Netflix, Inc. $NFLX Shares Sold by Narwhal Capital Management

Posted by on Nov 11th, 2026

Narwhal Capital Management decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 93.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,269 shares of the Internet television network’s stock after selling 62,306 shares during the quarter. Narwhal Capital Management’s holdings in Netflix were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Csenge Advisory Group lifted its stake in Netflix by 9.8% in the 3rd quarter. Csenge Advisory Group now owns 12,938 shares of the Internet television network’s stock worth $900,000 after purchasing an additional 1,158 shares in the last quarter. Gables Capital Management Inc. boosted its holdings in Netflix by 1.4% in the 3rd quarter. Gables Capital Management Inc. now owns 27,820 shares of the Internet television network’s stock valued at $1,936,000 after purchasing an additional 380 shares during the period. Marathon Wealth Advisors LLC grew its position in shares of Netflix by 5.8% during the 3rd quarter. Marathon Wealth Advisors LLC now owns 46,855 shares of the Internet television network’s stock valued at $3,260,000 after purchasing an additional 2,586 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its position in shares of Netflix by 23.3% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 56,389 shares of the Internet television network’s stock valued at $3,924,000 after purchasing an additional 10,651 shares in the last quarter. Finally, 71 West Capital Partners grew its position in shares of Netflix by 8.1% during the 3rd quarter. 71 West Capital Partners now owns 84,286 shares of the Internet television network’s stock valued at $5,865,000 after purchasing an additional 6,317 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, CEO Theodore Sarandos sold 27,312 shares of the business’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $66.20, for a total transaction of $1,808,054.40. Following the transaction, the chief executive officer owned 178,954 shares in the company, valued at $11,846,754.80. The trade was a 13.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Neumann sold 9,253 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $66.15, for a total value of $612,085.95. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at $4,881,010.05. This represents a 11.14% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 89,024 shares of company stock worth $5,788,733. 1.24% of the stock is owned by corporate insiders.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

  • Positive Sentiment: Netflix’s EMEA revenue grew 11% year over year in the third quarter. Management says sustaining that growth in Europe will depend partly on preserving creative freedom amid regulation. Article: Netflix boss says creativity and regulation are not happy bedfellows in Europe
  • Neutral Sentiment: Netflix launched an international campaign using 35mm film, supported by a social series about creatives’ viewing tastes. The campaign may support brand engagement, but its financial impact is unclear. Article: Netflix embraces 35mm film in international campaign
  • Neutral Sentiment: A report described November short interest as totaling zero shares, with a 0.0-day days-to-cover ratio. That figure does not indicate meaningful short positioning, despite the report’s claim of a large increase.
  • Negative Sentiment: Investor confidence remains a concern: coverage cites slowing Netflix growth and evidence that viewers are watching less. A content leadership shake-up is among management’s steps to address the challenge, but the concerns weigh on the growth outlook. Article: Why Netflix Stock Plunged 11% in October
  • Negative Sentiment: Netflix also declined amid weakness across entertainment stocks. Coverage linked the sector’s reaction to concerns about the film outlook and debt at the newly combined Warner Bros.–Paramount, though it characterized Netflix and Disney as relatively less affected. Article: Skydance Sinks as Warner Bros. Film Slump Overshadows Earnings Beat

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NFLX. UBS Group set a $90.00 price objective on Netflix in a research note on Wednesday, October 21st. Oppenheimer restated an “outperform” rating and issued a $80.00 target price (down from $85.00) on shares of Netflix in a research note on Wednesday, October 21st. Morgan Stanley set a $77.00 price target on Netflix and gave the company an “overweight” rating in a report on Wednesday, October 21st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $80.00 price target (down from $95.00) on shares of Netflix in a report on Wednesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft set a $93.00 price target on Netflix in a research report on Wednesday, October 21st. 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 given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $89.14.

Get Our Latest Analysis on NFLX

Netflix Stock Down 1.1%

NFLX opened at $63.26 on Wednesday. The company has a market cap of $259.77 billion, a P/E ratio of 18.28, a P/E/G ratio of 0.94 and a beta of 1.62. The business’s 50-day moving average price is $70.32 and its 200-day moving average price is $80.76. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a 12 month low of $61.39 and a 12 month high of $116.73.

Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. The firm had revenue of $12.87 billion during the quarter, compared to analyst estimates of $12.87 billion. Netflix had a return on equity of 42.69% and a net margin of 29.69%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 3.59 EPS for the current year.

Netflix Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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