CoreCap Advisors LLC Sells 23,384 Shares of Netflix, Inc. $NFLX

Key Points

• CoreCap Advisors reduced its Netflix stake by 30.1% in the third quarter, selling 23,384 shares and retaining 54,175 shares valued at approximately $3.77 million.
• Netflix insiders sold $13.1 million worth of stock over the past 90 days, while institutional investors still own a substantial 80.93% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $94.70 price target; Netflix’s latest quarterly results slightly exceeded EPS expectations and revenue rose 13.4% year over year.

CoreCap Advisors LLC decreased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 30.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,175 shares of the Internet television network's stock after selling 23,384 shares during the period. CoreCap Advisors LLC's holdings in Netflix were worth $3,770,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Cornerstone Financial Management LLC acquired a new stake in Netflix in the fourth quarter valued at $26,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Netflix during the 2nd quarter worth approximately $26,000. Compound Global Advisors LLC purchased a new stake in Netflix in the 2nd quarter valued at approximately $29,000. Burnham & Co LLC acquired a new stake in Netflix during the 2nd quarter valued at $29,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in Netflix during the 1st quarter valued at $31,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 27,312 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total transaction of $2,003,335.20. Following the completion of the sale, the chief executive officer owned 178,954 shares in the company, valued at $13,126,275.90. The trade was a 13.24% 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, CFO Spencer Neumann sold 9,248 shares of Netflix stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $75.79, for a total value of $700,905.92. Following the completion of the transaction, the chief financial officer owned 73,787 shares of the company's stock, valued at approximately $5,592,316.73. The trade was a 11.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 179,045 shares of company stock worth $13,132,194 over the last ninety days. Company insiders own 1.24% of the company's stock.

Netflix Stock Up 2.7%

Shares of Netflix stock opened at $71.57 on Friday. The company has a fifty day moving average price of $75.48 and a 200 day moving average price of $81.49. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $124.86. The stock has a market cap of $298.01 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 0.98 and a beta of 1.62.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on NFLX. Oppenheimer set a $85.00 target price on shares of Netflix and gave the company an "outperform" rating in a research note on Friday, July 17th. DZ Bank restated a "buy" rating on shares of Netflix in a research report on Monday, July 20th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Netflix in a research note on Tuesday, September 22nd. Wedbush cut their price target on Netflix from $118.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, July 17th. Finally, CICC Research reduced their price target on Netflix from $110.00 to $90.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.70.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Morgan Stanley maintained an Overweight rating while lowering its price target from $83 to $80. The revised target still implies meaningful upside from recent levels, suggesting the bank views the pullback as an opportunity rather than a deterioration in Netflix’s long-term outlook. Netflix Stocks Jump 2.3% Although Morgan Stanley Trims Its Target
• Positive Sentiment: Several market analyses describe NFLX as attractively valued or below fair value based on its cash-generation potential. Netflix has produced strong long-term shareholder returns despite its 2026 decline, and investors are watching advertising, live programming and other newer businesses as potential growth engines. Netflix Q3 Preview: Attractively Priced Streaming Giant, Shares a Buy
• Positive Sentiment: The completion of the Paramount-Warner Bros. transaction creates a larger rival, but its heavy debt burden and integration demands may give Netflix additional breathing room. Netflix also reportedly received $2.8 billion from Paramount to abandon its competing Warner Bros. bid, reinforcing its balance-sheet flexibility. Netflix Gains Breathing Room As a Major Studio Merger Closes
• Neutral Sentiment: Netflix released a trailer for The Altruists, an eight-episode fictionalized series about the FTX scandal, scheduled for November 19. The project could support engagement and publicity, although its direct financial impact is uncertain. Netflix Drops Trailer for Series Based on FTX
• Negative Sentiment: Bearish commentary continues to cite slowing revenue growth, rising content costs and intense streaming competition. The newly combined Paramount-Warner Bros. group also has substantially greater scale, creating a longer-term competitive risk if its debt does not constrain content investment. Netflix Stock Plunges Year to Date: Three Reasons to Stay Away

About Netflix

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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