Wedbush Weighs in on Netflix’s Q1 Earnings (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLX) – Equities research analysts at Wedbush boosted their Q1 2026 EPS estimates for Netflix in a report issued on Tuesday, October 15th. Wedbush analyst A. Reese now forecasts that the Internet television network will post earnings of $6.84 per share for the quarter, up from their previous forecast of $6.83. Wedbush has a “Overweight” rating and a $775.00 price objective on the stock. The consensus estimate for Netflix’s current full-year earnings is $19.08 per share.

NFLX has been the topic of several other reports. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Wolfe Research reissued an “outperform” rating on shares of Netflix in a research report on Friday. Argus upped their price objective on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Canaccord Genuity Group lifted their target price on shares of Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research note on Friday. Finally, Barclays reissued an “underweight” rating and issued a $550.00 price target on shares of Netflix in a research note on Friday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $747.70.

Netflix Stock Up 11.1 %

Shares of NASDAQ:NFLX opened at $763.89 on Friday. The stock’s 50-day moving average is $696.38 and its 200 day moving average is $654.94. The company has a market cap of $329.24 billion, a PE ratio of 53.01, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. Netflix has a 1 year low of $392.26 and a 1 year high of $766.28.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company’s revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.29 EPS.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Netflix news, insider David A. Hyman sold 13,791 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $22,127,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 225,167 shares of company stock valued at $150,492,460. 1.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Netflix

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GQG Partners LLC bought a new position in shares of Netflix in the first quarter worth about $1,450,476,000. Jennison Associates LLC lifted its holdings in Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after purchasing an additional 929,193 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of Netflix in the first quarter worth approximately $436,514,000. Jericho Capital Asset Management L.P. purchased a new stake in shares of Netflix in the first quarter worth $372,293,000. Finally, Swedbank AB bought a new stake in shares of Netflix during the 1st quarter valued at $216,538,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.