20,924 Netflix, Inc. $NFLX Shares Sold by Private Advisory Group LLC

Private Advisory Group LLC cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,570 shares of the Internet television network’s stock after selling 20,924 shares during the period. Private Advisory Group LLC’s holdings in Netflix were worth $13,121,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NFLX. BlackRock Inc. purchased a new position in Netflix in the 2nd quarter worth about $24,902,221,000. Bank of New York Mellon Corp bought a new position in Netflix during the 2nd quarter valued at about $1,906,482,000. Legal & General Group Plc bought a new position in Netflix during the 2nd quarter valued at about $1,886,526,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Netflix during the 2nd quarter valued at about $1,481,303,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Netflix by 194.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 16,111,438 shares of the Internet television network’s stock valued at $1,121,034,000 after acquiring an additional 10,647,803 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of research analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $80.00 price target (down from $95.00) on shares of Netflix in a research note on Wednesday, October 21st. Needham & Company LLC downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research report on Wednesday, October 21st. Morgan Stanley set a $77.00 price objective on shares of Netflix and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Evercore restated an “outperform” rating and issued a $90.00 target price on shares of Netflix in a report on Wednesday, October 21st. Finally, Pivotal Research reaffirmed a “hold” rating and issued a $65.00 target price (down from $70.00) on shares of Netflix in a research report on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.14.

Netflix Stock Down 2.9%

NFLX stock opened at $62.69 on Friday. The company has a market cap of $257.43 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 0.94 and a beta of 1.62. 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 business’s 50-day moving average is $69.59 and its two-hundred day moving average is $80.54. Netflix, Inc. has a fifty-two week low of $61.39 and a fifty-two week high of $116.73.

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

Trending Headlines about Netflix

Investors following NFLX have been watching these headlines:

• 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: Investors remain concerned about slowing engagement, YouTube competition and rising content costs. Coverage says these pressures have eroded confidence and contributed to Netflix shares losing ground from their 2025 peak. Article: Netflix Wipes Out Five Years of Gains

Insider Transactions at Netflix

In related news, Director Bradford Smith sold 17,980 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 79,690 shares of the company’s stock, valued at approximately $5,102,550.70. This trade represents a 18.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Peters sold 27,312 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $63.62, for a total transaction of $1,737,589.44. Following the sale, the chief executive officer owned 119,412 shares of the company’s stock, valued at $7,596,991.44. This trade represents a 18.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 89,024 shares of company stock worth $5,788,733. 1.24% of the stock is currently owned by corporate insiders.

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.