Netflix, Inc. $NFLX Stake Cut by SVB Wealth LLC

SVB Wealth LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 14.3% during the third quarter, HoldingsChannel reports. The firm owned 95,489 shares of the Internet television network’s stock after selling 15,905 shares during the period. SVB Wealth LLC’s holdings in Netflix were worth $6,644,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. BlackRock Inc. bought a new position in shares of Netflix during the second quarter valued at approximately $24,902,221,000. State Street Corp raised its stake in Netflix by 4.9% in 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 buying an additional 8,474,820 shares in the last quarter. Bank of America Corp DE raised its stake in Netflix by 4.3% in 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 buying an additional 2,376,349 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Netflix during the second quarter worth $1,906,482,000. Finally, Legal & General Group Plc purchased a new stake in Netflix during the second quarter worth $1,886,526,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, CEO Theodore Sarandos sold 27,312 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $66.20, for a total value of $1,808,054.40. Following the completion of the transaction, the chief executive officer owned 178,954 shares in the company, valued at $11,846,754.80. This trade represents a 13.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 Netflix stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $66.15, for a total value of $612,085.95. Following the sale, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at approximately $4,881,010.05. This represents 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. Insiders have sold a total of 89,024 shares of company stock worth $5,788,733 over the last three months. Corporate insiders own 1.24% of the company’s stock.

Netflix News Roundup

Here’s some of the latest news about NFLX:

• 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?
• Neutral Sentiment: Following a sharp decline, NFLX trades at under 18 times earnings, which may appeal to value-focused investors; the low multiple also reflects concerns about the company’s growth outlook. Article: Netflix trades under 18x earnings after a steep valuation reset
• 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

Netflix Stock Performance

NFLX opened at $62.69 on Friday. The company has a market cap of $257.43 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 0.94 and a beta of 1.62. Netflix, Inc. has a 52-week low of $61.39 and a 52-week high of $116.73. 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 firm’s 50-day moving average price is $69.59 and its 200-day moving average price is $80.54.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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 business had revenue of $12.87 billion during 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 business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. As a group, equities analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on NFLX. BMO Capital Markets reaffirmed an “outperform” rating and set a $125.00 target price (down from $135.00) on shares of Netflix in a research report on Friday, October 16th. Yorkville Ives assumed coverage on shares of Netflix in a report on Monday, October 5th. They issued an “in-line” rating and a $75.00 target price for the company. Canaccord Genuity Group set a $110.00 price target on shares of Netflix in a research report on Wednesday, October 21st. CLSA started coverage on shares of Netflix in a research report on Monday, July 20th. They set an “outperform” rating for the company. Finally, China Renaissance reduced their price objective on shares of Netflix from $100.00 to $80.00 and set a “hold” rating for the company in a research note on Friday, July 17th. Two research 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. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.14.

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.