Netflix, Inc. $NFLX Stock Sold by Simplicity Wealth LLC

Simplicity Wealth LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,853 shares of the Internet television network’s stock after selling 10,414 shares during the quarter. Simplicity Wealth LLC’s holdings in Netflix were worth $6,530,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Nykredit A S purchased a new stake in shares of Netflix in the second quarter worth approximately $105,697,000. Rockland Trust Co. grew 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 grew 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 position in Netflix by 3,464.5% during 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 in the last quarter. Finally, USS Investment Management Ltd increased its stake in Netflix by 31.8% in the 1st quarter. USS Investment Management Ltd now owns 886,527 shares of the Internet television network’s stock valued at $85,244,000 after buying an additional 213,972 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix reported third-quarter EPS of $0.87, ahead of the $0.82 consensus estimate, while revenue reached $12.87 billion. Operating margin rose to 34.6%, supporting the argument that the core streaming business remains highly profitable. Can Netflix Stock Hold Margin Gains as Content Spending Keeps Growing?
• Positive Sentiment: Longer-term bulls argue that Netflix’s profitability, systematic share repurchases, local-language content, and continued subscriber retention could create meaningful upside after the sell-off. Bill Ackman has also returned to the stock and expects annualized returns above 20%. Bill Ackman Lost $400 Million on Netflix
• Positive Sentiment: Ark Invest’s Cathie Wood bought 18,000 Netflix shares, signaling that some growth-oriented investors view the two-year-low valuation as an opportunity. Cathie Wood Just Bought Netflix Stock
• Neutral Sentiment: Netflix is reportedly planning layoffs at its Bay Area headquarters. The cuts could reduce costs, but they also raise questions about operating priorities and employee productivity. Netflix Stock Slips as Layoffs Hit Bay Area Headquarters
• Neutral Sentiment: Paramount Skydance’s completed merger highlights intensifying competition for scale and content across the entertainment industry, potentially increasing pressure on Netflix to sustain its content advantage. Could Skydance Be Bigger Than Disney?
• Negative Sentiment: Management reduced its 2026 advertising-revenue outlook to approximately $2.7 billion from about $3 billion. Softer ad growth undermines a major part of Netflix’s expansion thesis and overshadowed the earnings beat. Netflix Cut Its 2026 Ad Forecast by $300 Million
• Negative Sentiment: Disappointing fourth-quarter revenue guidance and decelerating growth have led investors to discount the strong quarterly results. Netflix’s reduced 2026 free-cash-flow outlook is another concern as content spending continues to rise. Netflix Has Lower FCF Guidance
• Negative Sentiment: Several analysts lowered their price targets or ratings after the report. One fair-value estimate fell from $92.62 to $86.24, while UBS, Guggenheim, and Needham adopted more cautious views. Netflix Stock Fair Value Falls After Cautious Q3 Analyst Revisions
• Negative Sentiment: Reports indicate viewing time is declining even though subscribers are staying, suggesting weaker engagement. YouTube and lower-cost streaming alternatives may also be contributing to slower revenue growth. Netflix Is Losing Viewers

Insider Buying and Selling at Netflix

In related news, Director Richard N. Barton sold 2,160 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $75.10, for a total value of $162,216.00. Following the transaction, the director directly owned 246 shares in the company, valued at approximately $18,474.60. This trade represents a 89.78% decrease in their position. 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 Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $73.54, for a total value of $2,008,524.48. Following the completion of the transaction, the chief executive officer owned 120,931 shares in the company, valued at $8,893,265.74. The trade was a 18.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 179,045 shares of company stock worth $13,132,194 in the last 90 days. Company insiders own 1.24% of the company’s stock.

Netflix Trading Down 1.8%

Shares of NASDAQ NFLX opened at $65.85 on Friday. The stock has a market cap of $270.40 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 0.96 and a beta of 1.62. The business has a 50 day simple moving average of $74.27 and a 200 day simple moving average of $79.64. Netflix, Inc. has a 52 week low of $64.10 and a 52 week high of $116.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.07.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, topping 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 firm had revenue of $12.87 billion for the quarter, compared to the consensus estimate of $12.87 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. On average, research analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NFLX. Guggenheim cut their target price on shares of Netflix from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday. Wedbush decreased their target price on shares of Netflix from $105.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Bank of America lowered their price target on shares of Netflix from $105.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday. Evercore reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Netflix in a research note on Wednesday. Finally, TD Cowen reaffirmed a “buy” rating and issued a $100.00 price target on shares of Netflix in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $89.59.

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.