Netflix, Inc. $NFLX Stock: Pinnacle Associates Ltd. Grows Position

Pinnacle Associates Ltd. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 35.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 190,170 shares of the Internet television network’s stock after acquiring an additional 50,014 shares during the period. Pinnacle Associates Ltd.’s holdings in Netflix were worth $13,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sulzberger Capital Advisors Inc. boosted its holdings in shares of Netflix by 4.7% in the 3rd quarter. Sulzberger Capital Advisors Inc. now owns 7,081 shares of the Internet television network’s stock valued at $493,000 after buying an additional 315 shares in the last quarter. Cohen Investment Advisors LLC boosted its stake in Netflix by 11.7% in the third quarter. Cohen Investment Advisors LLC now owns 25,293 shares of the Internet television network’s stock valued at $1,760,000 after acquiring an additional 2,657 shares in the last quarter. Integrated Advisors Network LLC boosted its stake in Netflix by 12.0% in the third quarter. Integrated Advisors Network LLC now owns 58,683 shares of the Internet television network’s stock valued at $4,083,000 after acquiring an additional 6,290 shares in the last quarter. Harfst & Associates Inc. boosted its stake in Netflix by 4.0% in the third quarter. Harfst & Associates Inc. now owns 21,562 shares of the Internet television network’s stock valued at $1,500,000 after acquiring an additional 827 shares in the last quarter. Finally, Oregon Pacific Wealth Management LLC grew its holdings in shares of Netflix by 51.6% during the third quarter. Oregon Pacific Wealth Management LLC now owns 5,566 shares of the Internet television network’s stock worth $387,000 after purchasing an additional 1,894 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, Director Richard Barton sold 720 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $75.27, for a total transaction of $54,194.40. Following the transaction, the director owned 2,460 shares of the company’s stock, valued at $185,164.20. This trade represents a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore Sarandos sold 27,312 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $73.35, for a total value of $2,003,335.20. Following the transaction, the chief executive officer directly owned 178,954 shares in the company, valued at approximately $13,126,275.90. This represents a 13.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 179,045 shares of company stock valued at $13,132,194. Corporate insiders own 1.24% of the company’s stock.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix reported third-quarter EPS of $0.87, above the $0.82 consensus estimate, while revenue of $12.87 billion was essentially in line with expectations. Revenue increased about 12% year over year, operating margin expanded to 34.6%, and net income rose approximately 44%. Netflix Q3 earnings report
• Positive Sentiment: Some analysts remain constructive after the selloff. UBS, JPMorgan, Bank of America, TD Cowen and Guggenheim maintained positive ratings despite lowering price targets, while BMO described the decline as a potential buying opportunity. BMO post-earnings view
• Positive Sentiment: Management expects advertising revenue to grow more than 80% in 2026 and is betting on improved U.S. programming, live events and internationally successful local-language content to increase engagement and improve returns on content spending. Local-language content analysis

Netflix Stock Down 5.3%

Shares of NASDAQ:NFLX opened at $65.04 on Thursday. Netflix, Inc. has a 1-year low of $64.10 and a 1-year high of $116.73. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $270.82 billion, a P/E ratio of 18.80, a P/E/G ratio of 0.97 and a beta of 1.62. The firm has a fifty day moving average price of $74.74 and a 200 day moving average price of $79.96.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. The company had revenue of $12.87 billion for the quarter, compared to analyst estimates of $12.87 billion. Netflix had a net margin of 29.69% and a return on equity of 42.69%. Netflix’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. Sell-side analysts predict that Netflix, Inc. will post 3.59 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Piper Sandler reiterated an “overweight” rating and set a $78.00 target price (down from $85.00) on shares of Netflix in a research report on Wednesday. Morgan Stanley set a $77.00 target price on Netflix and gave the company an “overweight” rating in a report on Wednesday. Sanford C. Bernstein reissued an “outperform” rating and issued a $80.00 target price (down from $95.00) on shares of Netflix in a research report on Wednesday. Rothschild & Co Redburn dropped their price target on Netflix from $120.00 to $93.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Finally, Seaport Research Partners set a $85.00 price target on Netflix in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.94.

Netflix Company Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.