Vise Technologies Inc. boosted its holdings in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 22.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 249,547 shares of the Internet television network’s stock after acquiring an additional 45,033 shares during the quarter. Vise Technologies Inc.’s holdings in Netflix were worth $17,363,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Netflix in the second quarter valued at about $24,902,221,000. State Street Corp raised its stake in Netflix by 4.9% during 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 buying an additional 8,474,820 shares during the last quarter. Bank of America Corp DE increased its stake in Netflix by 4.3% in the 1st quarter. Bank of America Corp DE now owns 57,942,812 shares of the Internet television network’s stock worth $5,571,201,000 after buying an additional 2,376,349 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Netflix in the 2nd quarter valued at $1,906,482,000. Finally, Legal & General Group Plc purchased a new position in shares of Netflix during the 2nd quarter worth $1,886,526,000. Institutional investors and hedge funds own 80.93% of the company’s stock.
Netflix Trading Up 0.0%
Shares of NASDAQ:NFLX opened at $62.08 on Friday. The firm has a market cap of $254.92 billion, a P/E ratio of 17.94, a P/E/G ratio of 0.91 and a beta of 1.62. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a twelve month low of $61.39 and a twelve month high of $116.73. The company has a 50 day moving average of $72.67 and a 200-day moving average of $81.57.
Netflix (NASDAQ:NFLX – Get Free Report) last announced its earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The company had revenue of $12.87 billion for the quarter, compared to analyst estimates of $12.87 billion. During the same period in the prior year, the business earned $0.59 earnings per share. Netflix’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, analysts anticipate that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
NFLX has been the subject of several recent research reports. Robert W. Baird set a $90.00 price target on Netflix and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Evercore reissued an “outperform” rating and set a $90.00 price target on shares of Netflix in a research report on Wednesday, October 21st. Argus set a $95.00 target price on shares of Netflix and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Rosenblatt Securities set a $71.00 target price on Netflix and gave the company a “neutral” rating in a research note on Wednesday, October 21st. Finally, Citigroup reaffirmed a “buy” rating and issued a $85.00 price target (down from $100.00) on shares of Netflix in a research note on Wednesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.14.
Read Our Latest Stock Report on NFLX
Insider Buying and Selling at Netflix
In other news, Director Bradford Smith sold 17,980 shares of Netflix stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $64.03, for a total value of $1,151,259.40. Following the completion of the transaction, the director owned 79,690 shares of the company’s stock, valued at $5,102,550.70. The trade was a 18.41% decrease in their position. The transaction was disclosed in a document filed 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 the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $75.79, for a total value of $700,905.92. Following the transaction, the chief financial officer owned 73,787 shares of the company’s stock, valued at $5,592,316.73. This represents a 11.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 197,025 shares of company stock worth $14,283,453 over the last three months. 1.24% of the stock is owned by corporate insiders.
Key Netflix News
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Netflix repurchased approximately $4.8 billion of stock in the third quarter, signaling that management views the shares as undervalued. The company’s scale, strong margins and ability to spread content costs across a large subscriber base also support the bullish case. Netflix Spent $4.8 Billion Buying Back Stock in 1 Quarter
- Positive Sentiment: Netflix’s latest quarterly earnings exceeded expectations, with earnings per share of $0.87 versus an $0.82 consensus estimate. Revenue rose 11.9% year over year and the company reported a 29.69% net margin, highlighting continued financial strength.
- Neutral Sentiment: Analyst comparisons with Amazon and Walt Disney acknowledge Netflix’s valuable entertainment position, but suggest Amazon’s diversified ecosystem, Prime Video reach and advertising tools—or Disney’s broader media assets—may offer greater upside. Amazon vs. Netflix: Which Stock Is the Better Entertainment Play?
- Neutral Sentiment: Netflix is experimenting with live events and other ways to capture viewers’ attention, while reportedly walking away from an Xbox licensing deal. These strategic moves could create new growth opportunities, but their financial impact remains uncertain. The Battle That May Matter Most for Netflix Stock
- Negative Sentiment: Revenue growth has slowed for three consecutive quarters, and investors remain concerned about disappointing guidance. Reuters reports that the stock has lost about one-third of its value this year as the market reassesses Netflix’s growth outlook. Mapping the Market: More losses in store for Netflix shares?
- Negative Sentiment: Competition for living-room viewing and advertising is intensifying. YouTube’s television advertising business reportedly generated more in one quarter than Netflix’s full-year advertising forecast, raising concerns about Netflix’s ability to scale its newer ad-supported business. YouTube’s Living-Room Business
- Negative Sentiment: Reports that members are watching less, along with criticism that Netflix’s content-discovery experience is weakening its historical selling point, are fueling worries about engagement, retention and future subscriber growth. Insider selling has added another negative signal. Netflix Can’t Lift, Jim Cramer Says
Netflix 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.
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