Mackenzie Financial Corp Has $218.78 Million Position in Netflix, Inc. $NFLX

Mackenzie Financial Corp lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 24.8% during the third quarter, HoldingsChannel.com reports. The firm owned 182,480 shares of the Internet television network’s stock after selling 60,260 shares during the period. Mackenzie Financial Corp’s holdings in Netflix were worth $218,779,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NFLX. Retirement Wealth Solutions LLC bought a new stake in Netflix during the 3rd quarter worth approximately $28,000. Steph & Co. grew its holdings in shares of Netflix by 188.9% in the 3rd quarter. Steph & Co. now owns 26 shares of the Internet television network’s stock valued at $31,000 after acquiring an additional 17 shares in the last quarter. Bare Financial Services Inc increased its position in shares of Netflix by 93.3% during the 3rd quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 14 shares during the last quarter. Horizon Financial Services LLC increased its holdings in Netflix by 480.0% during the third quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network’s stock worth $35,000 after buying an additional 24 shares during the last quarter. Finally, Redmont Wealth Advisors LLC bought a new stake in Netflix in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 57,260 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $95.50, for a total value of $5,468,330.00. Following the completion of the transaction, the chief financial officer owned 73,787 shares in the company, valued at $7,046,658.50. This trade represents a 43.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bradford L. Smith sold 31,790 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $88.86, for a total value of $2,824,859.40. Following the completion of the sale, the director directly owned 79,690 shares in the company, valued at approximately $7,081,253.40. This represents a 28.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,520,133 shares of company stock worth $137,259,786 over the last three months. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Performance

Shares of NFLX opened at $96.94 on Wednesday. The firm has a market cap of $409.30 billion, a PE ratio of 38.36, a PEG ratio of 1.51 and a beta of 1.68. Netflix, Inc. has a 1 year low of $75.01 and a 1 year high of $134.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.19 and a quick ratio of 1.19. The stock’s fifty day moving average price is $86.45 and its two-hundred day moving average price is $103.22.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Netflix had a net margin of 24.30% and a return on equity of 43.26%. The firm had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $11.97 billion. During the same period in the prior year, the firm posted $0.43 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix signaling a return to its core plan after walking away from the Warner Bros. acquisition has been framed as a positive — it removes the risk of heavy debt and regulatory distraction, restoring the company’s growth-focused narrative. Free of Warner Bros., Netflix Is a Growth Stock Once Again
• Positive Sentiment: Top analysts resumed coverage and praised management for returning to “Plan A,” which supports investor confidence in execution and strategy. Top Analyst Applauds Netflix for Returning to ‘Plan A’
• Positive Sentiment: CFRA upgraded Netflix (coverage update) and CNBC guests included Netflix as a buy idea, signaling pockets of bullish conviction among some market participants. CNBC ‘Final Trades’ Picks
• Neutral Sentiment: Consensus analyst stance remains constructive: a “Moderate Buy” consensus and a wide set of recent ratings (32 in the Benzinga deep-dive) mean views are varied — upside potential exists but expectations are already elevated. Deep Dive Into Netflix Stock: Analyst Perspectives (32 Ratings)
• Neutral Sentiment: Wells Fargo resumed coverage with an Equal Weight rating and a $105 target, reflecting cautious optimism but limited near-term upside from current levels. Wells Fargo Coverage Note
• Neutral Sentiment: Public filings show notable bond purchases by high-profile figures during the bidding period, a market-interest data point but not directly valuation-driving for equity. Trump Bond Purchases
• Negative Sentiment: Bank of America cut its price target to $125 (from $149), which may weigh on sentiment and implies less upside from current levels. BofA Cuts PT on Netflix to $125
• Negative Sentiment: Co‑founder Reed Hastings sold about $40 million of stock, an insider sale that can spook some investors even if management says the sale is routine. Reed Hastings Stock Sale
• Negative Sentiment: Multiple pieces caution that Netflix’s valuation already prices strong growth, and analysts warn of risks that could stall momentum — these narratives can pressure the stock if execution or subscriber growth slows. Forbes: Risks Stalling Momentum

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Guggenheim reduced their target price on shares of Netflix from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, January 21st. Huber Research raised shares of Netflix from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 27th. Rosenblatt Securities raised their price objective on shares of Netflix from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, February 27th. Morgan Stanley set a $110.00 price objective on shares of Netflix and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Finally, Rothschild & Co Redburn set a $120.00 price objective on shares of Netflix in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $114.67.

Netflix Profile

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.