Netflix, Inc. $NFLX Stock: Keybank National Association OH Boosts Position

Keybank National Association OH raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 21.0% during the third quarter, Holdings Channel reports. The fund owned 83,289 shares of the Internet television network’s stock after buying an additional 14,430 shares during the period. Keybank National Association OH’s holdings in Netflix were worth $5,795,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd purchased a new position in Netflix in the second quarter valued at approximately $26,000. Pathway Financial Advisers LLC purchased a new stake in Netflix in the third quarter worth $26,000. Sawyer & Company Inc purchased a new stake in Netflix in the third quarter worth $27,000. Compound Global Advisors LLC purchased a new stake in Netflix in the second quarter worth $29,000. Finally, Burnham & Co LLC bought a new stake in shares of Netflix in the second quarter valued at $29,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent research reports. Wolfe Research cut Netflix from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 22nd. Citigroup reiterated a “buy” rating and set a $85.00 price target (down from $100.00) on shares of Netflix in a research note on Wednesday, October 21st. Oppenheimer reissued an “outperform” rating and issued a $80.00 price objective (down from $85.00) on shares of Netflix in a report on Wednesday, October 21st. Stephens assumed coverage on Netflix in a research note on Friday, July 17th. They issued an “overweight” rating on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Netflix from $85.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.14.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $62.69 on Friday. The company has a 50 day moving average of $69.59 and a 200 day moving average of $80.54. The stock has a market cap of $257.43 billion, a P/E ratio of 18.12, a P/E/G ratio of 0.94 and a beta of 1.62. Netflix, Inc. has a 12 month low of $61.39 and a 12 month high of $116.73. 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 (NASDAQ:NFLX) last posted its earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share 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 business had revenue of $12.87 billion for the quarter, compared to analyst estimates of $12.87 billion. During the same quarter in the prior year, the firm posted $0.59 EPS. Netflix’s revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts forecast that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Key Headlines Impacting Netflix

These are some of the NFLX headlines that stood out recently:

• Positive Sentiment: Netflix’s strong cash generation and a packed holiday release schedule could support growth. The company expects about $12 billion in free cash flow for 2026, although the outlook is being tested by higher content spending. Article: Will Content Capex Weigh on Netflix’s Free Cash Flow Trajectory?
• Negative Sentiment: Investors remain concerned about slowing engagement, YouTube competition and rising content costs. Coverage says these pressures have eroded confidence and contributed to Netflix shares losing ground from their 2025 peak. Article: Netflix Wipes Out Five Years of Gains
• Negative Sentiment: Co-CEO Gregory Peters sold 27,312 shares for about $1.74 million, reducing his direct holdings by 18.6%. The sale may add to near-term investor caution, though the report does not state the reason for the transaction. Article: Netflix CEO Gregory Peters Sells 27,312 Shares of Stock

Insider Activity

In other news, insider David Hyman sold 5,727 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $64.55, for a total transaction of $369,677.85. Following the completion of the transaction, the insider directly owned 166,100 shares in the company, valued at $10,721,755. The trade was a 3.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Neumann sold 9,253 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $66.15, for a total transaction of $612,085.95. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $4,881,010.05. The trade was a 11.14% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 89,024 shares of company stock worth $5,788,733. Company insiders own 1.24% of the company’s stock.

About Netflix

Netflix, Inc. is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand. Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.