Netflix, Inc. $NFLX Stock: Summit Global Investments Raises Position

Summit Global Investments grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 52.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 26,737 shares of the Internet television network’s stock after purchasing an additional 9,150 shares during the period. Summit Global Investments’ holdings in Netflix were worth $1,860,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Opinicus Capital Inc. boosted its holdings in shares of Netflix by 6.6% in the third quarter. Opinicus Capital Inc. now owns 9,363 shares of the Internet television network’s stock valued at $651,000 after acquiring an additional 577 shares during the period. Americana Partners LLC increased its holdings in shares of Netflix by 9.9% in the 3rd quarter. Americana Partners LLC now owns 50,306 shares of the Internet television network’s stock valued at $3,500,000 after acquiring an additional 4,516 shares during the period. Aprio Wealth Management LLC increased its holdings in shares of Netflix by 2.0% in the 3rd quarter. Aprio Wealth Management LLC now owns 26,701 shares of the Internet television network’s stock valued at $1,858,000 after acquiring an additional 527 shares during the period. Peak Financial Advisors LLC raised its position in Netflix by 2.7% in the 3rd quarter. Peak Financial Advisors LLC now owns 38,786 shares of the Internet television network’s stock valued at $2,699,000 after purchasing an additional 1,035 shares during the last quarter. Finally, Petros Family Wealth LLC raised its position in Netflix by 15.9% in the 3rd quarter. Petros Family Wealth LLC now owns 6,427 shares of the Internet television network’s stock valued at $447,000 after purchasing an additional 881 shares during the last quarter. 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 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

Analyst Ratings Changes

NFLX has been the topic of a number of recent research reports. Pivotal Research restated a “hold” rating and issued a $65.00 price objective (down from $70.00) on shares of Netflix in a research note on Wednesday, October 21st. Stephens began coverage on shares of Netflix in a research note on Friday, July 17th. They set an “overweight” rating for the company. Rosenblatt Securities set a $71.00 price target on Netflix and gave the stock a “neutral” rating in a report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft set a $93.00 price target on Netflix in a research report on Wednesday, October 21st. Finally, Robert W. Baird set a $90.00 price objective on Netflix and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $89.14.

Netflix Stock Up 0.0%

NFLX stock opened at $62.08 on Friday. Netflix, Inc. has a one year low of $61.39 and a one year high of $116.73. The stock 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 debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.07. The company has a fifty day moving average of $72.67 and a 200-day moving average of $81.57.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.05. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The business had revenue of $12.87 billion for the quarter, compared to the consensus estimate of $12.87 billion. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, analysts expect that Netflix, Inc. will post 3.59 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, insider David Hyman sold 5,723 shares of Netflix stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total value of $416,920.55. Following the sale, the insider owned 316,100 shares of the company’s stock, valued at approximately $23,027,885. The trade was a 1.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard Barton sold 720 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $75.27, for a total value of $54,194.40. Following the transaction, the director owned 2,460 shares in the company, valued at $185,164.20. The trade was a 22.64% decrease in their position. 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 have sold 197,025 shares of company stock valued at $14,283,453 over the last 90 days. 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.