Netflix (NASDAQ:NFLX) Price Target Lowered to $1,300.00 at The Goldman Sachs Group

Netflix (NASDAQ:NFLX) had its target price cut by research analysts at The Goldman Sachs Group from $1,310.00 to $1,300.00 in a research report issued on Tuesday,MarketScreener reports. The firm presently has a “neutral” rating on the Internet television network’s stock. The Goldman Sachs Group’s target price points to a potential upside of 8.60% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Morgan Stanley reaffirmed an “equal weight” rating on shares of Netflix in a research note on Monday, July 21st. KeyCorp increased their target price on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Pivotal Research reiterated a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Wedbush reissued an “outperform” rating and set a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Finally, Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and increased their price objective for the stock from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,334.03.

Netflix Stock Performance

Shares of NFLX opened at $1,197.01 on Tuesday. Netflix has a 12 month low of $677.88 and a 12 month high of $1,341.15. The business’s fifty day simple moving average is $1,208.21 and its two-hundred day simple moving average is $1,155.55. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market cap of $508.64 billion, a price-to-earnings ratio of 51.17, a P/E/G ratio of 2.04 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts anticipate that Netflix will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the sale, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,324 shares of company stock worth $70,235,556 over the last three months. Corporate insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC boosted its stake in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after buying an additional 257 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after buying an additional 144 shares during the last quarter. Merit Financial Group LLC lifted its holdings in Netflix by 18.3% in the first quarter. Merit Financial Group LLC now owns 13,269 shares of the Internet television network’s stock valued at $12,374,000 after acquiring an additional 2,052 shares during the last quarter. McLean Asset Management Corp increased its stake in Netflix by 8.6% during the first quarter. McLean Asset Management Corp now owns 443 shares of the Internet television network’s stock worth $386,000 after acquiring an additional 35 shares during the last quarter. Finally, Capital Asset Advisory Services LLC raised its position in Netflix by 59.4% in the first quarter. Capital Asset Advisory Services LLC now owns 601 shares of the Internet television network’s stock valued at $562,000 after purchasing an additional 224 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.