Netflix, Inc. $NFLX Stock Purchased by Cohen Capital Management Inc.

Cohen Capital Management Inc. raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 39.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 34,085 shares of the Internet television network’s stock after buying an additional 9,675 shares during the quarter. Cohen Capital Management Inc.’s holdings in Netflix were worth $2,372,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Netflix in the second quarter worth $24,902,221,000. State Street Corp raised its stake in Netflix by 4.9% in the second 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 raised its stake in Netflix by 4.3% in the first 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. Invesco Ltd. raised its stake in Netflix by 835.9% in the fourth quarter. Invesco Ltd. now owns 43,462,696 shares of the Internet television network’s stock valued at $4,075,062,000 after purchasing an additional 38,818,947 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Netflix during the second quarter worth about $1,906,482,000. 80.93% of the stock is currently owned by institutional investors.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix secured exclusive rights to broadcast the 2030 FIFA World Cup in Spain and Andorra. The deal could increase engagement, subscriber retention and advertising opportunities, though its financial impact was not disclosed. Netflix Stock Scores as It Lands 2030 World Cup Rights
• Positive Sentiment: KeyCorp lowered its price target to $85 from $92 but retained an Overweight rating, implying substantial upside from recent trading levels. The firm identified four potential recovery levers, including stronger execution on advertising, content and growth initiatives. KeyBanc Sees Four Ways to Recover
• Neutral Sentiment: Netflix reports third-quarter results on Oct. 20. Wall Street will be watching whether revenue growth can meet guidance of about 12%, whether advertising is scaling and whether free cash flow rebounds after declining in the prior quarter. Netflix Earnings and Free Cash Flow
• Neutral Sentiment: Some investors remain bullish because Netflix continues to post high margins, growing sales and a rising subscriber base. International regions are expanding faster than the U.S. and Canada, but the home market still contributes about 43% of second-quarter revenue and grew only 10%. Netflix Stock Prediction for 2027
• Negative Sentiment: Huber Research issued a rare double downgrade, moving Netflix from Buy to Sell and citing concerns about valuation, weaker viewership and intensifying competition from platforms such as YouTube. Netflix Double Downgraded by Huber Research
• Negative Sentiment: Additional bearish coverage points to content-quality concerns, slowing growth across regions, possible large-scale layoffs and uncertainty over Netflix’s ability to sustain its premium valuation. Erste Group also slightly reduced its 2027 EPS forecast.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of analyst reports. CICC Research reduced their price objective on shares of Netflix from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Oppenheimer set a $85.00 target price on shares of Netflix and gave the company an “outperform” rating in a research report on Friday, July 17th. Phillip Securities upgraded shares of Netflix from a “moderate buy” rating to a “strong-buy” rating and set a $110.00 target price for the company in a research report on Sunday, July 19th. Stephens initiated coverage on shares of Netflix in a report on Friday, July 17th. They set an “overweight” rating for the company. Finally, Evercore reaffirmed an “outperform” rating and set a $110.00 price target (up from $100.00) on shares of Netflix in a report on Monday, September 14th. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $94.53.

Insider Buying and Selling

In other news, CEO Gregory Peters sold 27,312 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $73.54, for a total value of $2,008,524.48. Following the sale, the chief executive officer directly owned 120,931 shares in the company, valued at approximately $8,893,265.74. This trade represents a 18.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard Barton sold 720 shares of Netflix stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $75.27, for a total transaction of $54,194.40. Following the sale, the director directly owned 2,460 shares in the company, valued at $185,164.20. This trade represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 179,045 shares of company stock worth $13,132,194 in the last quarter. Corporate insiders own 1.24% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $70.46 on Wednesday. The stock’s 50-day simple moving average is $75.34 and its 200 day simple moving average is $81.03. The firm has a market capitalization of $293.39 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.00 and a beta of 1.62. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $124.86.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $12.56 billion for the quarter, compared to analysts’ expectations of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 earnings per share. On average, analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Netflix Company Profile

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.