Netflix, Inc. $NFLX Stock: PFS Partners LLC Increases Holdings

PFS Partners LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1,265.8% in the 3rd quarter, Holdings Channel reports. The fund owned 10,790 shares of the Internet television network’s stock after acquiring an additional 10,000 shares during the period. PFS Partners LLC’s holdings in Netflix were worth $751,000 as of its most recent SEC filing.

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

More Netflix News

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

Analyst Ratings Changes

NFLX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on Netflix from $85.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday. Guggenheim decreased their price target on shares of Netflix from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday. Seaport Research Partners set a $85.00 price target on shares of Netflix in a research report on Wednesday. Citizens Jmp restated a “market perform” rating on shares of Netflix in a research note on Wednesday. Finally, Itau BBA Securities cut their price target on shares of Netflix from $151.40 to $96.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.94.

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 105,850 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $73.03, for a total value of $7,730,225.50. Following the completion of the transaction, the chief executive officer owned 206,266 shares in the company, valued at $15,063,605.98. This represents a 33.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory K. Peters sold 27,312 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the completion of the transaction, the chief executive officer owned 120,931 shares of the company’s stock, valued at $8,893,265.74. This represents a 18.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 179,045 shares of company stock worth $13,132,194 in the last ninety days. 1.24% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

Shares of 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 company has a market cap of $270.82 billion, a price-to-earnings 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. The firm has a fifty day moving average of $74.74 and a 200-day moving average of $79.96.

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

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.