Wedbush Cuts Netflix (NASDAQ:NFLX) Price Target to $105.00

Netflix (NASDAQ:NFLX) had its price target trimmed by Wedbush from $118.00 to $105.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an outperform rating on the Internet television network’s stock.

NFLX has been the topic of a number of other reports. Morgan Stanley reiterated an “overweight” rating and set a $90.00 price target (down from $115.00) on shares of Netflix in a research report on Tuesday, July 14th. UBS Group reduced their target price on shares of Netflix from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Netflix in a research report on Wednesday, April 22nd. President Capital upped their price target on shares of Netflix from $133.00 to $134.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Finally, Daiwa Securities Group raised their price objective on Netflix from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $103.97.

Netflix Stock Performance

NASDAQ NFLX opened at $68.95 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The stock’s 50-day simple moving average is $80.15 and its two-hundred day simple moving average is $86.85. Netflix has a twelve month low of $65.08 and a twelve month high of $126.71. The company has a market capitalization of $290.33 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 0.88 and a beta of 1.52.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 EPS. Research analysts forecast that Netflix will post 3.6 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $88.69, for a total value of $2,422,301.28. Following the sale, the chief executive officer owned 120,931 shares of the company’s stock, valued at $10,725,370.39. This trade represents a 18.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Reed Hastings sold 386,700 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $85.97, for a total transaction of $33,244,599.00. Following the completion of the transaction, the director owned 3,940 shares in the company, valued at $338,721.80. The trade was a 98.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 899,839 shares of company stock worth $80,141,661 over the last ninety days. 1.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NFLX. First Financial Corp IN grew its position in shares of Netflix by 900.0% in the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network’s stock worth $25,000 after buying an additional 243 shares during the last quarter. DiNuzzo Private Wealth Inc. raised its holdings in shares of Netflix by 885.2% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 239 shares in the last quarter. Turning Point Benefit Group Inc. raised its holdings in shares of Netflix by 13,400.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 268 shares in the last quarter. Imprint Wealth LLC purchased a new stake in Netflix in the third quarter worth $25,000. Finally, Cornerstone Financial Management LLC purchased a new stake in Netflix in the fourth quarter worth $26,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Some analysts remain bullish, arguing Netflix still has strong long-term upside from margin expansion, advertising growth, and new engagement-driven content formats. Mark Mahaney Reiterates Buy on Netflix
• Positive Sentiment: Supportive commentary highlighted Netflix’s AI, ads, short-form video, and gaming strategy as potential growth catalysts for monetization and engagement. Ad Engagement & Content Opportunities Offer Bullish Edge for NFLX
• Neutral Sentiment: Several analysts cut price targets but mostly kept buy/overweight or hold ratings, signaling lower near-term expectations rather than a full thesis break. Laura Martin Maintains Buy on Netflix
• Negative Sentiment: Netflix’s weaker Q3 outlook and reduced engagement disclosure sparked concern that growth is slowing and management is becoming less transparent with investors. Netflix third-quarter earnings forecast falls shy of Wall Street expectations
• Negative Sentiment: Coverage across the market emphasized the post-earnings selloff, citing a revenue miss, soft guidance, and investor worries about future growth and competition. U.S. Chip Stocks Extend Slide; Netflix Tumbles on Growth Warning

About Netflix

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.