Rosenblatt Securities Reaffirms “Buy” Rating for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating reissued by equities researchers at Rosenblatt Securities in a research report issued on Friday, MarketBeat.com reports. They presently have a $152.00 price objective on the Internet television network’s stock, down from their prior price objective of $153.00. Rosenblatt Securities’ price target suggests a potential upside of 41.43% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Morgan Stanley set a $150.00 price target on Netflix in a research note on Monday, October 13th. DZ Bank restated a “buy” rating on shares of Netflix in a report on Monday, November 17th. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 target price on shares of Netflix in a research note on Wednesday, October 22nd. Finally, Canaccord Genuity Group restated a “buy” rating and set a $152.50 price target on shares of Netflix in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $133.90.

Netflix Stock Up 1.3%

Netflix stock opened at $107.47 on Friday. Netflix has a twelve month low of $82.11 and a twelve month high of $134.12. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $455.39 billion, a PE ratio of 4.49, a P/E/G ratio of 1.91 and a beta of 1.58. The firm’s 50 day moving average price is $114.48 and its two-hundred day moving average price is $119.47.

Netflix (NASDAQ:NFLX) last posted its quarterly 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. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The business had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.52 billion. During the same period in the previous year, the company posted $0.54 EPS. Netflix’s revenue 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. On average, research analysts predict that Netflix will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 20,270 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $109.57, for a total transaction of $2,220,943.36. Following the completion of the sale, the chief executive officer directly owned 127,810 shares in the company, valued at $14,003,886.08. This represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 314,620 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider directly owned 316,100 shares in the company, valued at approximately $34,765,942.40. This represents a 49.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,529,960 shares of company stock valued at $175,427,521 in the last three months. Company insiders own 1.37% of the company’s stock.

Institutional Trading of Netflix

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Netflix in the second quarter worth $7,929,645,000. Laurel Wealth Advisors LLC boosted its holdings in Netflix by 128,553.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,881,129 shares of the Internet television network’s stock valued at $6,536,466,000 after purchasing an additional 4,877,335 shares during the period. Nuveen LLC acquired a new stake in Netflix in the 1st quarter worth $2,385,585,000. Kingstone Capital Partners Texas LLC increased its holdings in shares of Netflix by 343,058.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock worth $3,299,450,000 after purchasing an additional 2,463,158 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Netflix by 57.3% during the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after buying an additional 1,236,251 shares during the last quarter. 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.