Netflix (NASDAQ:NFLX) Stock Price Down 3.5% – Here’s What Happened

Netflix, Inc. (NASDAQ:NFLX) dropped 3.5% during trading on Monday . The stock traded as low as $95.30 and last traded at $96.7440. Approximately 99,579,334 shares changed hands during trading, an increase of 146% from the average daily volume of 40,549,848 shares. The stock had previously closed at $100.24.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NFLX. Arete Research increased their target price on shares of Netflix from $83.30 to $108.40 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Piper Sandler reiterated an “overweight” rating and set a $140.00 price objective (down from $150.00) on shares of Netflix in a research report on Wednesday, October 22nd. Itau BBA Securities began coverage on shares of Netflix in a research report on Tuesday, October 7th. They issued an “outperform” rating and a $151.40 target price on the stock. Cowen reaffirmed a “buy” rating on shares of Netflix in a research note on Monday. Finally, Citic Securities lowered their price target on shares of Netflix from $128.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.31.

Netflix Trading Down 4.1%

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market cap of $392.84 billion, a price-to-earnings ratio of 38.73, a price-to-earnings-growth ratio of 1.43 and a beta of 1.71. The business’s fifty day moving average price is $111.43 and its 200 day moving average price is $118.63.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $5.18. The business had revenue of $11.32 billion during 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%.Netflix’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. Netflix has set its Q4 2025 guidance at 5.450-5.450 EPS. Research analysts anticipate that Netflix, Inc. 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 Netflix 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 directly owned 3,940 shares of the company’s stock, valued at $461,736.48. The trade was a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 20,270 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $109.21, for a total value of $2,213,646.16. Following the completion of the sale, the chief executive officer owned 151,680 shares in the company, valued at $16,564,669.44. The trade was a 11.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,619,840 shares of company stock valued at $181,648,613 over the last ninety days. Insiders own 1.37% of the company’s stock.

Institutional Trading of Netflix

A number of institutional investors have recently bought and sold shares of NFLX. Imprint Wealth LLC bought a new stake in Netflix in the third quarter worth approximately $25,000. Retirement Wealth Solutions LLC bought a new position in shares of Netflix during the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of Netflix during the 2nd quarter worth approximately $31,000. Steph & Co. increased its stake in shares of Netflix by 188.9% in the 3rd quarter. Steph & Co. now owns 26 shares of the Internet television network’s stock valued at $31,000 after acquiring an additional 17 shares in the last quarter. Finally, Stephens Consulting LLC increased its stake in shares of Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after acquiring an additional 15 shares in 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.