Erste Group Bank Lowers Netflix (NFLX) Stock Rating

Recently, Erste Group Bank made the decision to lower Netflix’s rating from a “buy” to a “hold.” Despite this change, other top firms like Goldman Sachs, KeyCorp, Seaport, and President Capital have expressed positive views on the streaming service giant. The consensus rating for Netflix remains a Moderate Buy, with an estimated target price of $114.82.

In terms of financial performance, Netflix reported first quarter earnings per share of $1.23, exceeding the estimated $0.76. Revenue for the quarter was $12.25 billion, slightly higher than the expected $12.17 billion. Looking ahead to the second quarter of 2026, Netflix anticipates an EPS of $0.78. Analysts predict an annual EPS of about $3.53.

Despite these positive numbers, Netflix’s stock saw a decrease of 0.4%, trading at $92.04. Interestingly, insiders have sold approximately 1.49 million shares (equivalent to $136 million) over the last 90 days. On the flip side, major institutions have significantly increased their positions in Netflix, now holding about 80.9% of the stock.

In terms of recommendations, various analysts have weighed in on Netflix’s stock. While Erste Group Bank downgraded its rating, other firms like Goldman Sachs and KeyCorp have raised their viewpoint to a “buy” rating. The consensus among analysts is a “Moderate Buy” with a target price of $114.82.

In related news, insiders at Netflix have been active in selling shares. This includes CEO Gregory K. Peters and insider David A. Hyman, who have both sold significant numbers of shares in recent transactions.

Looking at institutional activity, several hedge funds and institutional investors have made moves to purchase shares of Netflix. Companies like Vanguard Group Inc. and State Street Corp have significantly increased their positions in the streaming service provider.

Overall, while Erste Group Bank may have downgraded Netflix, the overall sentiment from other firms and analysts remains positive, with a consensus view of a “Moderate Buy” and a target price of $114.82.