Oppenheimer & Co. Inc. reduced its holdings in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 5.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 307,375 shares of the Internet television network’s stock after selling 18,531 shares during the period. Oppenheimer & Co. Inc.’s holdings in Netflix were worth $21,387,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Nykredit A S acquired a new stake in Netflix during the 2nd quarter valued at $105,697,000. Rockland Trust Co. lifted its stake in shares of Netflix by 27.5% during the 3rd quarter. Rockland Trust Co. now owns 219,221 shares of the Internet television network’s stock worth $15,253,000 after buying an additional 47,339 shares during the last quarter. Boomfish Wealth Group LLC lifted its stake in shares of Netflix by 91.5% during the 3rd quarter. Boomfish Wealth Group LLC now owns 34,547 shares of the Internet television network’s stock worth $2,404,000 after buying an additional 16,510 shares during the last quarter. Welch & Forbes LLC boosted its holdings in shares of Netflix by 3,464.5% during the 1st quarter. Welch & Forbes LLC now owns 118,448 shares of the Internet television network’s stock worth $11,389,000 after buying an additional 115,125 shares during the period. Finally, USS Investment Management Ltd boosted its holdings in shares of Netflix by 31.8% during the 1st quarter. USS Investment Management Ltd now owns 886,527 shares of the Internet television network’s stock worth $85,244,000 after buying an additional 213,972 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Key Headlines Impacting Netflix
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Netflix delivered a solid Q3 financial performance, exceeding consensus EPS estimates, expanding margins to a record level, and growing revenue year over year. The company’s sizable share-buyback activity may also support per-share results. Netflix Just Posted a Record Margin
- Positive Sentiment: Analysts noted that international revenue trends and wider margins could provide a foundation for a recovery, while some investors view the post-earnings selloff as a potential buying opportunity. International Revenue Trends
- Neutral Sentiment: Reported short interest was listed at zero shares, implying no measurable short-interest ratio. The figure may reflect a reporting or data issue and offers little actionable insight for investors.
- Neutral Sentiment: Netflix is undergoing a major content and leadership shake-up, including the departure of senior executives and roughly 1,000 job cuts. Management appears to be repositioning the company to improve content performance and regain viewing share. Netflix Content Leadership Changes
- Negative Sentiment: Investors were disappointed that guidance implied approximately 13% annual revenue growth and reportedly included a weaker fourth-quarter outlook and reduced expectations for 2026 advertising revenue. The market viewed the outlook as insufficient for Netflix’s valuation. Netflix Post-Earnings Dip
- Negative Sentiment: Engagement and watch-hour trends have become the primary overhang. Co-CEO Greg Peters acknowledged that U.S. engagement can improve, raising concerns that Netflix is losing attention to YouTube, artificial intelligence-driven content, and short-form video. Netflix U.S. Engagement Concerns
Analyst Ratings Changes
A number of brokerages recently commented on NFLX. CICC Research decreased their price target on shares of Netflix from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Stephens assumed coverage on shares of Netflix in a research report on Friday, July 17th. They set an “overweight” rating for the company. Evercore restated an “outperform” rating and set a $90.00 price objective on shares of Netflix in a report on Wednesday, October 21st. Jefferies Financial Group set a $85.00 price objective on Netflix and gave the stock a “buy” rating in a report on Thursday, October 15th. Finally, Wolfe Research downgraded Netflix from an “outperform” rating to a “peer perform” rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.59.
Check Out Our Latest Stock Analysis on Netflix
Netflix Price Performance
NASDAQ:NFLX opened at $63.90 on Tuesday. Netflix, Inc. has a 52 week low of $62.86 and a 52 week high of $116.73. The firm has a market cap of $262.39 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 0.96 and a beta of 1.62. The firm’s 50-day simple moving average is $74.27 and its 200 day simple moving average is $82.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.07.
Netflix (NASDAQ:NFLX – Get Free Report) last issued its quarterly earnings data 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 net margin of 29.69% and a return on equity of 42.69%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current year.
Insider Activity
In related news, Director Richard N. Barton sold 2,160 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $75.10, for a total value of $162,216.00. Following the completion of the sale, the director directly owned 246 shares in the company, valued at approximately $18,474.60. The trade was a 89.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Neumann sold 9,248 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $75.79, for a total value of $700,905.92. Following the sale, the chief financial officer directly owned 73,787 shares in the company, valued at $5,592,316.73. This represents a 11.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 179,045 shares of company stock worth $13,132,194. Insiders own 1.24% of the company’s stock.
Netflix Company Profile
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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