Netflix, Inc. $NFLX Stock Sold by Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 9.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,548 shares of the Internet television network’s stock after selling 16,097 shares during the period. Netflix makes up approximately 2.6% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust’s holdings, making the stock its 14th biggest holding. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust’s holdings in Netflix were worth $10,614,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Netflix during the second quarter worth $24,902,221,000. State Street Corp lifted 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 valued at $12,861,252,000 after purchasing an additional 8,474,820 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Netflix by 4.3% in 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 in the 2nd quarter worth $1,906,482,000. Finally, Legal & General Group Plc acquired a new stake in shares of Netflix in the 2nd quarter worth $1,886,526,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

More Netflix News

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?

Analysts Set New Price Targets

Several research analysts recently weighed in on NFLX shares. Deutsche Bank Aktiengesellschaft upgraded Netflix from a “hold” rating to a “buy” rating and dropped their target price for the stock from $100.00 to $95.00 in a research note on Tuesday, September 29th. Evercore reaffirmed an “outperform” rating and set a $110.00 target price (up from $100.00) on shares of Netflix in a research report on Monday, September 14th. Wolfe Research reiterated an “outperform” rating and issued a $95.00 price target (up from $84.00) on shares of Netflix in a research note on Tuesday, August 25th. TD Cowen reissued a “buy” rating and issued a $100.00 price target on shares of Netflix in a report on Monday, October 5th. Finally, Oppenheimer set a $85.00 price target on Netflix and gave the stock an “outperform” rating in a report on Friday, July 17th. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $93.38.

Netflix Stock Down 1.0%

Shares of NFLX stock opened at $69.85 on Tuesday. Netflix, Inc. has a fifty-two week low of $65.08 and a fifty-two week high of $124.86. The firm has a market capitalization of $290.85 billion, a PE ratio of 26.65, a P/E/G ratio of 1.00 and a beta of 1.62. 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’s 50-day simple moving average is $75.04 and its 200-day simple moving average is $80.38.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 120,931 shares of the company’s stock, valued at approximately $8,893,265.74. This trade represents a 18.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 27,312 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $73.35, for a total transaction of $2,003,335.20. Following the transaction, the chief executive officer directly owned 178,954 shares of the company’s stock, valued at $13,126,275.90. This represents a 13.24% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 179,045 shares of company stock valued at $13,132,194 over the last quarter. Company insiders own 1.24% of the company’s stock.

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.