9,200 Shares in Netflix, Inc. $NFLX Bought by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 3rd quarter, HoldingsChannel reports. The firm purchased 9,200 shares of the Internet television network’s stock, valued at approximately $640,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Canandaigua National Bank & Trust Co. acquired a new stake in shares of Netflix during the third quarter worth $1,294,000. Persium Advisors LLC lifted its holdings in Netflix by 14.4% in the third quarter. Persium Advisors LLC now owns 12,253 shares of the Internet television network’s stock valued at $853,000 after buying an additional 1,545 shares during the period. Rhodes Investment Advisors Inc. ADV boosted its position in Netflix by 80.4% during the third quarter. Rhodes Investment Advisors Inc. ADV now owns 24,067 shares of the Internet television network’s stock valued at $1,675,000 after acquiring an additional 10,723 shares during the last quarter. Wealth Enhancement Trust Services Inc. boosted its position in Netflix by 4.7% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 38,583 shares of the Internet television network’s stock valued at $2,685,000 after acquiring an additional 1,747 shares during the last quarter. Finally, S.E.E.D. Planning Group LLC acquired a new stake in Netflix during the 3rd quarter worth about $1,171,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Moffett Nathanson lowered their price objective on Netflix from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, July 17th. China Renaissance decreased their target price on Netflix from $100.00 to $80.00 and set a “hold” rating for the company in a research note on Friday, July 17th. Wedbush lowered their target price on Netflix from $118.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Phillip Securities upgraded Netflix from a “moderate buy” rating to a “strong-buy” rating and set a $110.00 target price for the company in a report on Sunday, July 19th. Finally, KGI Securities lowered Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research note on Friday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.94.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: The completed Paramount-Warner Bros. Discovery merger creates a much larger competitor, but its estimated $80 billion debt load, substantial interest expense and expected integration costs could give Netflix a relative advantage. The new Skydance entity is targeting billions in cost savings and plans to combine Paramount+ and HBO Max, but it must first prove that streaming profits can offset declining linear-TV revenue. Skydance Just Became a Media Giant—With an $80 Billion Debt Load
• Positive Sentiment: Disney is licensing titles including “Percy Jackson” and “Ice Age” to Netflix, reinforcing Netflix’s distribution reach and highlighting its stronger cash-flow and margin profile compared with heavily indebted traditional media companies. Disney Is Opening the Door to Netflix—and Changing the Streaming Playbook
• Positive Sentiment: Proposed federal legislation could provide a 20% to 30% tax credit for qualifying U.S.-based film and television production, potentially lowering Netflix’s content costs if enacted. However, the bill is only proposed and would apply to productions beginning after 2026.
• Neutral Sentiment: Analyst views are divided: BMO sees significant upside, while Wells Fargo expects further downside. The disagreement reflects uncertainty over Netflix’s long-term growth and whether its valuation adequately compensates investors for that risk. NFLX Price Predictions 2027
• Negative Sentiment: Netflix’s second-quarter revenue rose 13.4% to $12.56 billion, but growth is expected to slow to roughly 11.7% in the third quarter. Investors are concerned that Netflix has entered a more mature phase, limiting the pace of future revenue expansion. 1 Number That Might Explain Why Netflix Stock Is Down
• Negative Sentiment: Content spending and live-sports rights costs are increasing, potentially constraining margin expansion because sports may generate limited viewing hours relative to their expense. Fierce streaming competition and a still-premium valuation are adding to the reasons some analysts recommend avoiding the stock for now. Netflix Stock Plunges 26.8% Year to Date

Insider Transactions at Netflix

In related news, Director Richard N. Barton sold 720 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $75.27, for a total value of $54,194.40. Following the transaction, the director directly owned 2,460 shares in the company, valued at $185,164.20. This trade represents a 22.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Neumann sold 9,248 shares of Netflix stock in a transaction on Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the completion of the sale, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at approximately $5,592,316.73. The trade was a 11.14% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 179,045 shares of company stock valued at $13,132,194. Company insiders own 1.24% of the company’s stock.

Netflix Stock Up 1.5%

Shares of NFLX stock traded up $1.01 on Wednesday, reaching $69.70. 30,059,995 shares of the company were exchanged, compared to its average volume of 42,498,609. The company has a market cap of $290.23 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 0.95 and a beta of 1.62. The company has a 50-day moving average of $75.60 and a 200-day moving average of $81.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. Netflix, Inc. has a one year low of $65.08 and a one year high of $124.86.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. During the same period in the previous year, the company posted $0.72 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. Analysts anticipate that Netflix, Inc. will post 3.59 earnings per share for the current year.

Netflix Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.