Netflix (NASDAQ:NFLX) Earns Buy Rating from Canaccord Genuity Group

Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity Group in a research note issued to investors on Monday,Benzinga reports. They currently have a $152.50 price objective on the Internet television network’s stock. Canaccord Genuity Group’s target price would indicate a potential upside of 57.69% from the stock’s current price.

NFLX has been the subject of several other research reports. KGI Securities upgraded shares of 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. JPMorgan Chase & Co. cut their price objective on shares of Netflix from $127.50 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, November 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Netflix in a research note on Wednesday, October 8th. TD Cowen dropped their target price on Netflix from $145.00 to $142.50 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Finally, Morgan Stanley set a $150.00 price target on Netflix in a report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.70.

Netflix Price Performance

Shares of NFLX stock opened at $96.71 on Monday. 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 fifty day simple moving average of $111.92 and a two-hundred day simple moving average of $118.81. The stock has a market capitalization of $409.79 billion, a price-to-earnings ratio of 40.40, a P/E/G 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 earnings per share 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 firm had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.52 billion. During the same period in the previous year, the company posted $0.54 earnings per share. 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. On average, analysts predict that Netflix will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Theodore A. Sarandos sold 20,270 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $109.21, for a total value of $2,213,646.16. Following the transaction, the chief executive officer directly owned 151,680 shares of the company’s stock, valued at $16,564,669.44. This represents a 11.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 26,000 shares of Netflix stock in a transaction dated Wednesday, October 1st. The stock was 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 represents a 41.33% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,619,840 shares of company stock valued at $181,648,613. Corporate insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Netflix

A number of institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after acquiring an additional 257 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after purchasing an additional 144 shares during the last quarter. SouthState Corp boosted its holdings in Netflix by 450.0% in the first quarter. SouthState Corp now owns 1,287 shares of the Internet television network’s stock valued at $1,200,000 after purchasing an additional 1,053 shares during the last quarter. First American Trust FSB grew its position in Netflix by 50.8% during the 1st quarter. First American Trust FSB now owns 356 shares of the Internet television network’s stock worth $332,000 after purchasing an additional 120 shares during the period. Finally, Independent Advisor Alliance raised its stake in shares of Netflix by 9.3% during the 1st quarter. Independent Advisor Alliance now owns 26,720 shares of the Internet television network’s stock valued at $24,917,000 after buying an additional 2,270 shares during the last quarter. Institutional investors and hedge funds 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.