Netflix, Inc. $NFLX Position Increased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 621,119 shares of the Internet television network’s stock after buying an additional 7,736 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Netflix were worth $43,217,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Netflix in the second quarter valued at approximately $24,902,221,000. State Street Corp raised its stake in shares of Netflix by 4.9% during the second quarter. State Street Corp now owns 180,129,582 shares of the Internet television network’s stock worth $12,861,252,000 after purchasing an additional 8,474,820 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Netflix by 4.3% during the first 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 purchasing an additional 2,376,349 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Netflix during the second quarter worth $1,906,482,000. Finally, Legal & General Group Plc acquired a new stake in shares of Netflix during the second quarter worth $1,886,526,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix’s advertising business provides a potential growth offset. The company is targeting approximately $3 billion in 2026 advertising revenue, while upfront commitments have nearly doubled. Jefferies also initiated coverage with a Buy rating and an $85 price target, citing advertising, pricing and live sports as growth drivers. Can Ad-Supported Streaming Momentum Boost Netflix’s Q3 Results?
• Positive Sentiment: Wall Street expects third-quarter revenue of about $12.87 billion and earnings of approximately $0.82 per share, with some analysts remaining bullish despite recent price-target reductions. A new content deal with Brazil’s Globo also expands Netflix’s international programming pipeline. Netflix Gears Up for Q3 Earnings
• Neutral Sentiment: Netflix reports after the close, making earnings, subscriber and viewing trends, advertising monetization, content spending and forward guidance the immediate catalysts. The report could either validate the recent rebound or extend the stock’s decline after five consecutive post-earnings drops. Netflix Q3 Earnings Are Today
• Negative Sentiment: Investors are concerned that viewer engagement has weakened and that Netflix has struggled to produce compelling original programming. The company’s roughly 1,000 layoffs—about 6% of its workforce—plus the departures of film chief Dan Lin and Chief Content Officer Bela Bajaria signal a broad restructuring and raise questions about execution. Netflix Faces Questions on User Engagement
• Negative Sentiment: Broader technology weakness tied to renewed concerns about artificial-intelligence spending is weighing on the market backdrop. Separately, a potential HBO-Paramount/Skydance combination could create a stronger competitor, adding pressure to Netflix’s long-term growth outlook. Could Skydance Pose a Big Threat to Netflix’s Future Growth?

Insider Buying and Selling at Netflix

In other news, insider David Hyman sold 5,723 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total value of $416,920.55. Following the completion of the transaction, the insider owned 316,100 shares in the company, valued at $23,027,885. This trade represents a 1.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory Peters sold 27,312 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the completion of the sale, the chief executive officer owned 120,931 shares of the company’s stock, valued at $8,893,265.74. This trade represents a 18.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 179,045 shares of company stock worth $13,132,194. Company insiders own 1.24% of the company’s stock.

Netflix Trading Down 1.0%

NASDAQ:NFLX opened at $69.85 on Tuesday. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $124.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a fifty day moving average price of $75.04 and a two-hundred day moving average price of $80.38. The stock has a market capitalization of $290.85 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 1.00 and a beta of 1.62.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NFLX. New Street Research upped their price objective on shares of Netflix from $96.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Yorkville Ives started coverage on shares of Netflix in a research note on Monday, October 5th. They issued an “in-line” rating and a $75.00 target price for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $85.00 target price (down from $115.00) on shares of Netflix in a report on Friday, July 17th. Wolfe Research reaffirmed an “outperform” rating and issued a $95.00 target price (up from $84.00) on shares of Netflix in a report on Tuesday, August 25th. Finally, 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. Three analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $93.38.

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.