Cidel Asset Management Inc. Sells 35,507 Shares of Netflix, Inc. $NFLX

Key Points

• Cidel Asset Management reduced its Netflix stake by 19.3%, selling 35,507 shares and retaining 148,538 shares valued at approximately $10.3 million. Other institutional investors increased their positions, while institutions collectively own 80.93% of Netflix.
• Netflix reported quarterly earnings of $0.87 per share, exceeding the $0.82 analyst consensus, while revenue rose 11.9% year over year to $12.87 billion. Despite these results, the stock was trading near its 12-month low at $62.08.
• Netflix insiders sold 197,025 shares worth approximately $14.3 million over the past three months. Analysts maintained a consensus “Moderate Buy” rating with an average price target of $89.14, although several firms recently lowered their targets.

Cidel Asset Management Inc. decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 19.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,538 shares of the Internet television network's stock after selling 35,507 shares during the quarter. Cidel Asset Management Inc.'s holdings in Netflix were worth $10,335,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Summit Global Investments boosted its stake in Netflix by 52.0% during the third quarter. Summit Global Investments now owns 26,737 shares of the Internet television network's stock valued at $1,860,000 after buying an additional 9,150 shares in the last quarter. Opinicus Capital Inc. grew its holdings in Netflix by 6.6% during the third quarter. Opinicus Capital Inc. now owns 9,363 shares of the Internet television network's stock worth $651,000 after acquiring an additional 577 shares during the period. Americana Partners LLC grew its holdings in Netflix by 9.9% during the third quarter. Americana Partners LLC now owns 50,306 shares of the Internet television network's stock worth $3,500,000 after acquiring an additional 4,516 shares during the period. Aprio Wealth Management LLC lifted its holdings in Netflix by 2.0% in the 3rd quarter. Aprio Wealth Management LLC now owns 26,701 shares of the Internet television network's stock valued at $1,858,000 after acquiring an additional 527 shares during the last quarter. Finally, Peak Financial Advisors LLC lifted its holdings in Netflix by 2.7% in the 3rd quarter. Peak Financial Advisors LLC now owns 38,786 shares of the Internet television network's stock valued at $2,699,000 after acquiring an additional 1,035 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In other Netflix news, Director Bradford L. Smith sold 17,980 shares of the firm's stock in a transaction dated 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 directly owned 79,690 shares in the company, valued at $5,102,550.70. This trade represents a 18.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David A. Hyman sold 5,723 shares of the firm's stock in a transaction that occurred on 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 directly owned 316,100 shares in the company, valued at $23,027,885. The trade was a 1.78% decrease in their ownership of the stock. 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. Insiders sold a total of 197,025 shares of company stock valued at $14,283,453 in the last three months. 1.24% of the stock is currently owned by company insiders.

Netflix Trading Up 0.0%

Netflix stock opened at $62.08 on Friday. Netflix, Inc. has a 12 month low of $61.39 and a 12 month high of $116.73. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.43. The stock has a market cap of $254.92 billion, a P/E ratio of 17.94, a P/E/G ratio of 0.91 and a beta of 1.62. The company's fifty day simple moving average is $72.67 and its 200-day simple moving average is $81.57.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.05. The company had revenue of $12.87 billion during 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 business's quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the business earned $0.59 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NFLX shares. Yorkville Ives started coverage on shares of Netflix in a report on Monday, October 5th. They set an "in-line" rating and a $75.00 target price for the company. JPMorgan Chase & Co. dropped their price target on Netflix from $85.00 to $81.00 and set an "overweight" rating on the stock in a report on Wednesday, October 21st. China Intl Cap upgraded Netflix to a "strong-buy" rating in a research report on Tuesday, July 21st. Pivotal Research reissued a "hold" rating and set a $65.00 price objective (down from $70.00) on shares of Netflix in a research note on Wednesday, October 21st. Finally, President Capital decreased their target price on Netflix from $134.00 to $83.00 and set a "buy" rating on the stock in a report on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.14.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix repurchased approximately $4.8 billion of stock in the third quarter, signaling that management views the shares as undervalued. The company’s scale, strong margins and ability to spread content costs across a large subscriber base also support the bullish case. Netflix Spent $4.8 Billion Buying Back Stock in 1 Quarter
• Positive Sentiment: Netflix’s latest quarterly earnings exceeded expectations, with earnings per share of $0.87 versus an $0.82 consensus estimate. Revenue rose 11.9% year over year and the company reported a 29.69% net margin, highlighting continued financial strength.
• Neutral Sentiment: Analyst comparisons with Amazon and Walt Disney acknowledge Netflix’s valuable entertainment position, but suggest Amazon’s diversified ecosystem, Prime Video reach and advertising tools—or Disney’s broader media assets—may offer greater upside. Amazon vs. Netflix: Which Stock Is the Better Entertainment Play?
• Neutral Sentiment: Netflix is experimenting with live events and other ways to capture viewers’ attention, while reportedly walking away from an Xbox licensing deal. These strategic moves could create new growth opportunities, but their financial impact remains uncertain. The Battle That May Matter Most for Netflix Stock
• Negative Sentiment: Revenue growth has slowed for three consecutive quarters, and investors remain concerned about disappointing guidance. Reuters reports that the stock has lost about one-third of its value this year as the market reassesses Netflix’s growth outlook. Mapping the Market: More losses in store for Netflix shares?
• Negative Sentiment: Competition for living-room viewing and advertising is intensifying. YouTube’s television advertising business reportedly generated more in one quarter than Netflix’s full-year advertising forecast, raising concerns about Netflix’s ability to scale its newer ad-supported business. YouTube's Living-Room Business
• Negative Sentiment: Reports that members are watching less, along with criticism that Netflix’s content-discovery experience is weakening its historical selling point, are fueling worries about engagement, retention and future subscriber growth. Insider selling has added another negative signal. Netflix Can't Lift, Jim Cramer Says

About Netflix

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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