76,667 Netflix, Inc. $NFLX Shares Sold by Northeast Investment Management

Key Points

• Northeast Investment Management cut its Netflix stake by 43.9% in the third quarter, selling 76,667 shares and retaining 98,111 shares valued at about $6.8 million.
• Netflix reported quarterly earnings of $0.87 per share, beating the $0.82 consensus, while revenue of $12.87 billion matched estimates and rose 11.9% year over year.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $89.14; shares opened at $66.39, within a 52-week range of $61.39 to $116.73.

Northeast Investment Management lowered its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 43.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,111 shares of the Internet television network's stock after selling 76,667 shares during the quarter. Northeast Investment Management's holdings in Netflix were worth $6,827,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. American Capital Advisory LLC boosted its position in shares of Netflix by 0.8% during the 1st quarter. American Capital Advisory LLC now owns 13,990 shares of the Internet television network's stock worth $1,345,000 after purchasing an additional 109 shares in the last quarter. Warner Group LLC increased its position in Netflix by 2.2% in the 1st quarter. Warner Group LLC now owns 5,230 shares of the Internet television network's stock valued at $503,000 after buying an additional 114 shares in the last quarter. Financial Avengers Inc. increased its position in Netflix by 9.8% in the 1st quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network's stock valued at $124,000 after buying an additional 115 shares in the last quarter. UNIVEST FINANCIAL Corp increased its position in Netflix by 0.5% in the 1st quarter. UNIVEST FINANCIAL Corp now owns 27,315 shares of the Internet television network's stock valued at $2,626,000 after buying an additional 128 shares in the last quarter. Finally, Granite Bay Wealth Management LLC raised its stake in Netflix by 5.8% during the 1st quarter. Granite Bay Wealth Management LLC now owns 2,365 shares of the Internet television network's stock worth $227,000 after buying an additional 130 shares during the period. Institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $66.39 on Thursday. Netflix, Inc. has a fifty-two week low of $61.39 and a fifty-two week high of $116.73. The stock has a market cap of $272.62 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 0.93 and a beta of 1.62. 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 firm's 50-day simple moving average is $71.68 and its 200 day simple moving average is $81.20.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, topping 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 company's revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bill Ackman described Netflix as “incredibly cheap” after the shares fell sharply from their 2025 peak. The article also notes that third-quarter churn improved year over year, a potentially encouraging sign for customer retention. Article: Bill Ackman on Netflix valuation
• Positive Sentiment: One analysis points to record profits, nearly $5 billion in share repurchases, and deals with Disney and the NFL as evidence of Netflix’s broader strategy. Those factors may support the bullish view that the business is stronger than its share price suggests. Article: Netflix Is Playing a Bigger Game
• Positive Sentiment: Netflix is testing an AI-powered “Discover” tab that lets viewers seek recommendations based on their mood. Better discovery could help keep users engaged, though the feature’s effect on retention or revenue is not yet established. Article: Netflix's new AI Discover tab
• Neutral Sentiment: Director David Hyman sold 5,727 shares, but the filing says the sale covered tax withholding tied to vested equity awards. He retained 166,100 shares, making the transaction less indicative of a change in his outlook. SEC filing
• Negative Sentiment: Bearish considerations include slowing revenue growth, uninspiring guidance, and concerns about falling viewing hours and Netflix’s changing content mix. These issues may help explain why the stock remains far below its 2025 high despite reported business strengths. Article: Netflix Trades at a Discount to the S&P 500's Valuation

Insider Buying and Selling

In related news, CFO Spencer Neumann sold 9,248 shares of the stock in a transaction 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 completion of the sale, the chief financial officer directly owned 73,787 shares of the company's stock, valued at approximately $5,592,316.73. This represents a 11.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 720 shares of the firm's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $75.27, for a total value of $54,194.40. Following the transaction, the director owned 2,460 shares in the company, valued at approximately $185,164.20. This trade represents a 22.64% 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. Insiders sold 34,395 shares of company stock worth $2,331,910 in the last ninety days. Corporate insiders own 1.24% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NFLX shares. Guggenheim cut their price target on Netflix from $80.00 to $78.00 and set a "buy" rating on the stock in a report on Wednesday, October 21st. Yorkville Ives started coverage on Netflix in a report on Monday, October 5th. They set an "in-line" rating and a $75.00 price objective for the company. DZ Bank restated a "buy" rating on shares of Netflix in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $93.00 target price on Netflix in a research report on Wednesday, October 21st. Finally, Wedbush cut their target price on Netflix from $105.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, October 16th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $89.14.

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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