Netflix (NASDAQ:NFLX) Trading Down 1.3% – What’s Next?

Netflix, Inc. (NASDAQ:NFLX) shares fell 1.3% during trading on Friday . The company traded as low as $103.81 and last traded at $104.31. 40,869,368 shares were traded during mid-day trading, an increase of 2% from the average session volume of 39,992,277 shares. The stock had previously closed at $105.67.

Analyst Ratings Changes

Several research firms have recently commented on NFLX. Weiss Ratings reissued a “buy (b)” rating on shares of Netflix in a research note on Wednesday, October 8th. Loop Capital decreased their price target on Netflix from $135.00 to $132.50 in a report on Wednesday, October 22nd. Zacks Research lowered Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Benchmark reissued a “hold” rating on shares of Netflix in a report on Wednesday, October 22nd. Finally, Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $133.93.

Netflix Stock Down 1.3%

The firm has a market cap of $442.00 billion, a P/E ratio of 4.36, a price-to-earnings-growth ratio of 1.91 and a beta of 1.58. The firm’s 50 day moving average is $116.28 and its two-hundred day moving average is $119.86. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, beating the consensus estimate of $0.69 by $5.18. The firm had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. 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 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Spencer Adam Neumann sold 6,950 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was 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. This trade represents a 15.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 20,270 shares of Netflix stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $109.57, for a total value of $2,220,943.36. Following the transaction, the chief executive officer owned 127,810 shares in the company, valued at approximately $14,003,886.08. This represents a 13.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,529,960 shares of company stock worth $175,427,521 over the last 90 days. 1.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Netflix

Several institutional investors and hedge funds have recently modified their holdings of the business. BG Investment Services Inc. bought a new stake in Netflix in the 2nd quarter valued at approximately $338,000. MRA Advisory Group grew its stake in shares of Netflix by 28.4% during the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock worth $1,231,000 after acquiring an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Netflix by 42.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock valued at $412,059,000 after purchasing an additional 130,946 shares during the last quarter. Sava Infond d.o.o. raised its holdings in shares of Netflix by 25.1% in the second quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock valued at $2,002,000 after purchasing an additional 300 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. lifted its position in shares of Netflix by 1.4% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock worth $1,324,000 after purchasing an additional 14 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.