Netflix (NASDAQ:NFLX) Stock Price Up 2.6% – Here’s Why

Netflix, Inc. (NASDAQ:NFLX)’s share price shot up 2.6% during mid-day trading on Monday . The company traded as high as $108.04 and last traded at $106.97. 62,159,542 shares traded hands during mid-day trading, an increase of 55% from the average session volume of 40,084,441 shares. The stock had previously closed at $104.31.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NFLX shares. Wells Fargo & Company cut their target price on shares of Netflix from $156.00 to $151.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. dropped their price target on shares of Netflix from $127.50 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Citic Securities cut their price objective on shares of Netflix from $128.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, October 29th. The Goldman Sachs Group reduced their price objective on shares of Netflix from $131.00 to $130.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Finally, Cowen restated a “buy” rating on shares of Netflix in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.93.

Netflix Stock Up 2.6%

The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The firm has a market cap of $453.27 billion, a P/E ratio of 4.47, a price-to-earnings-growth ratio of 1.91 and a beta of 1.58. The stock’s fifty day moving average is $115.72 and its two-hundred day moving average is $119.75.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $5.18. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.52 billion. During the same period in the previous year, the business earned $0.54 EPS. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 314,620 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $109.98, for a total value of $34,603,166.08. Following the sale, the insider directly owned 316,100 shares of the company’s stock, valued at $34,765,942.40. This trade represents a 49.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 6,950 shares of Netflix stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $109.38, for a total transaction of $760,177.10. Following the sale, the chief financial officer owned 36,810 shares of the company’s stock, valued at approximately $4,026,204.18. The trade was a 15.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,529,960 shares of company stock worth $175,427,521. 1.37% of the stock is owned by insiders.

Institutional Trading of Netflix

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Imprint Wealth LLC purchased a new position in shares of Netflix in the 3rd quarter worth about $25,000. Retirement Wealth Solutions LLC bought a new stake in Netflix in the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in Netflix in the second quarter worth approximately $31,000. Steph & Co. boosted its stake in Netflix by 188.9% in the third quarter. Steph & Co. now owns 26 shares of the Internet television network’s stock worth $31,000 after buying an additional 17 shares in the last quarter. Finally, Stephens Consulting LLC grew its position in Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after acquiring an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

About Netflix

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.