Netflix, Inc. $NFLX Stock Holdings Reduced by Coastline Trust Co

Coastline Trust Co cut its position in Netflix, Inc. (NASDAQ:NFLX) by 13.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,772 shares of the Internet television network’s stock after selling 15,810 shares during the quarter. Coastline Trust Co’s holdings in Netflix were worth $7,290,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. grew its holdings in shares of Netflix by 4.1% during the second quarter. QRG Capital Management Inc. now owns 861,135 shares of the Internet television network’s stock worth $61,485,000 after purchasing an additional 33,742 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Netflix by 7.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 340,601 shares of the Internet television network’s stock valued at $24,312,000 after purchasing an additional 24,446 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Netflix by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,449,012 shares of the Internet television network’s stock worth $389,057,000 after buying an additional 33,933 shares in the last quarter. State Street Corp increased its holdings in shares of Netflix by 4.9% in 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 buying an additional 8,474,820 shares during the last quarter. Finally, Altar Rock LLC increased its holdings in shares of Netflix by 10.6% in the 2nd quarter. Altar Rock LLC now owns 4,343 shares of the Internet television network’s stock worth $310,000 after buying an additional 415 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other Netflix news, CFO Spencer Neumann sold 9,248 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $75.79, for a total transaction of $700,905.92. Following the sale, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $5,592,316.73. This trade represents a 11.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Theodore Sarandos sold 105,850 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $73.03, for a total value of $7,730,225.50. Following the sale, the chief executive officer directly owned 206,266 shares in the company, valued at $15,063,605.98. This trade represents a 33.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 179,045 shares of company stock valued at $13,132,194. 1.24% of the stock is currently owned by insiders.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Deutsche Bank upgraded Netflix to Buy, arguing that investors are undervaluing international engagement, global content production, advertising, and artificial-intelligence initiatives. The bank lowered its price target to $95 and reduced estimates, but said the valuation reset has improved the long-term risk-reward profile. Deutsche Bank Makes a Contrarian Call on Netflix
• Positive Sentiment: Additional potential catalysts include live programming, advertising monetization, pricing, and international growth. Evercore ISI raised its target to $110, citing lower churn intentions and the possibility that major live events—including WWE programming in Japan—can boost sign-ups and engagement. Netflix Co-CEO Says Streaming Giant Is Racing for Faster Growth
• Neutral Sentiment: Co-CEO Ted Sarandos said Netflix is growing more slowly than he would like while highlighting live content and new programming as ways to accelerate expansion. Investors will look for evidence that these initiatives can improve engagement and monetization without distracting from Netflix’s core original content. Netflix Co-CEO Sarandos Says Growth Is Slower Than Desired
• Negative Sentiment: Investors are concerned that Netflix may be losing the battle for viewers’ attention to YouTube and other platforms. Critics point to weaker original-content reception and questions about whether gaming, podcasts, live events, and advertising could dilute the programming that drives engagement. Netflix’s Problem Isn’t Subscribers, It’s Losing the Attention War
• Negative Sentiment: Analyst opinion remains divided ahead of earnings. HSBC has a $76 target and cited YouTube competition, while Wells Fargo set a $57 target and warned that decelerating revenue and limited advertising contribution could pressure the stock. Rising content commitments and heavier upfront spending are also raising concerns about free cash flow. Netflix’s Content Commitments Rise: Is Cash Flow Under Pressure?

Analysts Set New Price Targets

A number of research analysts recently commented on the company. CLSA started coverage on Netflix in a research note on Monday, July 20th. They issued an “outperform” rating on the stock. UBS Group dropped their price target on Netflix from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, July 17th. KeyCorp reiterated an “overweight” rating and set a $92.00 price objective (down from $115.00) on shares of Netflix in a research report on Monday, July 13th. Phillip Securities raised Netflix from a “moderate buy” rating to a “strong-buy” rating and set a $110.00 price objective on the stock in a report on Sunday, July 19th. Finally, Barclays cut their target price on Netflix from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, July 17th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $95.27.

Netflix Trading Down 2.2%

Shares of NFLX traded down $1.50 during mid-day trading on Thursday, hitting $68.08. 19,813,370 shares of the company’s stock traded hands, compared to its average volume of 42,527,969. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $124.86. The firm has a market capitalization of $283.46 billion, a P/E ratio of 21.42, a PEG ratio of 0.99 and a beta of 1.53. The business’s 50-day moving average price is $75.81 and its 200-day moving average price is $82.56.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The company had revenue of $12.56 billion for the quarter, compared to analysts’ expectations of $12.58 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. Netflix’s quarterly revenue was up 13.4% 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.

Netflix Company Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.