Netflix, Inc. $NFLX Position Reduced by Candriam S.C.A.

Candriam S.C.A. decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 14.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 417,515 shares of the Internet television network’s stock after selling 69,049 shares during the quarter. Candriam S.C.A.’s holdings in Netflix were worth $29,157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NFLX. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Netflix during the 2nd quarter valued at about $26,000. Pathway Financial Advisers LLC bought a new position in shares of Netflix in the 3rd quarter worth approximately $26,000. Sawyer & Company Inc bought a new position in shares of Netflix in the 3rd quarter worth approximately $27,000. Compound Global Advisors LLC bought a new position in shares of Netflix in the 2nd quarter worth approximately $29,000. Finally, Burnham & Co LLC purchased a new position in shares of Netflix in the second quarter worth approximately $29,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Jefferies Financial Group set a $85.00 target price on shares of Netflix and gave the company a “buy” rating in a research report on Thursday, October 15th. Wolfe Research downgraded shares of Netflix from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 22nd. Evercore reiterated an “outperform” rating and set a $90.00 price target on shares of Netflix in a research note on Wednesday, October 21st. KeyCorp dropped their price target on shares of Netflix from $92.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.14.

Netflix Price Performance

NFLX stock opened at $63.41 on Monday. Netflix, Inc. has a twelve month low of $61.39 and a twelve month high of $116.73. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.43. The stock has a market cap of $260.38 billion, a P/E ratio of 18.33, a PEG ratio of 0.93 and a beta of 1.62. The business’s 50-day moving average price is $71.03 and its 200-day moving average price is $80.97.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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 company 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 firm’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 3.59 EPS for the current year.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix ordered Other Worlds: A Stranger Things Adventure, a live-action prequel series. Extending a popular franchise could support viewer engagement, though the financial impact and timing are not yet clear. Article: Stranger Things prequel series
• Positive Sentiment: A valuation analysis argues NFLX could be undervalued, estimating about 23% upside to fair value. This offers a counterpoint to recent weakness, but is an analyst view rather than a company announcement. Article: Netflix stock fair-value analysis
• Neutral Sentiment: CEO Ted Sarandos and CFO Spencer Neumann disclosed share sales, but the transactions were made to cover tax withholding on vested equity awards. That stated purpose makes them a less clear signal about management’s view of the stock. Article: Netflix insider share sales
• Negative Sentiment: Coverage noted NFLX slipping even with the new Stranger Things plans, suggesting the content announcement has not eased near-term selling pressure. The shares are also near their 52-week low and far below their 52-week high, reflecting a weak recent trend. Article: Netflix stock slips despite new Stranger Things plans

Insider Buying and Selling at Netflix

In other news, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $66.20, for a total value of $1,808,054.40. Following the completion of the sale, the chief executive officer directly owned 178,954 shares of the company’s stock, valued at $11,846,754.80. This represents a 13.24% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Bradford L. Smith sold 17,980 shares of the stock in a transaction on Monday, October 26th. The stock was sold at an average price of $64.03, for a total transaction of $1,151,259.40. Following the completion of the sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 61,712 shares of company stock valued at $4,051,144. 1.24% of the stock is currently owned by company insiders.

Netflix Company Profile

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.