Netflix, Inc. $NFLX Position Decreased by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp cut its Netflix stake by 20.5% in the third quarter, selling 387,612 shares and retaining 1,501,516 shares valued at about $104.5 million.
• Netflix reported quarterly EPS of $0.87, beating the $0.82 consensus estimate; revenue was $12.87 billion, up 11.9% year over year and in line with estimates.
• Analysts’ average rating was “Moderate Buy,” with an average price target of $89.14. Institutional investors and hedge funds held 80.93% of the company’s stock.

Fifth Third Bancorp cut its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 20.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,501,516 shares of the Internet television network's stock after selling 387,612 shares during the period. Fifth Third Bancorp's holdings in Netflix were worth $104,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nykredit A S acquired a new stake in shares of Netflix during the 2nd quarter worth approximately $105,697,000. Rockland Trust Co. raised its position in shares of Netflix by 27.5% during the 3rd quarter. Rockland Trust Co. now owns 219,221 shares of the Internet television network's stock valued at $15,253,000 after buying an additional 47,339 shares during the period. Boomfish Wealth Group LLC lifted its holdings in Netflix by 91.5% in the third quarter. Boomfish Wealth Group LLC now owns 34,547 shares of the Internet television network's stock valued at $2,404,000 after acquiring an additional 16,510 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Netflix in the second quarter valued at approximately $37,743,000. Finally, Sarasin & Partners LLP lifted its holdings in Netflix by 10.5% in the second quarter. Sarasin & Partners LLP now owns 2,736,198 shares of the Internet television network's stock valued at $195,365,000 after acquiring an additional 259,794 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Up 2.0%

Shares of NASDAQ:NFLX opened at $64.54 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $265.02 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 0.93 and a beta of 1.62. The firm's 50-day moving average is $70.00 and its two-hundred day moving average is $80.65. Netflix, Inc. has a 1 year low of $61.39 and a 1 year high of $116.73.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.05. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The company had revenue of $12.87 billion for the quarter, compared to analyst estimates of $12.87 billion. During the same period in the prior year, the business earned $0.59 EPS. The firm's quarterly revenue was up 11.9% on a year-over-year basis. Analysts predict that Netflix, Inc. will post 3.59 EPS for the current year.

Analyst Ratings Changes

NFLX has been the subject of several analyst reports. Citizens Jmp reiterated a "market perform" rating on shares of Netflix in a research report on Wednesday, October 21st. Itau BBA Securities decreased 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. Needham & Company LLC cut Netflix from a "buy" rating to a "hold" rating in a report on Wednesday, October 21st. KeyCorp cut their price objective on Netflix from $92.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, October 13th. Finally, Robert W. Baird set a $90.00 price objective on Netflix and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $89.14.

Key Netflix News

Investors following NFLX have been watching these news items:

• Neutral Sentiment: A lender is marketing a loan tied to a Hollywood office campus fully leased to Netflix through 2031. The loan is associated with the property owner, Clarion Partners, rather than being reported as Netflix’s own debt. Article: Clarion Partners’ loan on Netflix-occupied Hollywood campus hits market
• Negative Sentiment: Reports say NFLX has fallen 53% from its June 2025 peak, amid slowing viewer engagement, YouTube competition and investor doubts about the expense of its content strategy. The stock is near its 52-week low, reinforcing concerns about its growth outlook. Article: Netflix Wipes Out Five Years of Gains
• Negative Sentiment: Co-CEO Gregory Peters sold 27,312 shares, reducing his direct holdings by 18.61%. The sale may add to near-term caution, although the filing alone does not establish the reason for the transaction. Article: Netflix CEO Gregory Peters Sells 27,312 Shares

Insider Buying and Selling at Netflix

In related news, CEO Theodore A. Sarandos sold 27,312 shares of Netflix stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $66.20, for a total value of $1,808,054.40. Following the completion of the transaction, the chief executive officer directly owned 178,954 shares in the company, valued at approximately $11,846,754.80. This trade represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction on Monday, November 9th. The shares were sold at an average price of $63.62, for a total value of $1,737,589.44. Following the completion of the transaction, the chief executive officer owned 119,412 shares of the company's stock, valued at approximately $7,596,991.44. This trade represents a 18.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 89,024 shares of company stock valued at $5,788,733. Insiders own 1.24% of the company's stock.

Netflix Profile

Netflix, Inc. is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand. Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.

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