Netflix’s (NFLX) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Netflix (NASDAQ:NFLX) in a report released on Monday morning,Benzinga reports. The firm currently has a $152.50 price objective on the Internet television network’s stock.

A number of other research analysts have also recently weighed in on NFLX. Barclays reaffirmed a “neutral” rating and set a $110.00 price target on shares of Netflix in a research report on Friday, December 5th. The Goldman Sachs Group cut their target price on shares of Netflix from $131.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Morgan Stanley set a $150.00 price target on shares of Netflix in a research report on Monday, October 13th. KGI Securities upgraded Netflix from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a report on Monday, November 3rd. Finally, Cowen reissued a “buy” rating on shares of Netflix in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.31.

Netflix Price Performance

Shares of Netflix stock opened at $92.71 on Monday. The business’s fifty day moving average price is $111.43 and its 200 day moving average price is $118.63. Netflix has a twelve month low of $82.11 and a twelve month high of $134.12. 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 stock has a market capitalization of $392.84 billion, a P/E ratio of 38.73, a PEG ratio of 1.43 and a beta of 1.71.

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

Insider Activity at Netflix

In other news, insider David A. Hyman sold 314,620 shares of Netflix stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $109.98, for a total transaction of $34,603,166.08. Following the sale, the insider directly owned 316,100 shares of the company’s stock, valued at approximately $34,765,942.40. The trade was a 49.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 20,270 shares of the business’s 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 completion of the transaction, the chief executive officer owned 127,810 shares in the company, valued at approximately $14,003,886.08. This trade represents a 13.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,619,840 shares of company stock valued at $181,648,613. 1.37% of the stock is currently owned by insiders.

Institutional Trading of Netflix

Hedge funds have recently made changes to their positions in the stock. Imprint Wealth LLC bought a new stake in shares of Netflix in the 3rd quarter worth about $25,000. Legacy Investment Solutions LLC bought a new position in shares of Netflix during the second quarter worth about $31,000. Retirement Wealth Solutions LLC acquired a new position in Netflix in the third quarter worth about $28,000. Stephens Consulting LLC increased its holdings in Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after buying an additional 15 shares during the last quarter. Finally, Rossby Financial LCC bought a new stake in Netflix in the second quarter valued at about $35,000. Institutional investors and hedge funds 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.