Wolfe Research Lowers Netflix (NASDAQ:NFLX) Price Target to $121.00

Netflix (NASDAQ:NFLX) had its target price reduced by analysts at Wolfe Research from $139.00 to $121.00 in a note issued to investors on Monday,MarketScreener reports. The brokerage presently has an “outperform” rating on the Internet television network’s stock. Wolfe Research’s price objective suggests a potential upside of 27.88% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Argus set a $141.00 price target on shares of Netflix in a report on Thursday, October 23rd. Arete Research boosted their price target on shares of Netflix from $83.30 to $108.40 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Wells Fargo & Company lowered their price objective 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. Pivotal Research downgraded shares of Netflix from a “buy” rating to a “hold” rating and reduced their target price for the stock from $160.00 to $105.00 in a report on Monday, December 8th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Netflix in a report on Friday, December 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.51.

Netflix Price Performance

Shares of Netflix stock opened at $94.62 on Monday. The company has a market capitalization of $400.93 billion, a price-to-earnings ratio of 39.64 and a beta of 1.71. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The stock’s 50-day simple moving average is $110.58 and its 200-day simple moving average is $118.29. Netflix has a 52 week low of $82.11 and a 52 week high of $134.12.

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

Insider Activity at Netflix

In related news, Director Reed Hastings sold 421,760 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $117.19, for a total value of $49,426,897.92. Following the transaction, the director owned 3,940 shares of the company’s stock, valued at $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 26,000 shares of Netflix stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $117.25, for a total value of $3,048,526.00. Following the sale, the chief financial officer directly owned 36,910 shares of the company’s stock, valued at approximately $4,327,734.41. This trade represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,619,840 shares of company stock worth $181,648,613 over the last quarter. 1.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Imprint Wealth LLC purchased a new stake in shares of Netflix during the 3rd quarter valued at $25,000. Retirement Wealth Solutions LLC acquired a new position in shares of Netflix during the third quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new stake in Netflix during the 2nd quarter worth approximately $31,000. Steph & Co. increased its stake in Netflix by 188.9% during the 3rd quarter. Steph & Co. now owns 26 shares of the Internet television network’s stock valued at $31,000 after purchasing an additional 17 shares in the last quarter. Finally, Stephens Consulting LLC grew its holdings in shares of 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 buying an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

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.