Netflix, Inc. $NFLX Shares Purchased by Foster Victor Wealth Advisors LLC

Key Points

• Foster Victor Wealth Advisors increased its Netflix stake by 14.4% in the third quarter, bringing its holdings to 182,788 shares valued at approximately $12.8 million. Institutional investors collectively own 80.93% of Netflix.
• Netflix shares opened at $65.04, down 5.3%, despite the company reporting third-quarter EPS of $0.87, ahead of the $0.82 consensus, and revenue of $12.87 billion, up 11.9% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $89.94.
• Netflix insiders have been net sellers, with insiders selling 179,045 shares worth about $13.1 million over the past 90 days; the CFO and a director recently reduced their holdings.

Foster Victor Wealth Advisors LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 14.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 182,788 shares of the Internet television network's stock after purchasing an additional 23,012 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in Netflix were worth $12,768,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vest Financial LLC boosted its stake in shares of Netflix by 2.8% in the 3rd quarter. Vest Financial LLC now owns 82,668 shares of the Internet television network's stock valued at $5,752,000 after purchasing an additional 2,281 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of Netflix during the 3rd quarter valued at $11,936,000. Sage Private Wealth Group LLC raised its position in Netflix by 371.9% in the 3rd quarter. Sage Private Wealth Group LLC now owns 16,313 shares of the Internet television network's stock worth $1,135,000 after purchasing an additional 12,856 shares during the period. Clarity Wealth Advisors LLC raised its position in Netflix by 7.4% in the 3rd quarter. Clarity Wealth Advisors LLC now owns 11,711 shares of the Internet television network's stock worth $815,000 after purchasing an additional 811 shares during the period. Finally, PFS Partners LLC raised its position in Netflix by 1,265.8% in the 3rd quarter. PFS Partners LLC now owns 10,790 shares of the Internet television network's stock worth $751,000 after purchasing an additional 10,000 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Down 5.3%

Shares of Netflix stock opened at $65.04 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. Netflix, Inc. has a 52-week low of $64.10 and a 52-week high of $116.73. The company's 50 day moving average price is $74.74 and its 200-day moving average price is $79.96. The stock has a market capitalization of $270.82 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 0.97 and a beta of 1.62.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $12.87 billion. During the same period in the prior year, the business posted $0.59 EPS. The firm's revenue was up 11.9% compared to the same quarter last year. Equities research analysts forecast that Netflix, Inc. will post 3.59 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on NFLX shares. KGI Securities downgraded shares of Netflix from an "outperform" rating to a "neutral" rating and set a $75.00 price target for the company. in a research note on Friday, July 17th. Seaport Research Partners set a $85.00 price objective on Netflix in a research note on Wednesday. Itau BBA Securities decreased their price objective on Netflix from $151.40 to $96.00 and set an "outperform" rating on the stock in a report on Wednesday, August 5th. Citizens Jmp reiterated a "market perform" rating on shares of Netflix in a report on Wednesday. Finally, China Renaissance lowered their target price on Netflix from $100.00 to $80.00 and set a "hold" rating for the company in a research note on Friday, July 17th. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and a consensus price target of $89.94.

Insiders Place Their Bets

In other news, CFO Spencer Neumann sold 9,248 shares of the company's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares of the company's stock, valued at approximately $5,592,316.73. This represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 720 shares of the company's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $75.27, for a total transaction of $54,194.40. Following the transaction, the director directly owned 2,460 shares of the company's stock, valued at approximately $185,164.20. This trade represents a 22.64% 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. Over the last 90 days, insiders have sold 179,045 shares of company stock worth $13,132,194. 1.24% of the stock is currently owned by insiders.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix reported third-quarter EPS of $0.87, above the $0.82 consensus estimate, while revenue of $12.87 billion was essentially in line with expectations. Revenue increased about 12% year over year, operating margin expanded to 34.6%, and net income rose approximately 44%. Netflix Q3 earnings report
• Positive Sentiment: Some analysts remain constructive after the selloff. UBS, JPMorgan, Bank of America, TD Cowen and Guggenheim maintained positive ratings despite lowering price targets, while BMO described the decline as a potential buying opportunity. BMO post-earnings view
• Positive Sentiment: Management expects advertising revenue to grow more than 80% in 2026 and is betting on improved U.S. programming, live events and internationally successful local-language content to increase engagement and improve returns on content spending. Local-language content analysis

Netflix 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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