Netflix, Inc. $NFLX Stock: Private Advisory Group LLC Cuts Stake

Private Advisory Group LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 10.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 188,570 shares of the Internet television network’s stock after selling 20,924 shares during the quarter. Private Advisory Group LLC’s holdings in Netflix were worth $13,121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. BlackRock Inc. purchased a new position in Netflix during the second quarter valued at approximately $24,902,221,000. State Street Corp boosted its position in shares of Netflix by 4.9% in the second quarter. State Street Corp now owns 180,129,582 shares of the Internet television network’s stock worth $12,861,252,000 after purchasing an additional 8,474,820 shares during the period. Bank of America Corp DE increased its stake in shares of Netflix by 4.3% in the first quarter. Bank of America Corp DE now owns 57,942,812 shares of the Internet television network’s stock worth $5,571,201,000 after purchasing 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 worth $1,906,482,000. Finally, Legal & General Group Plc purchased a new stake in shares of Netflix in the second quarter worth $1,886,526,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In other Netflix news, Director Bradford L. Smith sold 17,980 shares of the business’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $64.03, for a total value of $1,151,259.40. Following the sale, the director owned 79,690 shares in the company, valued at $5,102,550.70. The trade was a 18.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David A. Hyman sold 5,727 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $64.55, for a total transaction of $369,677.85. Following the completion of the sale, the insider owned 166,100 shares in the company, valued at approximately $10,721,755. The trade was a 3.33% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 89,024 shares of company stock valued at $5,788,733 in the last ninety days. Corporate insiders own 1.24% of the company’s stock.

Netflix Trading Down 2.9%

Shares of NFLX opened at $62.69 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.07 and a quick ratio of 1.07. Netflix, Inc. has a 1 year low of $61.39 and a 1 year high of $116.73. The company has a 50 day simple moving average of $69.59 and a two-hundred day simple moving average of $80.54. The firm has a market cap of $257.43 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 0.94 and a beta of 1.62.

Netflix (NASDAQ:NFLX) last released 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. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The firm had revenue of $12.87 billion for the quarter, compared to analysts’ expectations of $12.87 billion. During the same quarter last year, the business posted $0.59 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Key Headlines Impacting Netflix

Here are a few of the latest headlines about NFLX:

• Positive Sentiment: Netflix’s strong cash generation and a packed holiday release schedule could support growth. The company expects about $12 billion in free cash flow for 2026, although the outlook is being tested by higher content spending. Article: Will Content Capex Weigh on Netflix’s Free Cash Flow Trajectory?
• Neutral Sentiment: Following a sharp decline, NFLX trades at under 18 times earnings, which may appeal to value-focused investors; the low multiple also reflects concerns about the company’s growth outlook. Article: Netflix trades under 18x earnings after a steep valuation reset
• Negative Sentiment: Co-CEO Gregory Peters sold 27,312 shares for about $1.74 million, reducing his direct holdings by 18.6%. The sale may add to near-term investor caution, though the report does not state the reason for the transaction. Article: Netflix CEO Gregory Peters Sells 27,312 Shares of Stock

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. DZ Bank restated a “buy” rating on shares of Netflix in a research note on Monday, July 20th. Citizens Jmp reaffirmed a “market perform” rating on shares of Netflix in a report on Wednesday, October 21st. Barclays set a $65.00 price target on Netflix and gave the stock an “equal weight” rating in a research note on Wednesday, October 21st. New Street Research increased their price target on Netflix from $96.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Finally, Morgan Stanley set a $77.00 price target on Netflix and gave the company an “overweight” rating in a report on Wednesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.14.

About Netflix

Netflix, Inc. is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand. Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.