Netflix, Inc. $NFLX Stock Purchased by PFS Partners LLC

PFS Partners LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1,265.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,790 shares of the Internet television network’s stock after purchasing an additional 10,000 shares during the quarter. PFS Partners LLC’s holdings in Netflix were worth $751,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new stake in Netflix in the 2nd quarter valued at about $24,902,221,000. State Street Corp increased its stake in shares of 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 acquiring an additional 8,474,820 shares during the last quarter. Bank of America Corp DE increased its stake in shares of 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 acquiring an additional 2,376,349 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Netflix during the 2nd quarter worth about $1,906,482,000. Finally, Legal & General Group Plc acquired a new stake in shares of Netflix in the second quarter worth approximately $1,886,526,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Robert W. Baird set a $90.00 price target on shares of Netflix and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Yorkville Ives started coverage on shares of Netflix in a report on Monday, October 5th. They issued an “in-line” rating and a $75.00 price target on the stock. Morgan Stanley set a $77.00 price objective on shares of Netflix and gave the company an “overweight” rating in a research note on Wednesday. William Blair restated an “outperform” rating on shares of Netflix in a report on Wednesday. Finally, Stephens assumed coverage on Netflix in a report on Friday, July 17th. They set an “overweight” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $89.94.

Netflix News Roundup

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

Netflix Trading Down 5.3%

Shares of NFLX opened at $65.04 on Thursday. Netflix, Inc. has a 12 month low of $64.10 and a 12 month high of $116.73. The stock’s 50-day moving average is $74.74 and its two-hundred day moving average is $79.96. 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 stock has a market cap of $270.82 billion, a PE ratio of 18.80, a P/E/G ratio of 0.97 and a beta of 1.62.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. The business had revenue of $12.87 billion during the quarter, compared to analyst estimates of $12.87 billion. Netflix had a return on equity of 42.69% and a net margin of 29.69%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 earnings per share. Equities analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Insider Activity

In other Netflix news, Director Richard N. Barton sold 2,160 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $75.10, for a total value of $162,216.00. Following the completion of the sale, the director owned 246 shares of the company’s stock, valued at $18,474.60. This trade represents a 89.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Neumann sold 9,248 shares of Netflix stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the sale, the chief financial officer owned 73,787 shares in the company, valued at $5,592,316.73. This represents a 11.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders 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 company insiders.

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.