25,000 Netflix, Inc. $NFLX Shares Acquired by Davis Rea LTD.

Key Points

• Davis Rea LTD. increased its Netflix stake by 24.3% in the third quarter, purchasing 25,000 additional shares and bringing its holdings to 127,956 shares valued at approximately $8.9 million.
• Institutional investors and hedge funds own 80.93% of Netflix, with major holders including State Street, Bank of America and Invesco. Meanwhile, insiders sold about $13.1 million worth of shares over the past 90 days.
• Netflix shares recently traded near $70.46, well below their 52-week high of $124.86. Analysts maintain a “Moderate Buy” consensus with an average price target of $94.53, though investors are watching for signs of slowing regional growth and progress in advertising at the upcoming earnings report.

Davis Rea LTD. boosted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 24.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,956 shares of the Internet television network's stock after buying an additional 25,000 shares during the period. Netflix accounts for approximately 2.6% of Davis Rea LTD.'s investment portfolio, making the stock its 12th largest holding. Davis Rea LTD.'s holdings in Netflix were worth $8,903,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NFLX. BlackRock Inc. acquired a new stake in shares of Netflix in the 2nd quarter worth about $24,902,221,000. State Street Corp increased its position 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 acquiring an additional 8,474,820 shares during the period. Bank of America Corp DE increased its position 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 acquiring an additional 2,376,349 shares during the period. Invesco Ltd. raised its stake in Netflix by 835.9% during 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 acquiring an additional 38,818,947 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Netflix during the 2nd quarter valued at $1,906,482,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Theodore Sarandos sold 105,850 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $73.03, for a total value of $7,730,225.50. Following the completion of the sale, the chief executive officer owned 206,266 shares in the company, valued at $15,063,605.98. This represents a 33.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard Barton sold 2,160 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $75.10, for a total value of $162,216.00. Following the transaction, the director directly owned 246 shares in the company, valued at $18,474.60. The trade was a 89.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 179,045 shares of company stock worth $13,132,194. 1.24% of the stock is owned by corporate insiders.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix secured exclusive rights to broadcast the 2030 FIFA World Cup in Spain and Andorra, adding a major live-sports property that could support subscriber engagement, advertising and brand visibility. Netflix Stock Is Trending: What's Going On?
• Positive Sentiment: KeyCorp lowered its price target to $85 but retained an Overweight rating, implying substantial upside from current levels. Analysts see potential recovery catalysts in stronger content, improved viewership, advertising growth and better execution. Netflix Has Fallen 25% This Year
• Positive Sentiment: Some investors remain constructive because Netflix is still viewed as the most profitable major streaming platform, with high margins, continued sales growth and a lower earnings multiple than its historical average. My Netflix Stock Prediction for 2027
• Neutral Sentiment: Investors are awaiting the Oct. 20 earnings release, with particular focus on whether Netflix can meet its roughly 12% revenue-growth outlook, sustain free cash flow and demonstrate progress in advertising. Netflix Is Set to Release Earnings on Oct. 20
• Negative Sentiment: Huber Research issued a rare double downgrade, moving Netflix from Buy to Sell and cutting its price target. The call reflects concerns over weaker viewing trends, competition from YouTube and other platforms, and uncertainty about the company’s growth outlook. Netflix Stock Is Double Downgraded
• Negative Sentiment: Netflix’s U.S. and Canada region, which generates about 43% of second-quarter revenue, grew 10%, down from 18% two quarters earlier. Slowing growth across international regions also raises questions about whether overseas expansion can offset weaker performance at home. Netflix's Regions Abroad Are Growing Faster
• Negative Sentiment: Reports that Netflix may undertake its largest workforce reduction in four years add to concerns about slower growth and investor confidence, even though layoffs could eventually improve costs. Netflix Layoffs Loom

Netflix Price Performance

Shares of NASDAQ NFLX traded down $0.15 during midday trading on Tuesday, reaching $70.46. The company's stock had a trading volume of 27,728,118 shares, compared to its average volume of 42,281,078. 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 50 day moving average price of $75.34 and a 200 day moving average price of $81.03. Netflix, Inc. has a one year low of $65.08 and a one year high of $124.86. The company has a market cap of $293.39 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 0.99 and a beta of 1.62.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.01. The business had revenue of $12.56 billion for 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 previous year, the firm posted $0.72 EPS. On average, equities research analysts expect that Netflix, Inc. will post 3.59 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NFLX shares. President Capital decreased their price target on Netflix from $134.00 to $83.00 and set a "buy" rating for the company in a research note on Monday, July 20th. KGI Securities lowered Netflix from an "outperform" rating to a "neutral" rating and set a $75.00 price target on the stock. in a report on Friday, July 17th. Itau BBA Securities reduced their price objective on shares of Netflix from $151.40 to $96.00 and set an "outperform" rating for the company in a report on Wednesday, August 5th. Wolfe Research restated an "outperform" rating and set a $95.00 price target (up from $84.00) on shares of Netflix in a research report on Tuesday, August 25th. Finally, TD Cowen reaffirmed a "buy" rating and issued a $100.00 price target on shares of Netflix in a research note on Monday, October 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $94.53.

Netflix Company 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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