18,594 Shares of Netflix, Inc. $NFLX Bought by Canandaigua National Bank & Trust Co.

Key Points

• Canandaigua National Bank & Trust Co. bought 18,594 Netflix shares worth approximately $1.29 million in the third quarter. Institutional investors collectively own 80.93% of Netflix’s stock.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average target price of $94.94, despite several firms recently lowering their targets.
• Netflix shares opened at $69.70, near the lower end of their 52-week range. Its latest quarterly earnings slightly beat estimates, while revenue rose 13.4% year over year but narrowly missed expectations; insiders sold about $13.1 million of stock during the quarter.

Canandaigua National Bank & Trust Co. acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,594 shares of the Internet television network's stock, valued at approximately $1,294,000.

A number of other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Netflix during the second quarter worth approximately $24,902,221,000. State Street Corp boosted its stake in Netflix by 4.9% in the 2nd quarter. State Street Corp now owns 180,129,582 shares of the Internet television network's stock valued at $12,861,252,000 after purchasing an additional 8,474,820 shares during the period. Bank of America Corp DE grew its holdings in Netflix by 4.3% in the 1st quarter. Bank of America Corp DE now owns 57,942,812 shares of the Internet television network's stock valued at $5,571,201,000 after buying an additional 2,376,349 shares in the last quarter. Invesco Ltd. grew its holdings in Netflix by 835.9% in the 4th quarter. Invesco Ltd. now owns 43,462,696 shares of the Internet television network's stock valued at $4,075,062,000 after buying an additional 38,818,947 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Netflix during the 2nd quarter worth $1,906,482,000. Institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NFLX. Bank of America dropped their target price on Netflix from $125.00 to $105.00 and set a "buy" rating for the company in a report on Friday, July 17th. Pivotal Research decreased their price target on shares of Netflix from $96.00 to $70.00 and set a "hold" rating on the stock in a research note on Friday, July 17th. Loop Capital lowered their price target on shares of Netflix from $115.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Phillip Securities upgraded shares of Netflix from a "moderate buy" rating to a "strong-buy" rating and set a $110.00 price objective for the company in a research note on Sunday, July 19th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Netflix in a report on Tuesday, September 22nd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $94.94.

Netflix Stock Performance

Shares of Netflix stock opened at $69.70 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. The company has a market cap of $290.23 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 0.97 and a beta of 1.62. The company has a 50 day moving average of $75.52 and a 200-day moving average of $81.64. Netflix, Inc. has a 1-year low of $65.08 and a 1-year high of $124.86.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. The firm had revenue of $12.56 billion during the quarter, compared to analysts' expectations of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The company's quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.72 earnings per share. As a group, equities research analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: The new Skydance-led media giant’s substantial debt burden could give Netflix a competitive advantage. Paramount and Warner Bros. face approximately $80 billion of long-term debt, significant interest costs and a difficult integration, potentially limiting their ability to spend aggressively on content. Netflix Gains Breathing Room as a Major Studio Merger Closes
• Positive Sentiment: Disney’s decision to license titles such as Percy Jackson and Ice Age to Netflix underscores the platform’s distribution reach and financial strength. Licensing could expand its content library without requiring Netflix to fully fund production. Disney Is Opening the Door to Netflix
• Positive Sentiment: Proposed U.S. legislation could provide a tax credit of up to 30% for qualifying domestic film and television production. If enacted, the measure could reduce Netflix’s production costs, although the benefit is not yet certain.
• Neutral Sentiment: Netflix’s latest quarterly results were mixed: earnings per share modestly exceeded estimates, while revenue of $12.56 billion narrowly missed expectations but increased 13.4% year over year. Management expects growth to slow further, making advertising revenue and margin performance important upcoming catalysts.
• Negative Sentiment: Bearish analysts argue that Netflix’s growth is entering a more mature phase. Forecast annual revenue growth near 13% is slower than historical levels, while rising content and live-sports rights costs could constrain margin expansion. Three Reasons to Stay Away From Netflix Stock
• Negative Sentiment: The enlarged Paramount–Warner Bros. business will have nearly $70 billion in annual sales and valuable franchises, creating a formidable long-term rival despite its leverage. Investors are also questioning whether Netflix’s valuation adequately reflects slower growth and heavy streaming competition. Netflix’s Newest Rival Has Nearly $70 Billion in Annual Sales

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 5,723 shares of the 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 completion of the transaction, the insider owned 316,100 shares of the company's stock, valued at approximately $23,027,885. This represents a 1.78% 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 the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Neumann sold 9,248 shares of the firm'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 transaction of $700,905.92. Following the completion of the sale, the chief financial officer owned 73,787 shares in the company, valued at approximately $5,592,316.73. The trade was a 11.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 179,045 shares of company stock worth $13,132,194 over the last quarter. 1.24% of the stock is currently owned by company insiders.

Netflix Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.

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