between $65.08 and $125.34 over the past year.
- The company slightly exceeded quarterly EPS expectations and reported 13.4% year-over-year revenue growth, while analysts maintain a “Moderate Buy” consensus with an average price target of $96.65.
Netflix, Inc. (NASDAQ:NFLX - Get Free Report) Director Richard Barton sold 720 shares of the firm's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $75.27, for a total transaction of $54,194.40. Following the sale, the director owned 2,460 shares of the company's stock, valued at approximately $185,164.20. The trade was a 22.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Netflix Price Performance
Netflix stock opened at $76.01 on Friday. The business's 50 day simple moving average is $75.72 and its 200 day simple moving average is $84.43. Netflix, Inc. has a 12 month low of $65.08 and a 12 month high of $125.34. The company has a market cap of $316.50 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 1.07 and a beta of 1.53. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39.
Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. During the same period last year, the business posted $0.72 earnings per share. The business's revenue for the quarter was up 13.4% on a year-over-year basis. Sell-side analysts forecast that Netflix, Inc. will post 3.59 EPS for the current year.
Key Netflix News
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Bill Ackman’s Pershing Square reportedly established a sizable Netflix position after exiting its remaining Alphabet stake, providing a prominent investor vote of confidence in Netflix’s growth and advertising strategy. Bill Ackman’s Netflix investment
- Positive Sentiment: Netflix is expanding the theatrical release strategy for six upcoming films and plans to report their box-office revenue, potentially creating an additional revenue stream and improving film economics. Netflix theatrical strategy
- Positive Sentiment: A forecast that Netflix’s advertising business could exceed $6 billion in 2027 highlights significant monetization potential from its ad-supported tier. Netflix advertising forecast
- Positive Sentiment: The international success of the South African film “The Polygamist” is supporting Netflix’s pipeline of local-language content and may strengthen engagement in overseas markets. The Polygamist success
- Neutral Sentiment: Netflix’s revenue growth and operating margins have outperformed most major media competitors, but its shares have still fallen substantially over the past year; analysts say the stock may not yet be inexpensive. Netflix growth and valuation analysis
- Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day short ratio, an internally inconsistent figure that offers no meaningful signal about investor positioning.
- Negative Sentiment: Florida sued Netflix, seeking billions in damages and alleging that the company misled families and improperly collected children’s data. The action raises potential legal costs, reputational risk and regulatory scrutiny. Florida lawsuit against Netflix
- Negative Sentiment: Investor commentary cited a weak second-quarter outlook and consumer data suggesting Netflix’s demand growth is slowing relative to Warner Bros. Discovery and Disney. Netflix outlook concerns
- Negative Sentiment: Canadian viewers broadly support requiring streamers to fund local content, signaling possible additional regulatory obligations and production costs in an important market. Canadian streaming regulation
- Negative Sentiment: Director Richard Barton sold 720 shares under a pre-arranged Rule 10b5-1 plan. The transaction is relatively small but may add modestly to selling pressure. Netflix director stock sale
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. CLSA started coverage on shares of Netflix in a report on Monday, July 20th. They issued an "outperform" rating on the stock. New Street Research boosted their price objective on shares of Netflix from $96.00 to $102.00 and gave the company a "neutral" rating in a research note on Friday, July 17th. Seaport Research Partners cut shares of Netflix from a "buy" rating to a "neutral" rating in a research note on Monday, July 20th. Loop Capital decreased their target price on shares of Netflix from $115.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Finally, Rosenblatt Securities set a $75.00 target price on shares of Netflix and gave the stock a "neutral" rating in a research note on Friday, July 17th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $96.65.
Read Our Latest Report on NFLX
Institutional Trading of Netflix
A number of large investors have recently modified their holdings of NFLX. Van Hulzen Asset Management LLC grew its holdings in shares of Netflix by 31.6% during 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 in the last quarter. Scholtz & Company LLC lifted its position in Netflix by 3.5% during the second quarter. Scholtz & Company LLC now owns 54,213 shares of the Internet television network's stock valued at $3,871,000 after purchasing an additional 1,847 shares during the last quarter. National Pension Service grew its stake in 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 increased its holdings in shares of Netflix by 954.0% in the 2nd quarter. Engineers Gate Manager LP now owns 67,520 shares of the Internet television network's stock worth $4,821,000 after buying an additional 61,114 shares during the last quarter. Finally, Cidel Asset Management Inc. increased its holdings in shares of Netflix by 45.4% in the 2nd quarter. Cidel Asset Management Inc. now owns 184,045 shares of the Internet television network's stock worth $13,141,000 after buying an additional 57,500 shares during the last quarter. Institutional investors own 80.93% of the company's stock.
About Netflix
(
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.
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