Netflix, Inc. $NFLX Stock: Ninety One UK Ltd Boosts Position

Ninety One UK Ltd raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 611.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,525 shares of the Internet television network’s stock after purchasing an additional 14,202 shares during the period. Ninety One UK Ltd’s holdings in Netflix were worth $1,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. American Capital Advisory LLC increased its stake in shares of Netflix by 0.8% in the first quarter. American Capital Advisory LLC now owns 13,990 shares of the Internet television network’s stock worth $1,345,000 after buying an additional 109 shares during the last quarter. CWS Financial Advisors LLC boosted its stake in Netflix by 3.2% during the 1st quarter. CWS Financial Advisors LLC now owns 3,612 shares of the Internet television network’s stock valued at $347,000 after acquiring an additional 112 shares during the last quarter. Warner Group LLC boosted its stake in Netflix by 2.2% during the 1st quarter. Warner Group LLC now owns 5,230 shares of the Internet television network’s stock valued at $503,000 after acquiring an additional 114 shares during the last quarter. Financial Avengers Inc. grew its holdings in Netflix by 9.8% during the 1st quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network’s stock worth $124,000 after acquiring an additional 115 shares in the last quarter. Finally, PAX Financial Group LLC grew its holdings in Netflix by 2.5% during the 1st quarter. PAX Financial Group LLC now owns 4,847 shares of the Internet television network’s stock worth $466,000 after acquiring an additional 116 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

Netflix stock opened at $72.61 on Friday. The company has a market cap of $302.34 billion, a PE ratio of 22.85, a P/E/G ratio of 1.00 and a beta of 1.62. The company has a fifty day moving average price of $75.25 and a two-hundred day moving average price of $80.73. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. Netflix, Inc. has a 12 month low of $65.08 and a 12 month high of $124.86.

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

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Jefferies initiated coverage with a Buy rating and an $85 price target, citing potential revenue support from subscription-price increases and advertising. Netflix stock gets bullish analyst call ahead of next week’s earnings
• Positive Sentiment: Netflix named former Disney and Fox executive Peter Rice as chief content officer, replacing Bela Bajaria. Rice’s experience could help Netflix improve its content strategy and viewer engagement as competition intensifies. Netflix names former Disney executive Rice as new content chief
• Neutral Sentiment: Netflix will release third-quarter results on October 20. Wall Street estimates for revenue, earnings and operating metrics may drive volatility as investors look for evidence that pricing, advertising and content investments are offsetting weaker engagement. Ahead of Netflix Q3 earnings
• Negative Sentiment: Netflix is eliminating roughly 1,000 positions, or 6% of its workforce, its largest reduction since 2022. Management described the move as a resource-allocation and efficiency effort, but investors may view it as evidence of slowing growth and pressure to control costs. Netflix is laying off roughly 6% of its workforce
• Negative Sentiment: Reports citing app data indicate U.S. churn has risen and viewing engagement has weakened. Those trends raise questions about Netflix’s ability to retain subscribers amid competition from other streaming services, YouTube and creator-led video. Netflix warning signs ahead of Q3 earnings

Insider Buying and Selling

In related news, insider David A. Hyman sold 5,723 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total transaction of $416,920.55. Following the completion of the sale, the insider owned 316,100 shares of the company’s stock, valued at $23,027,885. This represents a 1.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Neumann sold 9,248 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the sale, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at approximately $5,592,316.73. This represents a 11.14% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 179,045 shares of company stock worth $13,132,194. Company insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NFLX shares. CLSA initiated coverage on shares of Netflix in a research report on Monday, July 20th. They issued an “outperform” rating for the company. KGI Securities cut shares of Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research report on Friday, July 17th. KeyCorp decreased their price target on Netflix from $92.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday. Oppenheimer set a $85.00 price target on Netflix and gave the stock an “outperform” rating in a research note on Friday, July 17th. Finally, TD Cowen reissued a “buy” rating and issued a $100.00 price objective on shares of Netflix in a report on Monday, October 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $94.41.

About Netflix

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.