Curated Wealth Partners LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 92.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,693 shares of the Internet television network’s stock after selling 225,296 shares during the quarter. Curated Wealth Partners LLC’s holdings in Netflix were worth $1,301,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. American Capital Advisory LLC lifted its stake in Netflix by 0.8% in the first quarter. American Capital Advisory LLC now owns 13,990 shares of the Internet television network’s stock valued at $1,345,000 after buying an additional 109 shares in the last quarter. CWS Financial Advisors LLC raised its holdings in Netflix by 3.2% during the first quarter. CWS Financial Advisors LLC now owns 3,612 shares of the Internet television network’s stock worth $347,000 after acquiring an additional 112 shares in the last quarter. Warner Group LLC increased its holdings in Netflix by 2.2% during the first quarter. Warner Group LLC now owns 5,230 shares of the Internet television network’s stock worth $503,000 after buying an additional 114 shares during the last quarter. Financial Avengers Inc. grew its position in shares of Netflix by 9.8% in the 1st quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network’s stock valued at $124,000 after acquiring an additional 115 shares during the period. Finally, PAX Financial Group LLC grew its holdings in Netflix by 2.5% during the first quarter. PAX Financial Group LLC now owns 4,847 shares of the Internet television network’s stock worth $466,000 after purchasing an additional 116 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.
Netflix News Roundup
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Jefferies initiated coverage of Netflix (NFLX) with a Buy rating and an $85 price target, implying meaningful upside from recent levels. The analyst’s endorsement may be supporting the 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. The deal could increase viewing engagement, strengthen the company’s sports offering and support subscriber retention, although its financial impact is not yet clear. Netflix lands 2030 World Cup rights
- Neutral Sentiment: Wall Street is focusing on projections for revenue, earnings and key operating metrics for the September 2026 quarter. The estimates raise the risk of a volatile reaction when Netflix reports, particularly if management provides weaker engagement or guidance. Netflix Q3 earnings estimates
- Negative Sentiment: Netflix plans to eliminate roughly 1,000 jobs, or 6% of its workforce, its largest reduction since 2022. Management says the cuts will improve discipline and redirect resources, but investors view the move as evidence of slowing growth and intensifying competition. Netflix laying off roughly 6% of its workforce
- Negative Sentiment: Third-party data reportedly showed a 16.6% increase in U.S. app churn, alongside declining viewing time. These trends threaten subscriber retention and engagement just before the earnings report. Netflix U.S. app churn warning
- Negative Sentiment: Analyst sentiment has become mixed to bearish: KeyCorp issued a pessimistic forecast, Erste Group lowered earnings estimates, and Huber Research downgraded the stock to Sell. The concerns center on weaker growth, rising content costs and margin pressure.
Insider Activity at Netflix
In other news, CEO Theodore Sarandos sold 27,312 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total value of $2,003,335.20. Following the completion of the sale, the chief executive officer owned 178,954 shares of the company’s stock, valued at approximately $13,126,275.90. The trade was a 13.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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, Director Richard Barton sold 720 shares of the company’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 transaction, the director 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 179,045 shares of company stock valued at $13,132,194. 1.24% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of brokerages have weighed in on NFLX. UBS Group lowered their price target on Netflix from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, July 17th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Netflix in a research note on Thursday, August 20th. Wolfe Research restated an “outperform” rating and issued a $95.00 price target (up from $84.00) on shares of Netflix in a research note on Tuesday, August 25th. Citigroup reaffirmed a “market perform” rating on shares of Netflix in a report on Thursday. Finally, Wedbush decreased their price target on shares of Netflix from $118.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $94.41.
Read Our Latest Stock Report on Netflix
Netflix Stock Performance
NFLX traded up $2.40 during trading on Thursday, hitting $72.97. The stock had a trading volume of 21,635,430 shares, compared to its average volume of 42,161,707. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The company has a 50 day moving average price of $75.27 and a 200-day moving average price of $80.87. Netflix, Inc. has a one year low of $65.08 and a one year high of $124.86. The firm has a market cap of $303.83 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 0.99 and a beta of 1.62.
Netflix (NASDAQ:NFLX – Get Free Report) last posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, topping the consensus estimate 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 company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 EPS. As a group, research analysts predict that Netflix, Inc. will post 3.59 EPS for the current year.
Netflix 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.
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