Thu Mar 06 18:50:00 UTC 2025: ## Netflix Stock Dips Despite Positive Analyst Ratings

**Sioux Falls, SD – March 15, 2024** – Netflix (NFLX) shares experienced a slight downturn on Tuesday, closing at $956.39, a 1.8% decrease from the previous day’s close of $973.70. Trading volume was significantly lower than average, with only 1,326,733 shares changing hands – a 60% decline.

Despite the dip, several major investment banks recently issued positive assessments of Netflix. JPMorgan Chase & Co., Bank of America, and Benchmark all raised their price targets and/or improved their ratings on the stock. However, Goldman Sachs assigned a neutral rating, and Arete Research gave a hold rating. Currently, analysts hold a “Moderate Buy” rating on NFLX, with a consensus price target of $1,021.70.

Netflix’s recent earnings report showed strong performance, exceeding expectations with $4.27 earnings per share for the quarter, compared to the estimated $4.20. Revenue also surpassed estimates at $10.25 billion.

However, recent insider trading activity saw Chairman Reed Hastings sell a significant portion of his shares, and CAO Jeffrey William Karbowski also sold shares. Over the past ninety days, insiders have sold a total of 288,103 shares. Despite this, institutional investors remain largely bullish, with several increasing their holdings in recent quarters. Currently, institutional investors own 80.93% of Netflix stock.

Despite the mixed signals, Netflix continues to deliver strong financial results and remains a focus of significant investor interest.

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