Netflix, Inc. $NFLX Shares Sold by Simplicity Wealth LLC

Simplicity Wealth LLC reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,853 shares of the Internet television network’s stock after selling 10,414 shares during the quarter. Simplicity Wealth LLC’s holdings in Netflix were worth $6,530,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Netflix in the second quarter valued at $24,902,221,000. State Street Corp boosted its stake in 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 buying an additional 8,474,820 shares in the last quarter. Bank of America Corp DE boosted its stake in 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 buying an additional 2,376,349 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Netflix during the second quarter worth about $1,906,482,000. Finally, Legal & General Group Plc acquired a new position in Netflix during the second quarter worth about $1,886,526,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

NFLX opened at $65.85 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.07 and a debt-to-equity ratio of 0.43. The firm has a market cap of $270.40 billion, a PE ratio of 19.03, a P/E/G ratio of 0.96 and a beta of 1.62. The business has a fifty day simple moving average of $74.27 and a 200-day simple moving average of $79.64. Netflix, Inc. has a fifty-two week low of $64.10 and a fifty-two week high of $116.73.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 42.69% and a net margin of 29.69%. Netflix’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 earnings per share. As a group, equities analysts predict that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the topic of several research reports. Loop Capital dropped their price target on shares of Netflix from $115.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Stephens began coverage on shares of Netflix in a research report on Friday, July 17th. They set an “overweight” rating for the company. Yorkville Ives initiated coverage on shares of Netflix in a research report on Monday, October 5th. They set an “in-line” rating and a $75.00 price objective for the company. President Capital lowered their price objective on shares of Netflix from $134.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, Citizens Jmp reiterated a “market perform” rating on shares of Netflix in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.59.

Insiders Place Their Bets

In related news, insider David Hyman sold 5,723 shares of Netflix 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 transaction, the insider owned 316,100 shares of the company’s stock, valued at approximately $23,027,885. This trade represents a 1.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory Peters sold 27,312 shares of Netflix stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $73.54, for a total value of $2,008,524.48. Following the completion of the transaction, the chief executive officer directly owned 120,931 shares in the company, valued at $8,893,265.74. This represents a 18.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 179,045 shares of company stock worth $13,132,194 over the last three months. Company insiders own 1.24% of the company’s stock.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix reported third-quarter EPS of $0.87, ahead of the $0.82 consensus estimate, while revenue reached $12.87 billion. Operating margin rose to 34.6%, supporting the argument that the core streaming business remains highly profitable. Can Netflix Stock Hold Margin Gains as Content Spending Keeps Growing?
• Positive Sentiment: Longer-term bulls argue that Netflix’s profitability, systematic share repurchases, local-language content, and continued subscriber retention could create meaningful upside after the sell-off. Bill Ackman has also returned to the stock and expects annualized returns above 20%. Bill Ackman Lost $400 Million on Netflix
• Positive Sentiment: Ark Invest’s Cathie Wood bought 18,000 Netflix shares, signaling that some growth-oriented investors view the two-year-low valuation as an opportunity. Cathie Wood Just Bought Netflix Stock
• Neutral Sentiment: Netflix is reportedly planning layoffs at its Bay Area headquarters. The cuts could reduce costs, but they also raise questions about operating priorities and employee productivity. Netflix Stock Slips as Layoffs Hit Bay Area Headquarters
• Neutral Sentiment: Paramount Skydance’s completed merger highlights intensifying competition for scale and content across the entertainment industry, potentially increasing pressure on Netflix to sustain its content advantage. Could Skydance Be Bigger Than Disney?
• Negative Sentiment: Management reduced its 2026 advertising-revenue outlook to approximately $2.7 billion from about $3 billion. Softer ad growth undermines a major part of Netflix’s expansion thesis and overshadowed the earnings beat. Netflix Cut Its 2026 Ad Forecast by $300 Million
• Negative Sentiment: Disappointing fourth-quarter revenue guidance and decelerating growth have led investors to discount the strong quarterly results. Netflix’s reduced 2026 free-cash-flow outlook is another concern as content spending continues to rise. Netflix Has Lower FCF Guidance
• Negative Sentiment: Several analysts lowered their price targets or ratings after the report. One fair-value estimate fell from $92.62 to $86.24, while UBS, Guggenheim, and Needham adopted more cautious views. Netflix Stock Fair Value Falls After Cautious Q3 Analyst Revisions
• Negative Sentiment: Reports indicate viewing time is declining even though subscribers are staying, suggesting weaker engagement. YouTube and lower-cost streaming alternatives may also be contributing to slower revenue growth. Netflix Is Losing Viewers

About Netflix

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.