Netflix, Inc. $NFLX Shares Sold by Fred Alger Management LLC

Fred Alger Management LLC cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,014 shares of the Internet television network’s stock after selling 23,306 shares during the quarter. Netflix accounts for 1.6% of Fred Alger Management LLC’s portfolio, making the stock its 13th biggest holding. Fred Alger Management LLC’s holdings in Netflix were worth $418,440,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Focus Partners Wealth lifted its holdings in Netflix by 75.3% in the third quarter. Focus Partners Wealth now owns 101,386 shares of the Internet television network’s stock valued at $121,526,000 after acquiring an additional 43,565 shares during the period. Element Capital Management LLC acquired a new position in shares of Netflix during the 3rd quarter worth $496,000. Brevan Howard Capital Management LP grew its stake in shares of Netflix by 30.7% during the 3rd quarter. Brevan Howard Capital Management LP now owns 17,060 shares of the Internet television network’s stock worth $20,454,000 after purchasing an additional 4,011 shares during the period. Crawford Investment Counsel Inc. purchased a new position in shares of Netflix in the 3rd quarter valued at about $357,000. Finally, CSM Advisors LLC increased its holdings in shares of Netflix by 878.1% in the 3rd quarter. CSM Advisors LLC now owns 3,844 shares of the Internet television network’s stock valued at $4,609,000 after purchasing an additional 3,451 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research analyst reports. Benchmark reissued a “hold” rating on shares of Netflix in a report on Tuesday, January 13th. TD Cowen dropped their target price on shares of Netflix from $115.00 to $112.00 and set a “buy” rating for the company in a report on Wednesday, January 21st. Huber Research upgraded shares of Netflix from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 27th. UBS Group set a $104.00 price target on Netflix in a research note on Tuesday, January 27th. Finally, Wolfe Research upped their price target on Netflix from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $114.67.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is acquiring InterPositive, Ben Affleck’s AI moviemaking startup, in a deal reported to be as much as $600 million — a strategic move to accelerate AI tools for editing and production that could lower content costs and speed releases. MarketWatch: Netflix is spending up to $600 million to buy Ben Affleck’s AI startup
• Positive Sentiment: Netflix confirmed a sequel to its most-watched film ever, “KPop Demon Hunters,” supporting continued strong content performance and subscriber engagement. Reuters: More demons, more K-pop: Netflix announces ‘KPop Demon Hunters’ sequel
• Positive Sentiment: Netflix is expanding into games and live streaming (hires and tech partnerships reported), signaling new revenue adjacencies beyond SVOD that could improve monetization over time. Yahoo Finance: Netflix Expands Games And Live Streaming
• Neutral Sentiment: The company set its Q1 2026 earnings release for April 16, giving the market a date to reassess growth, margins and guidance — an event risk but also an information catalyst. PR Newswire: Netflix to Announce First Quarter 2026 Financial Results
• Neutral Sentiment: High investor attention and bullish commentary (e.g., some strategists buying after the company dropped the Warner Bros. Discovery deal) are driving flows and sentiment—but they don’t guarantee fundamentals will beat expectations. Zacks: Netflix is Attracting Investor Attention
• Negative Sentiment: Reports of internal product-team cuts and a reorg could signal cost pressure or execution risk; layoffs can reduce near-term innovation velocity and unsettle employees. Benzinga: Netflix Cuts Dozens Of Product Team Jobs Amid Internal Restructuring
• Negative Sentiment: The sizable InterPositive price tag (reported up to $600M) creates near-term cash outflow and integration risk; investors may worry about payback timing and execution on promised AI cost savings. TechCrunch: Netflix may have paid $600 million for Ben Affleck’s AI startup

Insider Activity

In other Netflix news, Director Reed Hastings sold 426,290 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $91.67, for a total transaction of $39,078,004.30. Following the completion of the transaction, the director owned 3,940 shares of the company’s stock, valued at approximately $361,179.80. This trade represents a 99.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 105,781 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $82.94, for a total value of $8,773,476.14. Following the completion of the transaction, the chief executive officer directly owned 122,140 shares of the company’s stock, valued at approximately $10,130,291.60. This trade represents a 46.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,520,133 shares of company stock worth $137,259,786. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Performance

NASDAQ:NFLX opened at $95.31 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $402.41 billion, a P/E ratio of 37.72, a price-to-earnings-growth ratio of 1.46 and a beta of 1.68. The firm has a 50-day moving average price of $86.57 and a two-hundred day moving average price of $102.67. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $11.97 billion. Netflix had a net margin of 24.30% and a return on equity of 43.26%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Netflix Company Profile

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.