Netflix, Inc. $NFLX Shares Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP increased its Netflix stake by 4.8% in the second quarter, purchasing 129,228 shares to hold 2.83 million shares valued at approximately $202 million. Institutional investors and hedge funds own 80.93% of Netflix.
• Netflix insiders sold shares recently, including CEO Gregory Peters and Director Bradford Smith; insiders sold 215,035 shares worth about $15.9 million during the last quarter.
• Netflix reported quarterly revenue of $12.56 billion, up 13.4% year over year, and EPS of $0.80, slightly exceeding estimates. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $96.65, although some firms have lowered ratings or targets.

Corient Private Wealth LP lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,829,336 shares of the Internet television network's stock after buying an additional 129,228 shares during the quarter. Corient Private Wealth LP owned approximately 0.07% of Netflix worth $202,015,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NFLX. Imprint Wealth LLC acquired a new stake in shares of Netflix during the 3rd quarter worth about $25,000. Cornerstone Financial Management LLC purchased a new position in shares of Netflix during the 4th quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Netflix in the second quarter worth approximately $26,000. Atlas Capital Advisors Inc. purchased a new stake in Netflix in the fourth quarter valued at approximately $26,000. Finally, Jessup Wealth Management Inc purchased a new stake in Netflix in the fourth quarter valued at approximately $27,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Netflix news, CEO Gregory Peters sold 27,312 shares of the company's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $73.54, for a total value of $2,008,524.48. Following the completion of the sale, the chief executive officer directly owned 120,931 shares of the company's stock, valued at approximately $8,893,265.74. This represents a 18.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bradford Smith sold 35,990 shares of the business's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the completion of the sale, the director owned 79,690 shares in the company, valued at $6,177,568.80. The trade was a 31.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 215,035 shares of company stock worth $15,922,139 in the last quarter. 1.24% of the stock is currently owned by corporate insiders.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is benefiting from strong digital viewing and higher content consumption, supporting the broader outlook for broadcast, television and streaming companies. Broadcast and TV industry outlook
• Positive Sentiment: The company plans longer theatrical releases for six upcoming films and will report their box-office revenue, potentially creating an additional monetization channel and improving the economics of its film business. Netflix theatrical release strategy
• Positive Sentiment: Analysts continue to highlight Netflix’s advertising-tier potential, with one forecast calling for advertising revenue to surpass $6 billion in 2027. This would support growth beyond subscriptions if execution meets expectations.
• Neutral Sentiment: Options-market activity has attracted attention, but the available report does not identify a clear bullish or bearish positioning signal. Netflix options activity
• Neutral Sentiment: Director Richard Barton sold 720 shares worth about $54,194 under a pre-arranged Rule 10b5-1 plan. The relatively small, scheduled transaction offers limited insight into management’s current outlook. Netflix director stock sale
• Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day short ratio, an apparently inconsistent figure that provides no meaningful trading signal.
• Negative Sentiment: Florida sued Netflix for billions, alleging that it misled families and tracked children’s data for advertising. The case could create legal costs, reputational damage and uncertainty around the economics of the company’s fastest-growing advertising business. Florida lawsuit over Netflix children’s data
• Negative Sentiment: Recent commentary raised concerns about a weak second-quarter outlook and slowing demand momentum compared with some major media competitors. Netflix outlook concerns
• Negative Sentiment: A poll found that most Canadians support requiring streaming services to fund local content, signaling possible additional production obligations and regulatory costs for Netflix in Canada. Canadian streaming regulation

Netflix Stock Performance

NFLX opened at $77.40 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. The business's 50 day moving average is $75.71 and its 200-day moving average is $84.38. The stock has a market cap of $322.29 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 1.07 and a beta of 1.53. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $124.86.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.01. The company had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The firm's quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. On average, analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research analyst reports. Moffett Nathanson decreased their price target on shares of Netflix from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, July 17th. Stephens initiated coverage on Netflix in a research note on Friday, July 17th. They issued an "overweight" rating on the stock. JPMorgan Chase & Co. reiterated a "buy" rating on shares of Netflix in a report on Thursday, August 20th. KGI Securities downgraded shares of Netflix from an "outperform" rating to a "neutral" rating and set a $75.00 target price on the stock. in a research note on Friday, July 17th. Finally, Seaport Research Partners lowered shares of Netflix from a "buy" rating to a "neutral" rating in a report on Monday, July 20th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $96.65.

Netflix Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.

Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.

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