Netflix, Inc. $NFLX Shares Sold by Talbot Financial LLC

Talbot Financial LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 178,884 shares of the Internet television network’s stock after selling 11,649 shares during the quarter. Talbot Financial LLC’s holdings in Netflix were worth $12,447,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Netflix in the 2nd quarter valued at approximately $24,902,221,000. State Street Corp boosted its stake in shares of Netflix by 4.9% during the 2nd quarter. State Street Corp now owns 180,129,582 shares of the Internet television network’s stock valued at $12,861,252,000 after buying an additional 8,474,820 shares during the period. Bank of America Corp DE boosted its stake in shares of Netflix by 4.3% during the 1st quarter. Bank of America Corp DE now owns 57,942,812 shares of the Internet television network’s stock valued at $5,571,201,000 after buying an additional 2,376,349 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Netflix during the 2nd quarter valued at $1,906,482,000. Finally, Legal & General Group Plc purchased a new position in shares of Netflix during the 2nd quarter valued at $1,886,526,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Netflix

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 growth from pricing, advertising and live sports. Jefferies Makes a Bold $85 Call on Netflix Stock
• Positive Sentiment: Netflix’s advertising business remains a potential growth catalyst: the company is targeting approximately $3 billion in 2026 ad revenue, while upfront commitments have nearly doubled. Analysts also expect third-quarter revenue and earnings to increase year over year. Can Ad-Supported Streaming Momentum Boost Netflix’s Q3 Results?
• Neutral Sentiment: Options markets imply an approximately 9% move after the earnings release, while analysts remain broadly constructive but have recently lowered several price targets. The report is expected after the closing bell on October 20. Netflix Stock Nears Earnings With $64–$77 Range in Focus
• Negative Sentiment: Netflix plans to eliminate roughly 1,000 jobs, or 6% of its workforce, its largest reduction since 2022. Co-CEO Ted Sarandos has acknowledged that growth was not fast enough, raising concerns about the company’s operating momentum and content spending efficiency. Netflix’s Co-CEO Ted Sarandos Just Gave Investors Bad News Before Earnings
• Negative Sentiment: Viewer engagement reportedly declined 26%, intensifying concerns about slowing demand, subscriber churn and Netflix’s ability to sustain growth without another breakout hit. Netflix Faces Questions on User Engagement Ahead of Third-Quarter Report
• Negative Sentiment: The company fired film chief Dan Lin and replaced chief content officer Bela Bajaria with Peter Rice. The abrupt leadership changes, combined with layoffs and complaints about a lackluster content calendar, suggest internal restructuring rather than accelerating growth. Netflix Fires Its Film Chief amid Internal Restructuring

Netflix Stock Down 1.3%

Shares of NFLX traded down $0.92 during mid-day trading on Monday, hitting $69.61. 16,887,429 shares of the company’s stock were exchanged, compared to its average volume of 42,135,852. The stock has a market cap of $289.85 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 1.00 and a beta of 1.62. The firm has a fifty day moving average of $75.17 and a two-hundred day moving average of $80.57. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $124.86.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. Netflix’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. On average, sell-side analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current year.

Insider Activity at Netflix

In related news, CFO Spencer Neumann sold 9,248 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $75.79, for a total value of $700,905.92. Following the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at approximately $5,592,316.73. This trade represents a 11.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 105,850 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $73.03, for a total value of $7,730,225.50. Following the completion of the sale, the chief executive officer owned 206,266 shares of the company’s stock, valued at approximately $15,063,605.98. This trade represents a 33.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Over the last quarter, insiders sold 179,045 shares of company stock valued at $13,132,194. Insiders own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company downgraded shares of Netflix from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $80.00 to $57.00 in a research note on Friday, September 18th. China Intl Cap raised Netflix to a “strong-buy” rating in a research report on Tuesday, July 21st. BMO Capital Markets restated an “outperform” rating and issued a $125.00 target price (down from $135.00) on shares of Netflix in a research note on Friday. Deutsche Bank Aktiengesellschaft raised Netflix from a “hold” rating to a “buy” rating and dropped their target price for the stock from $100.00 to $95.00 in a research report on Tuesday, September 29th. Finally, Huber Research lowered Netflix from a “buy” rating to an “underweight” rating in a research report on Tuesday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.38.

About Netflix

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.