FY2024 EPS Estimates for Netflix Raised by Seaport Res Ptn

Netflix, Inc. (NASDAQ:NFLX) – Investment analysts at Seaport Res Ptn lifted their FY2024 earnings per share (EPS) estimates for shares of Netflix in a report issued on Thursday, October 17th. Seaport Res Ptn analyst D. Joyce now expects that the Internet television network will earn $19.81 per share for the year, up from their prior forecast of $19.57. The consensus estimate for Netflix’s current full-year earnings is $19.08 per share. Seaport Res Ptn also issued estimates for Netflix’s Q1 2025 earnings at $6.00 EPS.

A number of other equities research analysts have also issued reports on NFLX. The Goldman Sachs Group set a $750.00 target price on shares of Netflix in a research note on Friday. Rosenblatt Securities lifted their price objective on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday. Citigroup upped their target price on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Needham & Company LLC lifted their price target on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday. Finally, Oppenheimer boosted their price target on Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $747.70.

Netflix Stock Performance

NFLX stock opened at $772.07 on Monday. The stock has a market cap of $332.76 billion, a P/E ratio of 53.58, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a 50 day simple moving average of $699.16 and a 200 day simple moving average of $656.21. Netflix has a 52 week low of $395.62 and a 52 week high of $773.00.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 20,656 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Hyman sold 13,791 shares of Netflix stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the sale, the insider now owns 31,610 shares in the company, valued at $22,127,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 229,711 shares of company stock worth $153,905,830. 1.76% of the stock is currently owned by company insiders.

Institutional Trading of Netflix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. GQG Partners LLC acquired a new stake in Netflix during the first quarter valued at approximately $1,450,476,000. Jennison Associates LLC boosted its stake in Netflix by 17.0% in the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after buying an additional 929,193 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in Netflix in the 1st quarter valued at $372,293,000. Swedbank AB bought a new stake in Netflix in the first quarter valued at $216,538,000. Finally, Renaissance Technologies LLC acquired a new position in Netflix during the second quarter worth $183,365,000. Institutional investors own 80.93% of the company’s stock.

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.