Seaport Res Ptn Upgrades Netflix (NASDAQ:NFLX) to “Strong-Buy”

Seaport Res Ptn upgraded shares of Netflix (NASDAQ:NFLX) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports. Seaport Res Ptn also issued estimates for Netflix’s Q4 2024 earnings at $4.22 EPS, Q2 2025 earnings at $5.99 EPS and FY2026 earnings at $28.36 EPS.

Several other research firms have also recently issued reports on NFLX. Bank of America upped their price objective on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Pivotal Research upped their price target on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. TD Cowen raised their price objective on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Guggenheim boosted their price objective on shares of Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Saturday, December 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average target price of $845.06.

Netflix Stock Up 1.9 %

Shares of Netflix stock opened at $858.10 on Wednesday. Netflix has a 52-week low of $476.06 and a 52-week high of $941.75. The company has a 50 day moving average of $883.32 and a 200 day moving average of $757.20. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $366.80 billion, a P/E ratio of 48.56, a P/E/G ratio of 1.35 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, research analysts forecast that Netflix will post 19.78 EPS for the current fiscal year.

Insider Activity

In other Netflix news, Director Richard N. Barton sold 5,698 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $756.00, for a total value of $4,307,688.00. Following the completion of the transaction, the director now directly owns 246 shares of the company’s stock, valued at approximately $185,976. This trade represents a 95.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders sold 152,198 shares of company stock valued at $127,616,898 in the last three months. 1.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Netflix

Several hedge funds have recently bought and sold shares of NFLX. DigitalBridge Group Inc. increased its position in shares of Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after buying an additional 9,451 shares in the last quarter. Nordea Investment Management AB grew its stake in Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock valued at $760,918,000 after acquiring an additional 156,958 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Netflix by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after acquiring an additional 29,726 shares in the last quarter. Natixis Advisors LLC raised its position in Netflix by 2.0% during the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after acquiring an additional 11,921 shares during the last quarter. Finally, M&T Bank Corp raised its position in Netflix by 4.2% during the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after acquiring an additional 1,684 shares during the last quarter. 80.93% of the stock is 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.