Netflix, Inc. $NFLX Shares Sold by AIA Group Ltd

Key Points

• AIA Group cut its Netflix stake by 14.4% in the third quarter, selling 66,627 shares and retaining 394,811 shares valued at about $27.5 million.
• Institutional ownership remains high at 80.93%, with several major investors—including State Street and Bank of America—increasing their positions.
• Analysts held a consensus “Moderate Buy” rating with an average price target of $89.14; meanwhile, Netflix reported quarterly EPS of $0.87, above estimates, and 11.9% year-over-year revenue growth.

AIA Group Ltd reduced its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 14.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 394,811 shares of the Internet television network's stock after selling 66,627 shares during the quarter. AIA Group Ltd's holdings in Netflix were worth $27,471,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Netflix during the second quarter valued at $24,902,221,000. State Street Corp boosted its position in shares of Netflix by 4.9% in the 2nd quarter. State Street Corp now owns 180,129,582 shares of the Internet television network's stock valued at $12,861,252,000 after purchasing an additional 8,474,820 shares during the period. Bank of America Corp DE increased its stake in Netflix by 4.3% in the 1st quarter. Bank of America Corp DE now owns 57,942,812 shares of the Internet television network's stock worth $5,571,201,000 after purchasing an additional 2,376,349 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Netflix in the 2nd quarter worth about $1,906,482,000. Finally, Legal & General Group Plc purchased a new position in Netflix in the 2nd quarter worth about $1,886,526,000. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NFLX. Wedbush decreased their target price on Netflix from $105.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, October 16th. KGI Securities downgraded Netflix from an "outperform" rating to a "neutral" rating and set a $75.00 price target on the stock. in a report on Friday, July 17th. President Capital dropped their price target on Netflix from $134.00 to $83.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. Daiwa Securities Group reduced their price objective on Netflix from $102.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, July 22nd. Finally, Weiss Ratings lowered Netflix from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $89.14.

Insider Transactions at Netflix

In other news, Director Bradford Smith sold 17,980 shares of the firm's stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $64.03, for a total transaction of $1,151,259.40. Following the completion of the sale, the director directly owned 79,690 shares of the company's stock, valued at $5,102,550.70. This trade represents a 18.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Peters sold 27,312 shares of Netflix 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 sale, the chief executive officer owned 120,931 shares of the company's stock, valued at approximately $8,893,265.74. This represents a 18.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 55,980 shares of company stock valued at $3,970,756. 1.24% of the stock is currently owned by company insiders.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is rolling out an “AI Discover” tab, beginning with recommendations based on users’ moods. Better content discovery could encourage more viewing and support the company’s advertising ambitions. Article: Netflix's new AI Discover tab helps you find something to watch based on your mood
• Positive Sentiment: Netflix hired former Google executive Darshan Kantak to lead its ads platform, a move that may strengthen its push to grow advertising revenue. Article: Netflix hires Darshan Kantak to lead ads platform
• Neutral Sentiment: Some commentary argues Netflix’s valuation is comparatively low and that continued revenue growth could offer long-term upside. These are investor opinions, not new company guidance or confirmed catalysts. Article: Netflix Trades at a Discount to the S&P 500's Valuation. Is It Deserved?
• Negative Sentiment: Netflix trimmed its 2026 advertising-revenue forecast to about $2.7 billion and flagged softer engagement. The concerns may weigh on expectations for ad growth, even as the company forecasts a 31.5% full-year operating margin. Article: How Investors May Respond To Netflix Lower Ad Revenue Guidance
• Negative Sentiment: Reports say Netflix is cutting roughly 2%–3% of staff at its London hub, following a broader plan to eliminate about 1,000 roles. The restructuring adds to uncertainty about the company’s operations and growth outlook. Article: Netflix cuts UK staff and parts with production head Anna Mallett, report says

Netflix Trading Up 1.7%

NASDAQ NFLX opened at $63.42 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a 1-year low of $61.39 and a 1-year high of $116.73. The firm's fifty day simple moving average is $72.00 and its 200-day simple moving average is $81.31. The company has a market capitalization of $260.42 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 0.91 and a beta of 1.62.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.05. The firm had revenue of $12.87 billion during the quarter, compared to analysts' expectations of $12.87 billion. Netflix had a return on equity of 42.69% and a net margin of 29.69%. The business's revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 earnings per share. As a group, sell-side analysts anticipate that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

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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