Provenance Wealth Advisors LLC Buys 36,314 Shares of Netflix, Inc. $NFLX

Provenance Wealth Advisors LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 1,074.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,694 shares of the Internet television network’s stock after buying an additional 36,314 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in Netflix were worth $2,762,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ackerman Capital Advisors LLC raised its position in Netflix by 2.4% in the 3rd quarter. Ackerman Capital Advisors LLC now owns 8,060 shares of the Internet television network’s stock worth $561,000 after purchasing an additional 190 shares during the period. Associated Banc Corp purchased a new position in shares of Netflix during the third quarter valued at approximately $29,893,000. Integrity Advisory Solutions LLC boosted its position in shares of Netflix by 47.4% during the third quarter. Integrity Advisory Solutions LLC now owns 10,423 shares of the Internet television network’s stock valued at $725,000 after buying an additional 3,354 shares during the period. First Nebraska Trust Co purchased a new position in shares of Netflix during the third quarter valued at approximately $3,638,000. Finally, Evergreen Private Wealth LLC grew its stake in shares of Netflix by 9.7% during the third quarter. Evergreen Private Wealth LLC now owns 79,250 shares of the Internet television network’s stock valued at $5,514,000 after buying an additional 7,006 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

Shares of NFLX stock opened at $63.42 on Wednesday. The company has a market capitalization of $260.42 billion, a P/E ratio of 18.33, a P/E/G ratio of 0.91 and a beta of 1.62. The company’s 50-day simple moving average is $72.00 and its two-hundred day simple moving average is $81.31. Netflix, Inc. has a one year low of $61.39 and a one year high of $116.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.07 and a quick ratio of 1.07.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.05. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The firm had revenue of $12.87 billion during the quarter, compared to the consensus estimate of $12.87 billion. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. As a group, equities analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current year.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is rolling out an “AI Discover” tab, beginning with recommendations based on users’ moods. Better content discovery could encourage more viewing and support the company’s advertising ambitions. Article: Netflix’s new AI Discover tab helps you find something to watch based on your mood
• Positive Sentiment: Netflix hired former Google executive Darshan Kantak to lead its ads platform, a move that may strengthen its push to grow advertising revenue. Article: Netflix hires Darshan Kantak to lead ads platform
• Neutral Sentiment: Some commentary argues Netflix’s valuation is comparatively low and that continued revenue growth could offer long-term upside. These are investor opinions, not new company guidance or confirmed catalysts. Article: Netflix Trades at a Discount to the S&P 500’s Valuation. Is It Deserved?
• Negative Sentiment: Netflix trimmed its 2026 advertising-revenue forecast to about $2.7 billion and flagged softer engagement. The concerns may weigh on expectations for ad growth, even as the company forecasts a 31.5% full-year operating margin. Article: How Investors May Respond To Netflix Lower Ad Revenue Guidance
• Negative Sentiment: Reports say Netflix is cutting roughly 2%–3% of staff at its London hub, following a broader plan to eliminate about 1,000 roles. The restructuring adds to uncertainty about the company’s operations and growth outlook. Article: Netflix cuts UK staff and parts with production head Anna Mallett, report says

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NFLX shares. Loop Capital reduced their price target on Netflix from $115.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft set a $93.00 price target on Netflix in a research note on Wednesday, October 21st. Evercore restated an “outperform” rating and set a $90.00 price objective on shares of Netflix in a report on Wednesday, October 21st. Needham & Company LLC downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Wednesday, October 21st. Finally, Phillip Securities downgraded Netflix from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $89.14.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory Peters sold 27,312 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the transaction, the chief executive officer directly owned 120,931 shares in the company, valued at $8,893,265.74. This trade represents a 18.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard Barton sold 720 shares of Netflix stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $75.27, for a total value of $54,194.40. Following the sale, the director directly owned 2,460 shares of the company’s stock, valued at approximately $185,164.20. This trade represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 55,980 shares of company stock worth $3,970,756 in the last ninety days. 1.24% of the stock is 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.