56,957 Shares of Netflix, Inc. $NFLX Acquired by Partners Wealth Management LLC

Partners Wealth Management LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the third quarter, Holdings Channel reports. The firm acquired 56,957 shares of the Internet television network’s stock, valued at approximately $3,963,000.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Netflix during the second quarter worth approximately $24,902,221,000. State Street Corp raised its stake in shares of Netflix by 4.9% during the second quarter. State Street Corp now owns 180,129,582 shares of the Internet television network’s stock valued at $12,861,252,000 after acquiring an additional 8,474,820 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Netflix by 4.3% during the first 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 acquiring an additional 2,376,349 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Netflix in the second quarter valued at approximately $1,906,482,000. Finally, Legal & General Group Plc purchased a new stake in shares of Netflix in the second quarter valued at approximately $1,886,526,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. China Renaissance dropped their price objective on Netflix from $100.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, July 17th. KeyCorp decreased their target price on Netflix from $92.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Piper Sandler reiterated an “overweight” rating and issued a $78.00 target price (down from $85.00) on shares of Netflix in a report on Wednesday, October 21st. Citigroup reiterated a “buy” rating and issued a $85.00 target price (down from $100.00) on shares of Netflix in a report on Wednesday, October 21st. Finally, Citizens Jmp reissued a “market perform” rating on shares of Netflix in a research report on Wednesday, October 21st. Two equities 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.14.

Netflix Price Performance

NASDAQ NFLX opened at $62.05 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s 50 day moving average price is $73.03 and its 200-day moving average price is $81.71. Netflix, Inc. has a 52-week low of $61.39 and a 52-week high of $116.73. The company has a market cap of $254.80 billion, a PE ratio of 17.93, a P/E/G ratio of 0.91 and a beta of 1.62.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.05. The company had revenue of $12.87 billion for the quarter, compared to analyst estimates of $12.87 billion. Netflix had a net margin of 29.69% and a return on equity of 42.69%. Netflix’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $0.59 earnings per share. Sell-side analysts forecast that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Some investors view the sell-off as a buying opportunity. Morningstar reportedly sees approximately 30% upside, while other bullish analyses point to Netflix’s strong free cash flow, healthy balance sheet, international growth and expected 2026 operating-margin expansion to 31.5%. Morningstar Netflix Analysis
• Positive Sentiment: Netflix expects advertising revenue to grow more than 80% in 2026. If the company can overcome rollout delays and improve execution, the advertising business could provide a meaningful new growth and monetization stream. Netflix Advertising Business Analysis
• Neutral Sentiment: Director Bradford Smith sold 17,980 shares worth approximately $1.15 million under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 18.4%, but its planned nature makes it a limited signal about management’s current outlook. Netflix Insider Sale
• Negative Sentiment: Investors are increasingly concerned that members are watching less, particularly in the United States. The resulting questions about engagement, cultural relevance and competition from short-form video, artificial intelligence and other entertainment platforms have extended the post-earnings sell-off. Netflix Attention Economy Analysis
• Negative Sentiment: YouTube’s strong living-room advertising performance is raising concerns that Alphabet’s platform is taking television viewing time and advertising dollars that Netflix hopes to capture. YouTube Living-Room Competition
• Negative Sentiment: Analysts have reduced ratings or price targets, citing slower growth, limited upside from additional price increases and advertising execution risks. Netflix’s roughly $2 billion 2026 advertising forecast is also being viewed as modest relative to competitors such as YouTube. Netflix Price Increase Downgrade

Insider Buying and Selling at Netflix

In other news, CFO Spencer Neumann sold 9,248 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at approximately $5,592,316.73. The trade was a 11.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard N. Barton sold 720 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $75.27, for a total value of $54,194.40. Following the sale, the director owned 2,460 shares of the company’s stock, valued at $185,164.20. This trade represents a 22.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 197,025 shares of company stock worth $14,283,453. 1.24% of the stock is currently owned by company insiders.

Netflix Company Profile

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.