Phoenix Financial Ltd. Purchases 92,381 Shares of Netflix, Inc. $NFLX

Phoenix Financial Ltd. increased its position in Netflix, Inc. (NASDAQ:NFLX) by 129.7% during the third quarter, Holdings Channel reports. The firm owned 163,595 shares of the Internet television network’s stock after buying an additional 92,381 shares during the quarter. Phoenix Financial Ltd.’s holdings in Netflix were worth $10,829,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of NFLX. BlackRock Inc. bought a new position in Netflix during the second quarter worth about $24,902,221,000. State Street Corp increased its position in Netflix by 4.9% during 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 during 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 valued at $5,571,201,000 after buying an additional 2,376,349 shares during the period. Bank of New York Mellon Corp bought a new stake in Netflix in the second quarter valued at approximately $1,906,482,000. Finally, Legal & General Group Plc bought a new stake in Netflix in the second quarter valued at approximately $1,886,526,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of Netflix stock traded down $0.54 on Friday, hitting $62.15. The stock had a trading volume of 36,558,372 shares, compared to its average volume of 46,146,632. Netflix, Inc. has a twelve month low of $61.39 and a twelve month high of $115.25. The business’s 50 day moving average is $69.18 and its two-hundred day moving average is $80.42. 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 stock has a market cap of $255.21 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share 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 analysts’ expectations of $12.87 billion. Netflix had a return on equity of 42.69% and a net margin of 29.69%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. Analysts forecast that Netflix, Inc. will post 3.59 EPS for the current year.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 27,312 shares of the company’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $63.62, for a total value of $1,737,589.44. Following the transaction, the chief executive officer directly owned 119,412 shares in the company, valued at approximately $7,596,991.44. This represents a 18.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bradford L. Smith sold 17,980 shares of the firm’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $64.03, for a total transaction of $1,151,259.40. Following the transaction, the director directly owned 79,690 shares in the company, valued at approximately $5,102,550.70. This represents a 18.41% 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. In the last ninety days, insiders have sold 89,024 shares of company stock valued at $5,788,733. 1.24% of the stock is currently owned by insiders.

Netflix News Summary

Here’s some of the latest news about NFLX:

• Positive Sentiment: A comparison with Disney characterized Netflix as a global streaming leader with higher net margins and double-digit revenue growth, supporting its long-term business case. Walt Disney vs. Netflix: Which Is the Better Entertainment Stock to Buy Going Into 2027?
• Neutral Sentiment: An analyst floated a possible channel store or Fox One bundle. Bundling could help subscriber retention and reduce churn, but the idea remains speculative. Netflix May Launch Channel Store Or Bundle With Fox One: Analyst
• Negative Sentiment: Netflix’s Thanksgiving Eve NFL game is framed as a test of its advertising strategy following a reported $300 million ad cut, adding uncertainty about ad growth. Netflix’s Thanksgiving Eve NFL Game Is the Next Test After a $300 Million Ad Cut

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research analyst reports. Wedbush reduced their target price on Netflix from $105.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. JPMorgan Chase & Co. decreased their target price on Netflix from $85.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Loop Capital dropped their price target on Netflix from $115.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Piper Sandler reaffirmed an “overweight” rating and set a $78.00 price target (down from $85.00) on shares of Netflix in a report on Wednesday, October 21st. Finally, Canaccord Genuity Group set a $110.00 price target on Netflix in a report on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average 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.