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

Key Points

• Sax Wealth Advisors increased its Netflix stake by 57.5% in the third quarter, bringing its holdings to 54,371 shares worth approximately $3.78 million. Institutional investors collectively own 80.93% of the company.
• Netflix executives recently sold shares, including CFO Spencer Neumann and CEO Gregory Peters; insiders have sold roughly 179,045 shares worth $13.1 million over the past 90 days.
• Netflix shares opened at $70.46, well below their 52-week high of $124.86. Analysts maintain a consensus “Moderate Buy” rating with a $94.53 target, but concerns include valuation, competition, content performance and upcoming earnings expectations.

Sax Wealth Advisors LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 57.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,371 shares of the Internet television network's stock after acquiring an additional 19,848 shares during the period. Sax Wealth Advisors LLC's holdings in Netflix were worth $3,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Netflix during the 2nd quarter worth $26,000. Compound Global Advisors LLC purchased a new stake in shares of Netflix during the second quarter worth $29,000. Burnham & Co LLC purchased a new stake in shares of Netflix during the second quarter worth $29,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of Netflix in the first quarter valued at about $31,000. Finally, Bayban raised its position in shares of Netflix by 400.0% in the first quarter. Bayban now owns 350 shares of the Internet television network's stock valued at $34,000 after buying an additional 280 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix secured exclusive rights to broadcast the 2030 FIFA World Cup in Spain and Andorra. The deal could increase engagement, subscriber retention and advertising opportunities, though its financial impact was not disclosed. Netflix Stock Scores as It Lands 2030 World Cup Rights
• Positive Sentiment: KeyCorp lowered its price target to $85 from $92 but retained an Overweight rating, implying substantial upside from recent trading levels. The firm identified four potential recovery levers, including stronger execution on advertising, content and growth initiatives. KeyBanc Sees Four Ways to Recover
• Neutral Sentiment: Netflix reports third-quarter results on Oct. 20. Wall Street will be watching whether revenue growth can meet guidance of about 12%, whether advertising is scaling and whether free cash flow rebounds after declining in the prior quarter. Netflix Earnings and Free Cash Flow
• Neutral Sentiment: Some investors remain bullish because Netflix continues to post high margins, growing sales and a rising subscriber base. International regions are expanding faster than the U.S. and Canada, but the home market still contributes about 43% of second-quarter revenue and grew only 10%. Netflix Stock Prediction for 2027
• Negative Sentiment: Huber Research issued a rare double downgrade, moving Netflix from Buy to Sell and citing concerns about valuation, weaker viewership and intensifying competition from platforms such as YouTube. Netflix Double Downgraded by Huber Research
• Negative Sentiment: Additional bearish coverage points to content-quality concerns, slowing growth across regions, possible large-scale layoffs and uncertainty over Netflix’s ability to sustain its premium valuation. Erste Group also slightly reduced its 2027 EPS forecast.

Insider Activity

In related 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 value of $700,905.92. Following the completion of the sale, the chief financial officer 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 document filed with the SEC, which can be accessed through this link. Also, 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 transaction 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 $8,893,265.74. This represents a 18.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 179,045 shares of company stock worth $13,132,194. Insiders own 1.24% of the company's stock.

Netflix Stock Down 0.2%

Shares of NASDAQ:NFLX opened at $70.46 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average of $75.34 and a two-hundred day moving average of $81.03. The stock has a market cap of $293.39 billion, a P/E ratio of 22.18, a PEG ratio of 1.00 and a beta of 1.62. Netflix, Inc. has a 52-week low of $65.08 and a 52-week high of $124.86.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its 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. Netflix had a return on equity of 40.02% and a net margin of 28.22%. The business had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. During the same period last year, the company earned $0.72 EPS. The company's revenue for the quarter was up 13.4% on a year-over-year basis. On average, research analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company downgraded shares of Netflix from a "neutral" rating to an "underweight" rating and decreased their price target for the stock from $80.00 to $57.00 in a research note on Friday, September 18th. Jefferies Financial Group lowered their price target on shares of Netflix from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, July 17th. Rothschild & Co Redburn dropped their price objective on shares of Netflix from $120.00 to $93.00 and set a "buy" rating for the company in a research note on Tuesday, July 21st. New Street Research upped their price objective on shares of Netflix from $96.00 to $102.00 and gave the company a "neutral" rating in a research note on Friday, July 17th. Finally, KeyCorp cut their price objective on shares of Netflix from $92.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.53.

About Netflix

Netflix, Inc NASDAQ: NFLX is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.

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