Netflix, Inc. $NFLX Stock: Global Assets Advisory LLC Trims Stake

Global Assets Advisory LLC cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 61.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,529 shares of the Internet television network’s stock after selling 11,915 shares during the period. Global Assets Advisory LLC’s holdings in Netflix were worth $504,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new position in Netflix during the 2nd quarter worth $24,902,221,000. State Street Corp grew its holdings in shares of Netflix by 4.9% during the 2nd 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 in the last quarter. Bank of America Corp DE grew its holdings in shares of Netflix by 4.3% during 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 purchasing an additional 2,376,349 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Netflix during the 2nd quarter worth $1,906,482,000. Finally, Legal & General Group Plc bought a new position in shares of Netflix in the second quarter worth $1,886,526,000. 80.93% of the stock is owned by institutional investors.

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

Insider Buying and Selling at Netflix

In related news, CFO Spencer Neumann sold 9,248 shares of the firm’s 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 completion of the transaction, the chief financial officer owned 73,787 shares in the company, valued at $5,592,316.73. This trade represents a 11.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bradford L. Smith sold 17,980 shares of Netflix stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $64.03, for a total transaction of $1,151,259.40. Following the sale, the director owned 79,690 shares in the company, valued at approximately $5,102,550.70. This represents a 18.41% 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 91,175 shares of company stock worth $6,553,228 over the last 90 days. 1.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Jefferies Financial Group set a $85.00 price target on Netflix and gave the company a “buy” rating in a research note on Thursday, October 15th. Sanford C. Bernstein reiterated an “outperform” rating and set a $80.00 price objective (down from $95.00) on shares of Netflix in a research note on Wednesday, October 21st. CLSA initiated coverage on shares of Netflix in a report on Monday, July 20th. They issued an “outperform” rating on the stock. TD Cowen restated a “buy” rating and issued a $100.00 target price on shares of Netflix in a research report on Wednesday, October 21st. Finally, China Renaissance dropped their target price on shares of Netflix from $100.00 to $80.00 and set a “hold” rating for the company in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.14.

Netflix Stock Performance

NASDAQ:NFLX opened at $62.08 on Monday. The stock’s 50-day simple moving average is $72.67 and its 200 day simple moving average is $81.57. The firm has a market capitalization of $254.92 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 0.91 and a beta of 1.62. The company has a quick ratio of 1.07, a current 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.

Netflix (NASDAQ:NFLX) last issued its 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 firm had revenue of $12.87 billion during the quarter, compared to the consensus estimate of $12.87 billion. Netflix had a return on equity of 42.69% and a net margin of 29.69%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 earnings per share. On average, analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

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.