Netflix, Inc. $NFLX Shares Acquired by Ethic Inc.

Ethic Inc. lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.7% in the third quarter, Holdings Channel.com reports. The firm owned 546,393 shares of the Internet television network’s stock after buying an additional 14,458 shares during the period. Ethic Inc.’s holdings in Netflix were worth $38,018,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nykredit A S purchased a new stake in shares of Netflix during the 2nd quarter worth $105,697,000. Rockland Trust Co. boosted its position in Netflix by 27.5% during the third quarter. Rockland Trust Co. now owns 219,221 shares of the Internet television network’s stock valued at $15,253,000 after purchasing an additional 47,339 shares in the last quarter. Boomfish Wealth Group LLC boosted its position in Netflix by 91.5% during the third quarter. Boomfish Wealth Group LLC now owns 34,547 shares of the Internet television network’s stock valued at $2,404,000 after purchasing an additional 16,510 shares in the last quarter. Welch & Forbes LLC grew its stake in Netflix by 3,464.5% in the first quarter. Welch & Forbes LLC now owns 118,448 shares of the Internet television network’s stock valued at $11,389,000 after purchasing an additional 115,125 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Netflix in the second quarter valued at about $37,743,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix ordered Other Worlds: A Stranger Things Adventure, a live-action prequel series. Extending a popular franchise could support viewer engagement, though the financial impact and timing are not yet clear. Article: Stranger Things prequel series
• Positive Sentiment: A valuation analysis argues NFLX could be undervalued, estimating about 23% upside to fair value. This offers a counterpoint to recent weakness, but is an analyst view rather than a company announcement. Article: Netflix stock fair-value analysis
• Neutral Sentiment: CEO Ted Sarandos and CFO Spencer Neumann disclosed share sales, but the transactions were made to cover tax withholding on vested equity awards. That stated purpose makes them a less clear signal about management’s view of the stock. Article: Netflix insider share sales
• Negative Sentiment: Coverage noted NFLX slipping even with the new Stranger Things plans, suggesting the content announcement has not eased near-term selling pressure. The shares are also near their 52-week low and far below their 52-week high, reflecting a weak recent trend. Article: Netflix stock slips despite new Stranger Things plans

Analyst Ratings Changes

A number of equities analysts have commented on NFLX shares. Argus set a $95.00 target price on shares of Netflix and gave the stock a “buy” rating in a report on Thursday, October 22nd. Pivotal Research reissued a “hold” rating and set a $65.00 price target (down from $70.00) on shares of Netflix in a research report on Wednesday, October 21st. Yorkville Ives assumed coverage on shares of Netflix in a report on Monday, October 5th. They issued an “in-line” rating and a $75.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $93.00 price objective on shares of Netflix in a research report on Wednesday, October 21st. Finally, Canaccord Genuity Group set a $110.00 price objective on shares of Netflix in a research note on Wednesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $89.14.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Neumann sold 9,253 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $66.15, for a total transaction of $612,085.95. Following the transaction, the chief financial officer owned 73,787 shares in the company, valued at $4,881,010.05. This represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard Barton sold 720 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $75.27, for a total transaction of $54,194.40. Following the completion of the transaction, the director directly owned 2,460 shares of the company’s stock, valued at $185,164.20. The trade was a 22.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 70,960 shares of company stock valued at $4,752,050. Insiders own 1.24% of the company’s stock.

Netflix Stock Down 3.3%

Shares of NFLX stock opened at $63.41 on Friday. Netflix, Inc. has a 1-year low of $61.39 and a 1-year high of $116.73. The stock’s fifty day moving average price is $71.03 and its 200 day moving average price is $80.97. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $260.38 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 0.93 and a beta of 1.62.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results 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. Netflix had a return on equity of 42.69% and a net margin of 29.69%. The company had revenue of $12.87 billion during the quarter, compared to analysts’ expectations of $12.87 billion. During the same period last year, the business posted $0.59 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. On average, research analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

About Netflix

Netflix, Inc is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand.

Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.