Netflix, Inc. $NFLX Shares Acquired by Boomfish Wealth Group LLC

Key Points

• Boomfish Wealth Group increased its Netflix stake by 91.5% in the third quarter, adding 16,510 shares for a total of 34,547 shares valued at approximately $2.4 million.
• Netflix insiders sold 179,045 shares worth about $13.1 million during the quarter, including sales by CEO Theodore Sarandos and director Richard Barton; insiders own 1.24% of the company.
• Netflix exceeded third-quarter EPS expectations with $0.87 per share and reported $12.87 billion in revenue, but weaker advertising and free-cash-flow outlooks prompted several analysts to reduce price targets. The stock carried a “Moderate Buy” consensus rating with an $89.59 average price target.

Boomfish Wealth Group LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 91.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,547 shares of the Internet television network's stock after acquiring an additional 16,510 shares during the quarter. Boomfish Wealth Group LLC's holdings in Netflix were worth $2,404,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Capital Advisory LLC lifted its holdings in Netflix by 0.8% during the first quarter. American Capital Advisory LLC now owns 13,990 shares of the Internet television network's stock valued at $1,345,000 after purchasing an additional 109 shares in the last quarter. CWS Financial Advisors LLC boosted its stake in Netflix by 3.2% during the first quarter. CWS Financial Advisors LLC now owns 3,612 shares of the Internet television network's stock worth $347,000 after buying an additional 112 shares during the period. Warner Group LLC increased its position in shares of Netflix by 2.2% during the first quarter. Warner Group LLC now owns 5,230 shares of the Internet television network's stock valued at $503,000 after acquiring an additional 114 shares during the last quarter. Financial Avengers Inc. increased its position in shares of Netflix by 9.8% during the first quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network's stock valued at $124,000 after acquiring an additional 115 shares during the last quarter. Finally, PAX Financial Group LLC boosted its position in shares of Netflix by 2.5% during the 1st quarter. PAX Financial Group LLC now owns 4,847 shares of the Internet television network's stock worth $466,000 after purchasing an additional 116 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other Netflix news, Director Richard Barton sold 720 shares of the business's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $75.27, for a total transaction of $54,194.40. Following the sale, the director owned 2,460 shares in the company, valued at approximately $185,164.20. The trade was a 22.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore Sarandos sold 27,312 shares of Netflix stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total value of $2,003,335.20. Following the sale, the chief executive officer directly owned 178,954 shares of the company's stock, valued at approximately $13,126,275.90. The trade was a 13.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Over the last quarter, insiders sold 179,045 shares of company stock valued at $13,132,194. Corporate insiders own 1.24% of the company's stock.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix reported third-quarter EPS of $0.87, ahead of the $0.82 consensus estimate, while revenue reached $12.87 billion. Operating margin rose to 34.6%, supporting the argument that the core streaming business remains highly profitable. Can Netflix Stock Hold Margin Gains as Content Spending Keeps Growing?
• Positive Sentiment: Longer-term bulls argue that Netflix’s profitability, systematic share repurchases, local-language content, and continued subscriber retention could create meaningful upside after the sell-off. Bill Ackman has also returned to the stock and expects annualized returns above 20%. Bill Ackman Lost $400 Million on Netflix
• Positive Sentiment: Ark Invest’s Cathie Wood bought 18,000 Netflix shares, signaling that some growth-oriented investors view the two-year-low valuation as an opportunity. Cathie Wood Just Bought Netflix Stock
• Neutral Sentiment: Netflix is reportedly planning layoffs at its Bay Area headquarters. The cuts could reduce costs, but they also raise questions about operating priorities and employee productivity. Netflix Stock Slips as Layoffs Hit Bay Area Headquarters
• Neutral Sentiment: Paramount Skydance’s completed merger highlights intensifying competition for scale and content across the entertainment industry, potentially increasing pressure on Netflix to sustain its content advantage. Could Skydance Be Bigger Than Disney?
• Negative Sentiment: Management reduced its 2026 advertising-revenue outlook to approximately $2.7 billion from about $3 billion. Softer ad growth undermines a major part of Netflix’s expansion thesis and overshadowed the earnings beat. Netflix Cut Its 2026 Ad Forecast by $300 Million
• Negative Sentiment: Disappointing fourth-quarter revenue guidance and decelerating growth have led investors to discount the strong quarterly results. Netflix’s reduced 2026 free-cash-flow outlook is another concern as content spending continues to rise. Netflix Has Lower FCF Guidance
• Negative Sentiment: Several analysts lowered their price targets or ratings after the report. One fair-value estimate fell from $92.62 to $86.24, while UBS, Guggenheim, and Needham adopted more cautious views. Netflix Stock Fair Value Falls After Cautious Q3 Analyst Revisions
• Negative Sentiment: Reports indicate viewing time is declining even though subscribers are staying, suggesting weaker engagement. YouTube and lower-cost streaming alternatives may also be contributing to slower revenue growth. Netflix Is Losing Viewers

Analysts Set New Price Targets

Several brokerages have recently issued reports on NFLX. Rosenblatt Securities set a $71.00 price target on shares of Netflix and gave the stock a "neutral" rating in a research report on Wednesday. Loop Capital dropped their target price on Netflix from $115.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Barclays set a $65.00 price target on Netflix and gave the company an "equal weight" rating in a research note on Wednesday. TD Cowen reaffirmed a "buy" rating and set a $100.00 price objective on shares of Netflix in a research report on Wednesday. Finally, Seaport Research Partners set a $85.00 target price on Netflix in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.59.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $65.85 on Friday. The business's 50-day simple moving average is $74.27 and its 200 day simple moving average is $79.64. Netflix, Inc. has a one year low of $64.10 and a one year high of $116.73. The company has a market cap of $270.40 billion, a P/E ratio of 22.88, a PEG ratio of 0.98 and a beta of 1.62. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.07.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The business had revenue of $12.87 billion during the quarter, compared to the consensus estimate of $12.87 billion. During the same quarter last year, the company earned $0.59 earnings per share. The business's quarterly revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

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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