Netflix, Inc. $NFLX Shares Newly Acquired by Letko Brosseau & Associates Inc.

Key Points

• Letko Brosseau & Associates initiated a Netflix position in the third quarter, buying 539,960 shares valued at approximately $37.6 million. Institutional investors collectively owned 80.93% of the company’s stock.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $89.14; shares opened at $62.69, near their reported one-year low.
• Netflix reported quarterly EPS of $0.87, beating estimates of $0.82, while revenue of $12.87 billion matched estimates and rose 11.9% year over year. Company insiders also sold shares during the quarter.

Letko Brosseau & Associates Inc. purchased a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 539,960 shares of the Internet television network's stock, valued at approximately $37,570,000.

Several other institutional investors also recently added to or reduced their stakes in NFLX. Financial Avengers Inc. boosted its position in Netflix by 9.8% in the 1st quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network's stock valued at $124,000 after buying an additional 115 shares during the period. Wisconsin Wealth Advisors LLC grew its stake in Netflix by 2.6% in the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 5,324 shares of the Internet television network's stock worth $380,000 after acquiring an additional 136 shares in the last quarter. Alternative Investment Advisors LLC. increased its position in shares of Netflix by 4.8% during the second quarter. Alternative Investment Advisors LLC. now owns 3,230 shares of the Internet television network's stock worth $231,000 after acquiring an additional 147 shares during the period. Boyce & Associates Wealth Consulting Inc. increased its position in shares of Netflix by 3.7% during the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 4,170 shares of the Internet television network's stock worth $290,000 after acquiring an additional 150 shares during the period. Finally, Monument Capital Management increased its position in shares of Netflix by 1.4% during the third quarter. Monument Capital Management now owns 10,912 shares of the Internet television network's stock worth $759,000 after acquiring an additional 151 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

NFLX has been the subject of several research analyst reports. Barclays set a $65.00 price target on shares of Netflix and gave the company an "equal weight" rating in a research note on Wednesday, October 21st. Seaport Research Partners set a $85.00 price objective on Netflix in a research note on Wednesday, October 21st. Citizens Jmp reissued a "market perform" rating on shares of Netflix in a research note on Wednesday, October 21st. Jefferies Financial Group set a $85.00 price objective on Netflix and gave the stock a "buy" rating in a report on Thursday, October 15th. Finally, China Renaissance reduced their price objective on Netflix from $100.00 to $80.00 and set a "hold" rating on the stock in a report on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $89.14.

Insider Buying and Selling at Netflix

In other news, Director Bradford L. Smith sold 17,980 shares of Netflix stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $64.03, for a total value of $1,151,259.40. Following the transaction, the director owned 79,690 shares of the company's stock, valued at $5,102,550.70. The trade was a 18.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore A. Sarandos sold 27,312 shares of Netflix stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $66.20, for a total transaction 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. The trade was a 13.24% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 89,024 shares of company stock valued at $5,788,733. 1.24% of the stock is currently owned by corporate insiders.

Netflix Trading Down 2.9%

Shares of NASDAQ NFLX opened at $62.69 on Friday. Netflix, Inc. has a 1-year low of $61.39 and a 1-year high of $116.73. The business has a fifty day moving average price of $69.59 and a 200 day moving average price of $80.54. The stock has a market capitalization of $257.43 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 0.94 and a beta of 1.62. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.07 and a quick ratio of 1.07.

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

Key Netflix News

These are some of the NFLX news items that stood out recently:

• Neutral Sentiment: Following a sharp decline, NFLX trades at under 18 times earnings, which may appeal to value-focused investors; the low multiple also reflects concerns about the company’s growth outlook. Article: Netflix trades under 18x earnings after a steep valuation reset
• Negative Sentiment: Investors remain concerned about slowing engagement, YouTube competition and rising content costs. Coverage says these pressures have eroded confidence and contributed to Netflix shares losing ground from their 2025 peak. Article: Netflix Wipes Out Five Years of Gains
• Negative Sentiment: Co-CEO Gregory Peters sold 27,312 shares for about $1.74 million, reducing his direct holdings by 18.6%. The sale may add to near-term investor caution, though the report does not state the reason for the transaction. Article: Netflix CEO Gregory Peters Sells 27,312 Shares of 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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.