Netflix, Inc. $NFLX Shares Sold by Oak Grove Capital LLC

Oak Grove Capital LLC lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.7% in the third quarter, Holdings Channel reports. The fund owned 236,595 shares of the Internet television network’s stock after selling 34,425 shares during the quarter. Netflix comprises 0.7% of Oak Grove Capital LLC’s investment portfolio, making the stock its 27th biggest holding. Oak Grove Capital LLC’s holdings in Netflix were worth $16,462,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Netflix during the 2nd quarter valued at about $24,902,221,000. Invesco Ltd. lifted its stake in shares of Netflix by 835.9% in the 4th quarter. Invesco Ltd. now owns 43,462,696 shares of the Internet television network’s stock worth $4,075,062,000 after purchasing an additional 38,818,947 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Netflix in the 2nd quarter worth approximately $1,906,482,000. Legal & General Group Plc purchased a new position in shares of Netflix in the second quarter worth approximately $1,886,526,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Netflix in the second quarter worth approximately $1,481,303,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NFLX opened at $70.30 on Friday. The firm has a market cap of $292.72 billion, a P/E ratio of 22.13, a PEG ratio of 1.01 and a beta of 1.62. Netflix, Inc. has a 1-year low of $65.08 and a 1-year high of $124.86. The company has a 50 day simple moving average of $75.46 and a two-hundred day simple moving average of $81.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14.

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

Insiders Place Their Bets

In other news, insider David A. Hyman sold 5,723 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total value of $416,920.55. Following the completion of the transaction, the insider owned 316,100 shares of the company’s stock, valued at $23,027,885. This represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard N. Barton sold 720 shares of the stock in a transaction dated 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 represents a 22.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 179,045 shares of company stock worth $13,132,194 in the last three months. 1.24% of the stock is owned by company insiders.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Morgan Stanley maintained an “overweight” rating while trimming its price target from $83 to $80, implying meaningful upside from recent trading levels. The lower target reflects caution, but the continued bullish rating provides some support for the investment case. Morgan Stanley Netflix price target report
• Positive Sentiment: Netflix is reportedly paying $200 million for U.S. rights to the 2027 Women’s World Cup. The event could provide valuable live-programming exposure and attract new viewers, although the rights fee adds to near-term content spending. Netflix 2027 Women’s World Cup rights report
• Neutral Sentiment: Netflix’s upcoming scripted series about the FTX collapse, “The Altruists,” is scheduled for November 19. The program could generate attention and engagement, but criticism from figures connected to the crypto industry creates some reputational risk. Netflix FTX series criticism report
• Negative Sentiment: Multiple reports say Netflix plans to eliminate about 5% of its workforce—potentially roughly 800 jobs—with an announcement possibly coming next week. While the cuts could reduce operating expenses and improve margins, investors may interpret them as evidence that management is responding to weaker engagement, intensifying competition from YouTube and pressure on growth. Netflix has not confirmed the plans. Los Angeles Times Netflix layoffs report
• Negative Sentiment: A reported $2.8 billion termination fee boosted Netflix’s cash balance, but it is a one-time payment rather than recurring streaming cash flow. Investors are being cautioned not to treat the windfall as evidence of stronger underlying earnings or content-financing capacity. Netflix termination fee and cash flow report

Analysts Set New Price Targets

NFLX has been the subject of a number of research reports. Wedbush reduced their target price on shares of Netflix from $118.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Rosenblatt Securities set a $75.00 price objective on shares of Netflix and gave the company a “neutral” rating in a research report on Friday, July 17th. Itau BBA Securities cut their price objective on shares of Netflix from $151.40 to $96.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. Evercore reaffirmed an “outperform” rating and issued a $110.00 target price (up from $100.00) on shares of Netflix in a report on Monday, September 14th. Finally, CLSA began coverage on Netflix in a research report on Monday, July 20th. They set an “outperform” rating on the stock. Four analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $94.70.

About Netflix

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.