Netflix (NASDAQ:NFLX) Stock Price Down 4.1% – Here’s What Happened

by · The Cerbat Gem

Netflix, Inc. (NASDAQ:NFLX – Get Free Report) shares dropped 4.1% on Wednesday . The company traded as low as $92.35 and last traded at $92.71. Approximately 72,974,479 shares were traded during mid-day trading, an increase of 79% from the average daily volume of 40,739,348 shares. The stock had previously closed at $96.71.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Evercore ISI restated an “outperform” rating and set a $138.00 price objective on shares of Netflix in a research report on Friday, December 5th. Zacks Research cut Netflix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Canaccord Genuity Group restated a “buy” rating and issued a $152.50 price objective on shares of Netflix in a research report on Monday. Pivotal Research cut Netflix from a “buy” rating to a “hold” rating and cut their target price for the stock from $160.00 to $105.00 in a research report on Monday. Finally, President Capital raised Netflix from a “neutral” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.31.

Check Out Our Latest Report on Netflix

Netflix Price Performance

The firm has a market capitalization of $392.84 billion, a P/E ratio of 38.73, a P/E/G ratio of 1.43 and a beta of 1.71. The stock’s fifty day simple moving average is $111.92 and its 200 day simple moving average is $118.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33.

Netflix (NASDAQ:NFLX – Get Free Report) last posted its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, topping the consensus estimate of $0.69 by $5.18. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.52 billion. During the same quarter in the previous year, the business posted $0.54 EPS. Netflix’s revenue was up 17.2% on a year-over-year basis. Netflix has set its Q4 2025 guidance at 5.450-5.450 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In related news, CEO Gregory K. Peters sold 20,270 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $109.57, for a total transaction of $2,220,943.36. Following the transaction, the chief executive officer directly owned 127,810 shares of the company’s stock, valued at $14,003,886.08. This represents a 13.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Reed Hastings sold 375,470 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $108.43, for a total value of $40,712,212.10. Following the completion of the sale, the director owned 3,940 shares of the company’s stock, valued at approximately $427,214.20. This trade represents a 98.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,619,840 shares of company stock worth $181,648,613. Company insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Netflix

Several hedge funds have recently modified their holdings of NFLX. Imprint Wealth LLC acquired a new stake in Netflix during the 3rd quarter worth about $25,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Netflix in the third quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of Netflix in the second quarter worth about $31,000. Steph & Co. grew its holdings in Netflix by 188.9% during the third quarter. Steph & Co. now owns 26 shares of the Internet television network’s stock worth $31,000 after acquiring an additional 17 shares during the period. Finally, Stephens Consulting LLC raised its position in Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after acquiring an additional 15 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Company Profile

(Get Free Report)

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.

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