Netflix, Inc. $NFLX Shares Bought by Wedmont Private Capital

Wedmont Private Capital raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,842 shares of the Internet television network’s stock after purchasing an additional 9,979 shares during the period. Wedmont Private Capital’s holdings in Netflix were worth $8,362,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cornerstone Financial Management LLC acquired a new position in shares of Netflix during the 4th quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Netflix in the 2nd quarter worth about $26,000. Compound Global Advisors LLC purchased a new stake in Netflix during the 2nd quarter worth approximately $29,000. Burnham & Co LLC purchased a new stake in Netflix during the 2nd quarter worth approximately $29,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of Netflix during the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Morgan Stanley maintained an Overweight rating while trimming its price target from $83 to $80, implying meaningful upside from recent levels. Other commentary argues Netflix is undervalued based on its long-term cash-generation potential. Morgan Stanley price target
• Positive Sentiment: Some investors remain bullish near the stock’s 52-week low, citing Netflix’s decade of content-production expertise, healthy margins, buybacks and potential growth from advertising, live programming and other newer formats. The company is scheduled to report third-quarter results on October 20. Why investors are buying Netflix
• Positive Sentiment: Netflix is paying approximately $200 million for U.S. rights to the 2027 Women’s World Cup, expanding its live-sports presence and potentially supporting engagement, advertising and subscriber growth. The investment also raises questions about content economics. Netflix Women’s World Cup rights
• Neutral Sentiment: Netflix released a trailer for The Altruists, an eight-episode fictionalized series about the FTX collapse. The November 19 release could attract attention, but its commercial impact is uncertain. Netflix FTX series trailer
• Negative Sentiment: Netflix reportedly plans to eliminate about 5% of its global workforce as early as next week. The cuts could be the company’s largest since 2022 and signal pressure to control operating costs as competition from YouTube and other streaming platforms increases. Netflix workforce reductions
• Negative Sentiment: Bearish commentary highlights decelerating revenue growth, rising content expenses and potentially weaker viewer engagement. Netflix’s second-quarter revenue grew 13.4%, while management expects third-quarter growth to slow to approximately 11.7%, increasing scrutiny ahead of earnings. Netflix growth and cost concerns
• Negative Sentiment: Solana co-founder Anatoly Yakovenko criticized Netflix’s FTX drama, potentially creating reputational and audience backlash, though the effect on the company’s financial results is likely limited. Criticism of Netflix FTX series

Netflix Trading Down 1.7%

NASDAQ NFLX traded down $1.24 on Friday, reaching $70.33. 14,195,489 shares of the company were exchanged, compared to its average volume of 42,368,336. The business’s fifty day moving average price is $75.48 and its 200 day moving average price is $81.49. The stock has a market capitalization of $292.86 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 0.98 and a beta of 1.62. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a fifty-two week low of $65.08 and a fifty-two week high of $124.86.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. During the same period last year, the company earned $0.72 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NFLX. KeyCorp reaffirmed an “overweight” rating and issued a $92.00 price target (down from $115.00) on shares of Netflix in a research note on Monday, July 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $90.00 price objective on shares of Netflix in a research note on Tuesday. Wells Fargo & Company lowered Netflix from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $80.00 to $57.00 in a report on Friday, September 18th. Seaport Research Partners cut shares of Netflix from a “buy” rating to a “neutral” rating in a research note on Monday, July 20th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $95.00 target price (up from $84.00) on shares of Netflix in a report on Tuesday, August 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $94.70.

Insider Activity

In related news, Director Richard Barton sold 720 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $75.27, for a total transaction of $54,194.40. Following the completion of the sale, the director directly owned 2,460 shares in the company, valued at approximately $185,164.20. This trade represents a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 transaction of $2,008,524.48. Following the transaction, the chief executive officer directly owned 120,931 shares in the company, valued at $8,893,265.74. This trade represents a 18.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 179,045 shares of company stock valued at $13,132,194 in the last quarter. Insiders own 1.24% of the company’s stock.

About Netflix

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.