Lmcg Investments LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 19.0% in the third quarter, Holdings Channel.com reports. The firm owned 71,154 shares of the Internet television network’s stock after buying an additional 11,372 shares during the period. Lmcg Investments LLC’s holdings in Netflix were worth $4,951,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Merkkuri Wealth Advisors LLC purchased a new stake in Netflix in the 1st quarter worth about $31,000. Bayban lifted its stake in Netflix by 400.0% in 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 last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Netflix during the second quarter valued at approximately $26,000. Sawyer & Company Inc purchased a new position in shares of Netflix during the third quarter valued at approximately $27,000. Finally, Compound Global Advisors LLC purchased a new position in shares of Netflix during the second quarter valued at approximately $29,000. Institutional investors own 80.93% of the company’s stock.
Insider Activity at Netflix
In other news, CFO Spencer Neumann sold 9,248 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $75.79, for a total value of $700,905.92. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company’s stock, valued at approximately $5,592,316.73. This represents a 11.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 5,723 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total value of $416,920.55. Following the sale, the insider directly owned 316,100 shares in the company, valued at approximately $23,027,885. The trade was a 1.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 179,045 shares of company stock worth $13,132,194 over the last three months. Corporate insiders own 1.24% of the company’s stock.
More Netflix News
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Netflix reported third-quarter EPS of $0.87, above the $0.82 consensus estimate, while revenue of $12.87 billion was essentially in line with expectations. Revenue increased about 12% year over year, operating margin expanded to 34.6%, and net income rose approximately 44%. Netflix Q3 earnings report
- Positive Sentiment: Some analysts remain constructive after the selloff. UBS, JPMorgan, Bank of America, TD Cowen and Guggenheim maintained positive ratings despite lowering price targets, while BMO described the decline as a potential buying opportunity. BMO post-earnings view
- Positive Sentiment: Management expects advertising revenue to grow more than 80% in 2026 and is betting on improved U.S. programming, live events and internationally successful local-language content to increase engagement and improve returns on content spending. Local-language content analysis
Netflix Price Performance
Shares of NFLX stock opened at $65.04 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $270.82 billion, a P/E ratio of 18.80, a P/E/G ratio of 0.97 and a beta of 1.62. The company’s 50-day simple moving average is $74.74 and its two-hundred day simple moving average is $79.96. Netflix, Inc. has a one year low of $64.10 and a one year high of $116.73.
Netflix (NASDAQ:NFLX – Get Free Report) last issued its earnings results on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. The business had revenue of $12.87 billion for the quarter, compared to analyst estimates of $12.87 billion. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $0.59 earnings per share. As a group, equities analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current year.
Wall Street Analyst Weigh In
NFLX has been the topic of several recent analyst reports. UBS Group set a $90.00 price target on Netflix in a report on Wednesday. CLSA assumed coverage on Netflix in a report on Monday, July 20th. They set an “outperform” rating for the company. William Blair restated an “outperform” rating on shares of Netflix in a report on Wednesday. Rothschild & Co Redburn cut their price objective on Netflix from $120.00 to $93.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Finally, Wedbush reduced their target price on Netflix from $105.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Three analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $89.94.
Check Out Our Latest Stock Analysis 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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