Netflix (NASDAQ:NFLX) Given “Market Perform” Rating at Citizens Jmp

Netflix (NASDAQ:NFLX)‘s stock had its “market perform” rating restated by research analysts at Citizens Jmp in a research note issued on Wednesday, Benzinga reports.

A number of other analysts have also recently commented on the company. Wolfe Research reaffirmed an “outperform” rating and issued a $95.00 price target (up from $84.00) on shares of Netflix in a research note on Tuesday, August 25th. Phillip Securities upgraded shares of Netflix from a “moderate buy” rating to a “strong-buy” rating and set a $110.00 price target on the stock in a research report on Sunday, July 19th. Yorkville Ives began coverage on shares of Netflix in a research note on Monday, October 5th. They set an “in-line” rating and a $75.00 price objective on the stock. BMO Capital Markets restated an “outperform” rating and set a $125.00 price objective (down from $135.00) on shares of Netflix in a report on Friday. Finally, Loop Capital decreased their price objective on shares of Netflix from $115.00 to $95.00 and set a “buy” rating for the company in a report on Friday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $91.80.

Netflix Trading Down 1.7%

NASDAQ NFLX opened at $68.69 on Wednesday. The stock has a 50-day simple moving average of $74.92 and a 200 day simple moving average of $80.20. The company has a market capitalization of $286.02 billion, a PE ratio of 21.62, a P/E/G ratio of 0.99 and a beta of 1.62. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix has a 12 month low of $65.08 and a 12 month high of $124.86.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. Netflix had a return on equity of 40.02% and a net margin of 28.22%. The firm had revenue of $12.87 billion for the quarter, compared to analysts’ expectations of $12.87 billion. During the same quarter last year, the business earned $0.59 earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year. Research analysts forecast that Netflix will post 3.59 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $73.54, for a total value of $2,008,524.48. Following the transaction, the chief executive officer owned 120,931 shares of the company’s stock, valued at approximately $8,893,265.74. The trade was a 18.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 27,312 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total transaction of $2,003,335.20. Following the completion of the transaction, the chief executive officer owned 178,954 shares of the company’s stock, valued at $13,126,275.90. This trade represents a 13.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 179,045 shares of company stock worth $13,132,194 in the last quarter. Company insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On Netflix

Several large investors have recently made changes to their positions in NFLX. BlackRock Inc. acquired a new position in shares of Netflix during the second quarter worth about $24,902,221,000. State Street Corp grew its holdings in shares of Netflix by 4.9% during the second quarter. State Street Corp now owns 180,129,582 shares of the Internet television network’s stock worth $12,861,252,000 after buying an additional 8,474,820 shares in the last quarter. Bank of America Corp DE raised its position in Netflix by 4.3% in the 1st quarter. Bank of America Corp DE now owns 57,942,812 shares of the Internet television network’s stock valued at $5,571,201,000 after buying an additional 2,376,349 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Netflix in the 2nd quarter valued at approximately $1,906,482,000. Finally, Legal & General Group Plc acquired a new stake in Netflix in the 2nd quarter valued at approximately $1,886,526,000. Institutional investors own 80.93% of the company’s stock.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Q3 results exceeded profit expectations: Netflix reported $0.87 in diluted EPS versus roughly $0.82 expected. Revenue rose 12% year over year to $12.87 billion, while net income increased 44% to approximately $3.66 billion and operating margin reached 34.6%. Netflix Q3 earnings results
• Positive Sentiment: Management remains confident in long-term revenue growth: CFO Spencer Neumann said Netflix could deliver double-digit revenue growth into 2027 through pricing, advertising and a broad content slate, even if viewing-hour growth remains modest. Netflix CFO revenue growth outlook
• Positive Sentiment: Content and engagement initiatives are planned: Netflix is targeting stronger U.S. execution and expects upcoming films, series and live programming—including projects involving Brad Pitt, Narnia and NFL games—to improve viewing and membership trends. Netflix content and engagement strategy

About Netflix

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.