Netflix, Inc. $NFLX Stock Bought by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 44.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,242 shares of the Internet television network’s stock after purchasing an additional 9,660 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Netflix were worth $2,174,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Netflix during the 2nd quarter worth about $24,902,221,000. Invesco Ltd. raised its holdings in Netflix by 835.9% in the 4th quarter. Invesco Ltd. now owns 43,462,696 shares of the Internet television network’s stock valued at $4,075,062,000 after buying an additional 38,818,947 shares during the period. Bank of New York Mellon Corp purchased a new stake in Netflix in the 2nd quarter valued at about $1,906,482,000. Legal & General Group Plc acquired a new position in Netflix in the second quarter valued at about $1,886,526,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Netflix in the second quarter valued at about $1,481,303,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 5,723 shares of Netflix stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total value of $416,920.55. Following the completion of the transaction, the insider owned 316,100 shares in the company, valued at approximately $23,027,885. The trade was a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard N. Barton sold 720 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was 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 approximately $185,164.20. The trade was a 22.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 179,045 shares of company stock valued at $13,132,194. Corporate insiders own 1.24% of the company’s stock.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Jefferies initiated coverage with a Buy rating and an $85 price target, implying substantial upside from recent levels. The call may be supporting shares ahead of earnings. Netflix stock gets bullish analyst call ahead of next week’s earnings
• Positive Sentiment: Netflix secured exclusive rights to broadcast the 2030 FIFA World Cup in Spain and Andorra, giving the platform a high-profile opportunity to attract viewers and support engagement. Netflix lands 2030 World Cup rights
• Positive Sentiment: The planned workforce reduction could improve efficiency and margins. Management said Netflix remains on track to meet its full-year forecast, while investors may view the restructuring as a way to redirect resources toward content and product initiatives. Netflix to cut 6% of staff
• Neutral Sentiment: Netflix reports third-quarter results on Oct. 20. Investors will focus on subscriber trends, viewing time, free cash flow, content spending and guidance. The stock’s valuation—roughly 22 times earnings—leaves the report as an important near-term catalyst.
• Negative Sentiment: Netflix is eliminating roughly 1,000 jobs, or 6% of its global workforce, its largest reduction since 2022. While potentially margin-positive, the scale of the cuts signals management is responding to slower growth and intensifying competition. Netflix is laying off roughly 6% of its workforce
• Negative Sentiment: App data reportedly showed U.S. churn rising 16.6%, alongside declining viewing time and weaker engagement. These indicators raise concerns that cancellations and competition from YouTube and other services could pressure subscriber growth. Netflix U.S. app churn jumps
• Negative Sentiment: Analyst caution remains a headwind: KeyCorp lowered its price target to $85, Erste cut earnings estimates, and Huber Research downgraded NFLX to Sell. Rising content costs and concerns about transparency are adding pressure ahead of earnings.

Netflix Price Performance

NFLX opened at $70.57 on Thursday. The stock’s 50-day moving average price is $75.27 and its 200 day moving average price is $80.87. Netflix, Inc. has a 12-month low of $65.08 and a 12-month high of $124.86. The firm has a market cap of $293.85 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 0.99 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 (NASDAQ:NFLX) last released its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%. Netflix’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current year.

Analysts Set New Price Targets

NFLX has been the subject of several research analyst reports. HSBC lowered shares of Netflix from a “buy” rating to a “hold” rating and lowered their target price for the stock from $96.00 to $76.00 in a research note on Tuesday, September 22nd. Jefferies Financial Group set a $85.00 price target on shares of Netflix in a research note on Thursday. Stephens initiated coverage on shares of Netflix in a report on Friday, July 17th. They issued an “overweight” rating on the stock. Barclays set a $70.00 price objective on shares of Netflix and gave the stock an “equal weight” rating in a report on Wednesday, October 7th. Finally, Rosenblatt Securities set a $75.00 price objective on shares of Netflix and gave the stock a “neutral” rating in a research report on Friday, July 17th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $94.41.

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.