Sage Private Wealth Group LLC Purchases 12,856 Shares of Netflix, Inc. $NFLX

Sage Private Wealth Group LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 371.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,313 shares of the Internet television network’s stock after purchasing an additional 12,856 shares during the period. Sage Private Wealth Group LLC’s holdings in Netflix were worth $1,135,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Netflix in the 2nd quarter valued at approximately $24,902,221,000. Bank of New York Mellon Corp purchased a new position in shares of Netflix during the 2nd quarter worth approximately $1,906,482,000. Legal & General Group Plc purchased a new position in shares of Netflix during the 2nd quarter worth approximately $1,886,526,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Netflix in the 2nd quarter valued at approximately $1,481,303,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Netflix by 194.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 16,111,438 shares of the Internet television network’s stock valued at $1,121,034,000 after buying an additional 10,647,803 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Spencer Neumann sold 9,248 shares of Netflix stock in a transaction on Monday, August 10th. The stock was sold at an average price of $75.79, for a total transaction of $700,905.92. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at approximately $5,592,316.73. The trade was a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard Barton sold 2,160 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $75.10, for a total value of $162,216.00. Following the sale, the director owned 246 shares in the company, valued at approximately $18,474.60. The trade was a 89.78% 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. Insiders sold a total of 179,045 shares of company stock valued at $13,132,194 in the last 90 days. Insiders own 1.24% of the company’s stock.

Netflix Price Performance

NFLX stock opened at $65.04 on Thursday. The firm has a 50 day moving average of $74.74 and a 200-day moving average of $79.96. Netflix, Inc. has a 12-month low of $64.10 and a 12-month high of $116.73. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. The company has a market cap of $270.82 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 0.97 and a beta of 1.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, topping the consensus estimate of $0.82 by $0.05. The business had revenue of $12.87 billion for 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 quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 EPS. As a group, equities analysts expect that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Netflix News Summary

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

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Piper Sandler restated an “overweight” rating and issued a $78.00 price target (down from $85.00) on shares of Netflix in a research note on Wednesday. HSBC cut Netflix from a “buy” rating to a “hold” rating and cut their price objective for the stock from $96.00 to $76.00 in a research report on Tuesday, September 22nd. KGI Securities downgraded Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 target price for the company. in a report on Friday, July 17th. Yorkville Ives initiated coverage on Netflix in a report on Monday, October 5th. They issued an “in-line” rating and a $75.00 target price for the company. Finally, Bank of America decreased their target price on shares of Netflix from $105.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $89.94.

Netflix Company Profile

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.