Nelson Capital Management LLC Sells 15,969 Shares of Netflix, Inc. $NFLX

Nelson Capital Management LLC decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 62.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,611 shares of the Internet television network’s stock after selling 15,969 shares during the quarter. Nelson Capital Management LLC’s holdings in Netflix were worth $669,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NFLX. Nykredit A S purchased a new stake in shares of Netflix in the 2nd quarter valued at $105,697,000. Rockland Trust Co. increased its stake in shares of Netflix by 27.5% in the third quarter. Rockland Trust Co. now owns 219,221 shares of the Internet television network’s stock worth $15,253,000 after acquiring an additional 47,339 shares during the period. Boomfish Wealth Group LLC increased its stake in shares of Netflix by 91.5% in the third quarter. Boomfish Wealth Group LLC now owns 34,547 shares of the Internet television network’s stock worth $2,404,000 after acquiring an additional 16,510 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Netflix in the second quarter worth $37,743,000. Finally, Sarasin & Partners LLP raised its holdings in shares of Netflix by 10.5% during the second quarter. Sarasin & Partners LLP now owns 2,736,198 shares of the Internet television network’s stock worth $195,365,000 after purchasing an additional 259,794 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NFLX. TD Cowen restated a “buy” rating and set a $100.00 target price on shares of Netflix in a research report on Wednesday, October 21st. William Blair reaffirmed an “outperform” rating on shares of Netflix in a report on Wednesday, October 21st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $125.00 price target (down from $135.00) on shares of Netflix in a report on Friday, October 16th. Argus set a $95.00 price target on Netflix and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Finally, Huber Research lowered Netflix from a “buy” rating to an “underweight” rating in a research note on Tuesday, October 13th. Two investment 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 given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $89.14.

Recent Netflix Headlines

Here are a few of the latest headlines about NFLX:

• Positive Sentiment: Billionaire investor Bill Ackman reiterated his bullish view and called Netflix undervalued, offering a high-profile vote of confidence. Billionaire investor Bill Ackman on why he’s staying bullish on Netflix
• Negative Sentiment: Recent reports cite slowing engagement, YouTube competition, a costly content strategy, a scrapped Warner Bros. deal, and a stalled ad push. One article says the stock has fallen 53% from its June 2025 peak, reflecting damaged investor confidence. Netflix Wipes Out Five Years of Gains
• Negative Sentiment: Rising content spending is testing Netflix’s free-cash-flow outlook, even though the company is generating cash and has a busy holiday slate. Will Content Capex Weigh on Netflix’s Free Cash Flow Trajectory?

Netflix Stock Performance

Shares of NASDAQ:NFLX traded down $0.54 during trading on Friday, hitting $62.15. 36,558,372 shares of the stock traded hands, compared to its average volume of 46,146,632. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average price of $69.18 and a two-hundred day moving average price of $80.42. Netflix, Inc. has a 52-week low of $61.39 and a 52-week high of $115.25. The company has a market cap of $255.21 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 0.92 and a beta of 1.62.

Netflix (NASDAQ:NFLX) last announced its quarterly 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. The firm had revenue of $12.87 billion for the quarter, compared to the consensus estimate of $12.87 billion. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 earnings per share. As a group, equities analysts predict that Netflix, Inc. will post 3.59 EPS for the current year.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 5,727 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $64.55, for a total transaction of $369,677.85. Following the sale, the insider directly owned 166,100 shares in the company, valued at $10,721,755. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Bradford L. Smith sold 17,980 shares of the firm’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $64.03, for a total value of $1,151,259.40. Following the sale, the director owned 79,690 shares in the company, valued at $5,102,550.70. This trade 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. In the last 90 days, insiders have sold 89,024 shares of company stock valued at $5,788,733. 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.