FY2024 EPS Estimates for Netflix Reduced by Seaport Res Ptn

Netflix, Inc. (NASDAQ:NFLX) – Investment analysts at Seaport Res Ptn cut their FY2024 earnings per share (EPS) estimates for Netflix in a research note issued on Wednesday, January 15th. Seaport Res Ptn analyst D. Joyce now forecasts that the Internet television network will post earnings per share of $19.79 for the year, down from their prior forecast of $19.81. Seaport Res Ptn has a “Strong-Buy” rating on the stock. The consensus estimate for Netflix’s current full-year earnings is $19.78 per share. Seaport Res Ptn also issued estimates for Netflix’s Q1 2025 earnings at $5.95 EPS, Q3 2025 earnings at $6.64 EPS, Q4 2025 earnings at $5.30 EPS and FY2025 earnings at $23.89 EPS.

A number of other equities research analysts have also recently commented on the company. Piper Sandler increased their price target on Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. KeyCorp raised their price objective on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Macquarie lifted their price target on Netflix from $795.00 to $965.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Canaccord Genuity Group boosted their price objective on Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Finally, Jefferies Financial Group boosted their price objective on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $845.06.

Netflix Stock Performance

Shares of NFLX stock opened at $858.10 on Monday. 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 firm has a market cap of $366.80 billion, a price-to-earnings ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27. Netflix has a 52-week low of $476.06 and a 52-week high of $941.75. The company’s 50 day moving average is $884.58 and its 200 day moving average is $759.04.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion.

Insider Buying and Selling at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the transaction, the director now owns 246 shares of the company’s stock, valued at approximately $185,976. This represents a 95.86 % decrease in their position. 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 quarter. Company insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in shares of Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after acquiring an additional 5,748,200 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after buying an additional 642,920 shares during the period. State Street Corp lifted its position in Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after purchasing an additional 316,594 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in Netflix in the 3rd quarter valued at approximately $222,871,000. 80.93% of the stock is owned by institutional investors.

Netflix Company Profile

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.