Nightview Capital LLC lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 24.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,483 shares of the Internet television network’s stock after selling 16,559 shares during the period. Netflix accounts for 2.7% of Nightview Capital LLC’s holdings, making the stock its 13th biggest holding. Nightview Capital LLC’s holdings in Netflix were worth $3,582,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of NFLX. Merkkuri Wealth Advisors LLC bought a new stake in shares of Netflix during the 1st quarter valued at about $31,000. Bayban grew its stake in Netflix by 400.0% during the first quarter. Bayban now owns 350 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 280 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Netflix during the second quarter worth approximately $26,000. Compound Global Advisors LLC bought a new stake in Netflix in the second quarter worth approximately $29,000. Finally, Burnham & Co LLC bought a new stake in Netflix in the second quarter worth approximately $29,000. Institutional investors own 80.93% of the company’s stock.
Netflix Stock Down 1.7%
Shares of NASDAQ:NFLX opened at $68.69 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. Netflix, Inc. has a 52-week low of $65.08 and a 52-week high of $124.86. The business’s 50 day simple moving average is $74.92 and its two-hundred day simple moving average is $80.20. The firm has a market cap of $286.02 billion, a P/E ratio of 21.62, a PEG ratio of 0.99 and a beta of 1.62.
Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, beating the consensus estimate of $0.82 by $0.05. Netflix had a return on equity of 40.02% and a net margin of 28.22%. The firm had revenue of $12.87 billion during the quarter, compared to the consensus estimate of $12.87 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, research analysts forecast that Netflix, Inc. will post 3.59 EPS for the current fiscal year.
Trending Headlines about Netflix
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Q3 results exceeded profit expectations: Netflix reported $0.87 in diluted EPS versus roughly $0.82 expected. Revenue rose 12% year over year to $12.87 billion, while net income increased 44% to approximately $3.66 billion and operating margin reached 34.6%. Netflix Q3 earnings results
- Positive Sentiment: Management remains confident in long-term revenue growth: CFO Spencer Neumann said Netflix could deliver double-digit revenue growth into 2027 through pricing, advertising and a broad content slate, even if viewing-hour growth remains modest. Netflix CFO revenue growth outlook
- Positive Sentiment: Content and engagement initiatives are planned: Netflix is targeting stronger U.S. execution and expects upcoming films, series and live programming—including projects involving Brad Pitt, Narnia and NFL games—to improve viewing and membership trends. Netflix content and engagement strategy
Insider Activity
In related news, insider David A. 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 transaction of $416,920.55. Following the transaction, the insider owned 316,100 shares of the company’s stock, valued at $23,027,885. The trade was a 1.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory K. Peters sold 27,312 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total value of $2,008,524.48. Following the sale, the chief executive officer owned 120,931 shares of the company’s stock, valued at $8,893,265.74. This trade represents a 18.42% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 179,045 shares of company stock valued at $13,132,194. 1.24% of the stock is currently owned by insiders.
Analyst Ratings Changes
NFLX has been the topic of several recent analyst reports. President Capital dropped their price target on Netflix from $134.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Barclays set a $70.00 price target on Netflix and gave the stock an “equal weight” rating in a report on Wednesday, October 7th. TD Cowen reaffirmed a “buy” rating and set a $100.00 price objective on shares of Netflix in a research report on Monday, October 5th. Wedbush reduced their price objective on shares of Netflix from $105.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. Finally, Daiwa Securities Group lowered their price objective on shares of Netflix from $102.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $92.57.
Get Our Latest Report on Netflix
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.
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