12,856 Netflix, Inc. $NFLX Shares Bought by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 371.9% during the 3rd quarter, Holdings Channel reports. The firm owned 16,313 shares of the Internet television network’s stock after buying an additional 12,856 shares during the period. Sage Private Wealth Group LLC’s holdings in Netflix were worth $1,135,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. BlackRock Inc. purchased a new stake in Netflix in the 2nd quarter valued at approximately $24,902,221,000. State Street Corp grew its holdings in Netflix by 4.9% during the 2nd quarter. State Street Corp now owns 180,129,582 shares of the Internet television network’s stock valued at $12,861,252,000 after buying an additional 8,474,820 shares during the last quarter. Bank of America Corp DE grew its holdings in Netflix by 4.3% during the 1st 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 buying an additional 2,376,349 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Netflix during the 2nd quarter valued at $1,906,482,000. Finally, Legal & General Group Plc purchased a new position in Netflix during the second quarter worth $1,886,526,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Down 5.3%

Shares of NASDAQ NFLX opened at $65.04 on Thursday. Netflix, Inc. has a 1 year low of $64.10 and a 1 year high of $116.73. The firm’s 50 day moving average price is $74.74 and its 200 day moving average price is $79.96. The firm has a market cap of $270.82 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 0.97 and a beta of 1.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14.

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

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of analyst reports. Seaport Research Partners set a $85.00 price target on Netflix in a report on Wednesday. Weiss Ratings upgraded Netflix from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Needham & Company LLC lowered Netflix from a “buy” rating to a “hold” rating in a research note on Wednesday. Loop Capital dropped their price objective on Netflix from $115.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Finally, TD Cowen reiterated a “buy” rating and set a $100.00 price objective on shares of Netflix in a research report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.94.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix reported third-quarter EPS of $0.87, above the $0.82 consensus estimate, while revenue of $12.87 billion was essentially in line with expectations. Revenue increased about 12% year over year, operating margin expanded to 34.6%, and net income rose approximately 44%. Netflix Q3 earnings report
• Positive Sentiment: Some analysts remain constructive after the selloff. UBS, JPMorgan, Bank of America, TD Cowen and Guggenheim maintained positive ratings despite lowering price targets, while BMO described the decline as a potential buying opportunity. BMO post-earnings view
• Positive Sentiment: Management expects advertising revenue to grow more than 80% in 2026 and is betting on improved U.S. programming, live events and internationally successful local-language content to increase engagement and improve returns on content spending. Local-language content analysis

Insider Buying and Selling at Netflix

In other news, Director Richard Barton sold 720 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $75.27, for a total transaction of $54,194.40. Following the sale, the director owned 2,460 shares in the company, valued at $185,164.20. This trade represents a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Hyman sold 5,723 shares of Netflix stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total value of $416,920.55. Following the completion of the sale, the insider directly owned 316,100 shares of the company’s stock, valued at approximately $23,027,885. This represents a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 179,045 shares of company stock valued at $13,132,194. 1.24% of the stock is currently owned by insiders.

Netflix 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.