NBT Bank N.A. Makes New $3.13 Million Investment in Netflix, Inc. $NFLX

Key Points

• NBT Bank N.A. purchased 45,044 Netflix shares during the third quarter, worth approximately $3.13 million. Institutional investors collectively own 80.93% of Netflix.
• Netflix beat third-quarter earnings expectations with $0.87 EPS and $12.87 billion in revenue, but issued weaker fourth-quarter guidance and lowered its 2026 advertising-revenue forecast to $2.7 billion.
• Netflix shares opened at $67.05, near their one-year low of $64.10. Analysts maintain a “Moderate Buy” consensus, although the average price target has fallen to $89.59 as several firms reduced targets.

NBT Bank N.A. bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 45,044 shares of the Internet television network's stock, valued at approximately $3,134,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Root Financial Partners LLC increased its stake in shares of Netflix by 12.3% in the 3rd quarter. Root Financial Partners LLC now owns 24,307 shares of the Internet television network's stock worth $1,691,000 after acquiring an additional 2,671 shares in the last quarter. Precedent Wealth Partners LLC lifted its position in Netflix by 89.7% during the 3rd quarter. Precedent Wealth Partners LLC now owns 6,088 shares of the Internet television network's stock valued at $424,000 after acquiring an additional 2,878 shares during the period. JSF Financial LLC lifted its position in Netflix by 26.9% during the 3rd quarter. JSF Financial LLC now owns 9,436 shares of the Internet television network's stock valued at $657,000 after acquiring an additional 2,003 shares during the period. SBI Securities Co. Ltd. boosted its stake in Netflix by 18.3% during the third quarter. SBI Securities Co. Ltd. now owns 197,813 shares of the Internet television network's stock worth $13,764,000 after acquiring an additional 30,611 shares in the last quarter. Finally, Reyes Financial Architecture Inc. boosted its stake in Netflix by 332.9% during the third quarter. Reyes Financial Architecture Inc. now owns 1,498 shares of the Internet television network's stock worth $104,000 after acquiring an additional 1,152 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Investors are treating the sell-off as a potential buying opportunity. Netflix beat third-quarter EPS expectations, generated $12.87 billion in revenue, and increased operating income 34.6% year over year. Several analysts—including UBS, JPMorgan, Bank of America, and TD Cowen—retained positive ratings despite lowering price targets. Stock Market Today, Oct. 22: Netflix Rises as Investors Capitalize on Post-Earnings Sell-Off
• Positive Sentiment: Netflix’s valuation has become more attractive after the decline, with investors emphasizing rising profits, more than 300 million subscribers, pricing power, and potential long-term growth from advertising, live events, and international content. The company’s buybacks are substantial, although management appears to follow a systematic rather than opportunistic repurchase strategy. The Truth About Netflix’s Massive Stock Buybacks
• Neutral Sentiment: Management continues to target double-digit revenue growth and expects advertising revenue to grow more than 80% in 2026. Netflix is investing in original programming, theatrical releases, live sports, and events such as NFL games, but executives acknowledge that viewer-hour growth and content execution need to improve.
• Negative Sentiment: The principal pressure is Netflix’s fourth-quarter outlook: EPS guidance of $0.67 trails the $0.73 consensus, while projected revenue of $13.4 billion is below the $13.5 billion estimate. Full-year revenue guidance was also slightly reduced. ETFs in Focus as Netflix Shares Tumble Amid Q3 Earnings Beat, Guidance Cut
• Negative Sentiment: Netflix cut its 2026 advertising-revenue forecast from approximately $3 billion to $2.7 billion, reinforcing concerns about slower growth, delayed ad execution, weaker engagement, and competition from YouTube, TikTok, and lower-cost streaming options. Multiple analysts consequently lowered price targets, while Needham downgraded the stock to Hold. Why Netflix Stock Dropped Today

Netflix Stock Performance

Shares of Netflix stock opened at $67.05 on Friday. The stock has a market cap of $279.19 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 0.92 and a beta of 1.62. The firm's 50-day moving average is $74.52 and its 200 day moving average is $79.74. Netflix, Inc. has a 1 year low of $64.10 and a 1 year high of $116.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.07 and a quick ratio of 1.14.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, beating the consensus estimate of $0.82 by $0.05. The company had revenue of $12.87 billion for the quarter, compared to the consensus estimate of $12.87 billion. Netflix had a net margin of 29.69% and a return on equity of 42.69%. Netflix's revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 3.58 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 105,850 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $73.03, for a total transaction of $7,730,225.50. Following 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 filing with the SEC, which is available through the SEC website. 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 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 sale, the chief financial officer directly owned 73,787 shares of the company's stock, valued at $5,592,316.73. This trade represents a 11.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 179,045 shares of company stock valued at $13,132,194. 1.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Rothschild & Co Redburn cut their price objective on shares of Netflix from $120.00 to $93.00 and set a "buy" rating on the stock in a report on Tuesday, July 21st. Loop Capital lowered their target price on shares of Netflix from $115.00 to $95.00 and set a "buy" rating for the company in a report on Friday, July 24th. Guggenheim dropped their price target on Netflix from $80.00 to $78.00 and set a "buy" rating on the stock in a research report on Wednesday. Pivotal Research reissued a "hold" rating and issued a $65.00 price target (down from $70.00) on shares of Netflix in a research report on Wednesday. Finally, Itau BBA Securities cut their price target on Netflix from $151.40 to $96.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average target price of $89.59.

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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