Netflix (NASDAQ:NFLX) Given New $85.00 Price Target at KeyCorp

Netflix (NASDAQ:NFLX) had its price target lowered by equities research analysts at KeyCorp from $92.00 to $85.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the Internet television network’s stock. KeyCorp’s target price suggests a potential upside of 20.38% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Pivotal Research lowered their price objective on Netflix from $96.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, July 17th. CLSA started coverage on shares of Netflix in a research report on Monday, July 20th. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft raised shares of Netflix from a “hold” rating to a “buy” rating and reduced their price objective for the company from $100.00 to $95.00 in a research note on Tuesday, September 29th. Bank of America decreased their target price on shares of Netflix from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, July 17th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $90.00 target price on shares of Netflix in a research note on Tuesday, October 6th. Four research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $94.53.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $70.61 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $294.02 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 0.99 and a beta of 1.62. The firm’s 50-day simple moving average is $75.40 and its 200 day simple moving average is $81.19. Netflix has a fifty-two week low of $65.08 and a fifty-two week high of $124.86.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. The firm had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 EPS. As a group, research analysts anticipate that Netflix will post 3.59 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other news, CEO Theodore Sarandos sold 27,312 shares of Netflix stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $73.35, for a total transaction of $2,003,335.20. Following the completion of the sale, the chief executive officer owned 178,954 shares in the company, valued at approximately $13,126,275.90. This trade represents a 13.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Also, CEO Gregory Peters sold 27,312 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $73.54, for a total value of $2,008,524.48. Following the transaction, the chief executive officer directly owned 120,931 shares of the company’s stock, valued at $8,893,265.74. The trade was a 18.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 179,045 shares of company stock worth $13,132,194. 1.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Netflix

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Merkkuri Wealth Advisors LLC bought a new position in Netflix during the first quarter valued at approximately $31,000. Bayban boosted its holdings in Netflix by 400.0% in the first quarter. Bayban now owns 350 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 280 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in Netflix in the 2nd quarter worth approximately $26,000. Bank of New Hampshire grew its position in Netflix by 900.0% in the 4th quarter. Bank of New Hampshire now owns 380 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 342 shares during the period. Finally, Compound Global Advisors LLC bought a new stake in Netflix in the 2nd quarter worth approximately $29,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix’s valuation has become more attractive after a roughly 40% decline over the past year. The shares trade at about 21.6–22 times earnings, well below the company’s historical average, while revenue continues to grow. Some investors view a strong earnings report or improved outlook as a potential catalyst. What Could Netflix Stock Be Worth In Three Years?
• Positive Sentiment: International markets continue to grow faster than Netflix’s U.S. and Canada segment, and one analyst expects the stock could rebound sharply after the October 20 earnings release. Netflix is also viewed favorably relative to the newly combined Skydance media competitor. Prediction: Netflix Stock Is Going to Soar After Oct. 20
• Neutral Sentiment: Investors are focused on whether Netflix can meet guidance for approximately 12% third-quarter revenue growth, with advertising performance, subscriber trends and management’s outlook likely to determine the next major move. Netflix’s Q3 Guidance Calls for About 12% Revenue Growth
• Neutral Sentiment: The appointment of Craig Ferguson to lead content acquisition could strengthen licensing and distribution decisions, but its financial impact is not yet clear. What Is Netflix Signaling With Its New Content Acquisition Chief?
• Negative Sentiment: Growth is slowing in Netflix’s largest region: U.S. and Canada generated about 43% of second-quarter revenue but grew only 10%, down from 18% two quarters earlier. Currency-neutral growth has also decelerated across international regions, challenging the argument that overseas expansion alone makes the stock a bargain. Netflix’s Regions Abroad Are Growing Faster Than Its Home Market
• Negative Sentiment: Reports that Netflix may cut about 5% of its workforce signal efforts to control costs as growth slows and investor enthusiasm cools. Analysts have also cited competitive pressure and concerns about content quality. Netflix Plans 5% Workforce Reduction
• Negative Sentiment: Potential November tax-loss selling could create additional near-term volatility or selling pressure even if the earnings report is solid. Hold Netflix Through Earnings, But Be Aware Of Upcoming November Tax Loss Selling Season

Netflix Company Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.