Netflix, Inc. $NFLX Shares Sold by Talbot Financial LLC

Talbot Financial LLC cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 178,884 shares of the Internet television network’s stock after selling 11,649 shares during the quarter. Talbot Financial LLC’s holdings in Netflix were worth $12,447,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Netflix during the second quarter worth about $24,902,221,000. Bank of New York Mellon Corp bought a new stake in Netflix in the second quarter worth about $1,906,482,000. Legal & General Group Plc bought a new stake in Netflix in the second quarter worth about $1,886,526,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Netflix in the 2nd quarter valued at about $1,481,303,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Netflix by 194.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 16,111,438 shares of the Internet television network’s stock valued at $1,121,034,000 after acquiring an additional 10,647,803 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Spencer Neumann sold 9,248 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the sale, the chief financial officer owned 73,787 shares in the company, valued at $5,592,316.73. The trade was a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Hyman sold 5,723 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total transaction of $416,920.55. Following the completion of the sale, 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 SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 179,045 shares of company stock valued at $13,132,194 over the last 90 days. 1.24% of the stock is owned by corporate insiders.

Netflix Trading Down 1.3%

NFLX traded down $0.92 during trading on Monday, reaching $69.61. The company had a trading volume of 16,887,429 shares, compared to its average volume of 42,135,852. The firm’s 50-day simple moving average is $75.17 and its 200 day simple moving average is $80.57. The company has a market cap of $289.85 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.00 and a beta of 1.62. Netflix, Inc. has a 12-month low of $65.08 and a 12-month high of $124.86. 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 posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%. The firm had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. During the same quarter in the previous year, the company earned $0.72 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities research analysts anticipate that Netflix, Inc. will post 3.59 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NFLX. Sanford C. Bernstein began coverage on shares of Netflix in a research report on Monday, September 28th. They set a “buy” rating for the company. Wells Fargo & Company downgraded shares of Netflix from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $80.00 to $57.00 in a report on Friday, September 18th. Weiss Ratings raised shares of Netflix from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Rothschild & Co Redburn reduced their target price on shares of Netflix from $120.00 to $93.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Netflix in a research report on Thursday, August 20th. Three analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.38.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Jefferies initiated coverage with a Buy rating and an $85 price target, citing potential growth from pricing, advertising and live sports. Jefferies Makes a Bold $85 Call on Netflix Stock
• Positive Sentiment: Netflix’s advertising business remains a potential growth catalyst: the company is targeting approximately $3 billion in 2026 ad revenue, while upfront commitments have nearly doubled. Analysts also expect third-quarter revenue and earnings to increase year over year. Can Ad-Supported Streaming Momentum Boost Netflix’s Q3 Results?
• Neutral Sentiment: Options markets imply an approximately 9% move after the earnings release, while analysts remain broadly constructive but have recently lowered several price targets. The report is expected after the closing bell on October 20. Netflix Stock Nears Earnings With $64–$77 Range in Focus
• Negative Sentiment: Netflix plans to eliminate roughly 1,000 jobs, or 6% of its workforce, its largest reduction since 2022. Co-CEO Ted Sarandos has acknowledged that growth was not fast enough, raising concerns about the company’s operating momentum and content spending efficiency. Netflix’s Co-CEO Ted Sarandos Just Gave Investors Bad News Before Earnings
• Negative Sentiment: Viewer engagement reportedly declined 26%, intensifying concerns about slowing demand, subscriber churn and Netflix’s ability to sustain growth without another breakout hit. Netflix Faces Questions on User Engagement Ahead of Third-Quarter Report
• Negative Sentiment: The company fired film chief Dan Lin and replaced chief content officer Bela Bajaria with Peter Rice. The abrupt leadership changes, combined with layoffs and complaints about a lackluster content calendar, suggest internal restructuring rather than accelerating growth. Netflix Fires Its Film Chief amid Internal Restructuring

Netflix Company 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.