Fifth Third Bancorp lowered its position in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 20.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,501,516 shares of the Internet television network’s stock after selling 387,612 shares during the quarter. Fifth Third Bancorp’s holdings in Netflix were worth $104,475,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Netflix in the 2nd quarter valued at approximately $24,902,221,000. State Street Corp lifted its position in shares of Netflix by 4.9% during the 2nd quarter. State Street Corp now owns 180,129,582 shares of the Internet television network’s stock worth $12,861,252,000 after purchasing an additional 8,474,820 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Netflix by 4.3% during the 1st quarter. Bank of America Corp DE now owns 57,942,812 shares of the Internet television network’s stock worth $5,571,201,000 after purchasing an additional 2,376,349 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Netflix during the 2nd quarter worth $1,906,482,000. Finally, Legal & General Group Plc acquired a new position in shares of Netflix during the second quarter worth $1,886,526,000. Institutional investors and hedge funds own 80.93% of the company’s stock.
Insiders Place Their Bets
In other news, insider David Hyman sold 5,727 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $64.55, for a total value of $369,677.85. Following the completion of the sale, the insider directly owned 166,100 shares of the company’s stock, valued at approximately $10,721,755. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Bradford Smith sold 17,980 shares of the firm’s stock in a transaction that occurred on 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 owned 79,690 shares in the company, valued at approximately $5,102,550.70. This trade 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 three months, insiders sold 89,024 shares of company stock valued at $5,788,733. 1.24% of the stock is owned by insiders.
Netflix Stock Up 2.0%
Netflix stock opened at $64.54 on Thursday. Netflix, Inc. has a fifty-two week low of $61.39 and a fifty-two week high of $116.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $265.02 billion, a P/E ratio of 21.59, a PEG ratio of 0.93 and a beta of 1.62. The stock has a 50-day simple moving average of $70.00 and a 200-day simple moving average of $80.65.
Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. The firm had revenue of $12.87 billion for the quarter, compared to the consensus estimate of $12.87 billion. Netflix had a return on equity of 42.69% and a net margin of 29.69%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 EPS. Equities research analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms recently commented on NFLX. Piper Sandler reissued an “overweight” rating and issued a $78.00 target price (down from $85.00) on shares of Netflix in a report on Wednesday, October 21st. Needham & Company LLC downgraded Netflix from a “buy” rating to a “hold” rating in a report on Wednesday, October 21st. Canaccord Genuity Group set a $110.00 price target on Netflix in a report on Wednesday, October 21st. KeyCorp lowered their price objective on Netflix from $92.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Finally, CLSA assumed coverage on Netflix in a report on Monday, July 20th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.14.
Read Our Latest Report on NFLX
Top Netflix Stories
Here are a few of the latest stories about NFLX:
- Positive Sentiment: Netflix’s latest reported quarter showed EPS of $0.87, above the $0.82 consensus, while revenue grew 11.9% year over year. That growth and earnings performance offer some support amid the stock’s selloff.
- Negative Sentiment: Reports say NFLX has fallen 53% from its June 2025 peak, amid slowing viewer engagement, YouTube competition and investor doubts about the expense of its content strategy. The stock is near its 52-week low, reinforcing concerns about its growth outlook. Article: Netflix Wipes Out Five Years of Gains
- Negative Sentiment: Co-CEO Gregory Peters sold 27,312 shares, reducing his direct holdings by 18.61%. The sale may add to near-term caution, although the filing alone does not establish the reason for the transaction. Article: Netflix CEO Gregory Peters Sells 27,312 Shares
Netflix Company Profile
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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