Netflix (NASDAQ:NFLX) Stock Price Up 1.1% – Here’s What Happened

Netflix, Inc. (NASDAQ:NFLXGet Free Report)’s share price was up 1.1% during mid-day trading on Friday . The stock traded as high as $95.68 and last traded at $95.31. Approximately 29,787,548 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 52,265,137 shares. The stock had previously closed at $94.31.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

Analyst Ratings Changes

NFLX has been the topic of several research reports. Argus lowered their price target on Netflix from $141.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Wells Fargo & Company assumed coverage on shares of Netflix in a research note on Monday. They issued an “equal weight” rating and a $105.00 price objective for the company. Rosenblatt Securities raised their price objective on shares of Netflix from $94.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, February 27th. Loop Capital set a $104.00 target price on shares of Netflix in a research report on Tuesday, January 27th. Finally, DZ Bank reissued a “buy” rating on shares of Netflix in a research note on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $114.67.

Get Our Latest Stock Report on NFLX

Netflix Stock Up 1.1%

The business’s 50 day moving average price is $86.48 and its 200-day moving average price is $102.86. The company has a market cap of $402.41 billion, a P/E ratio of 37.72, a PEG ratio of 1.45 and a beta of 1.68. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.19 and a quick ratio of 1.19.

Netflix (NASDAQ:NFLXGet Free Report) last posted its quarterly earnings data on Tuesday, January 20th. The Internet television network reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The company had revenue of $12.05 billion for the quarter, compared to analyst estimates of $11.97 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business’s revenue was up 17.6% on a year-over-year basis. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. On average, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other Netflix news, insider David A. Hyman sold 5,727 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $81.06, for a total transaction of $464,230.62. Following the transaction, the insider directly owned 316,100 shares in the company, valued at approximately $25,623,066. This represents a 1.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 28,630 shares of Netflix stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $97.00, for a total transaction of $2,777,110.00. Following the sale, the chief financial officer owned 73,787 shares of the company’s stock, valued at approximately $7,157,339. This represents a 27.95% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,520,133 shares of company stock worth $137,259,786. Corporate insiders own 1.37% of the company’s stock.

Institutional Trading of Netflix

Several institutional investors and hedge funds have recently made changes to their positions in NFLX. Vanguard Group Inc. boosted its holdings in Netflix by 912.5% during the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock worth $36,567,805,000 after buying an additional 351,493,659 shares during the last quarter. State Street Corp increased its stake in shares of Netflix by 927.6% in the 4th quarter. State Street Corp now owns 176,780,995 shares of the Internet television network’s stock valued at $16,574,986,000 after acquiring an additional 159,578,053 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Netflix by 892.0% in the 4th quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock valued at $9,305,336,000 after acquiring an additional 89,558,684 shares during the period. Capital World Investors raised its position in shares of Netflix by 859.1% in the 4th quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network’s stock valued at $8,376,656,000 after acquiring an additional 80,025,890 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Netflix by 685.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 86,058,878 shares of the Internet television network’s stock worth $8,068,882,000 after acquiring an additional 75,107,069 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Company Profile

(Get Free Report)

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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