Netflix, Inc. $NFLX Shares Sold by LaFleur & Godfrey LLC

Key Points

• LaFleur & Godfrey LLC cut its Netflix position by 38.7% in the third quarter, selling 77,577 shares and retaining 123,067 shares valued at approximately $8.56 million. Institutional investors collectively own 80.93% of Netflix.
• Netflix exceeded third-quarter earnings expectations, posting $0.87 in EPS on $12.87 billion in revenue, up 11.9% year over year. However, weaker fourth-quarter guidance, moderating viewer engagement and concerns about advertising growth have pressured the stock.
• Netflix shares opened at $61.99, near their 12-month low of $61.51, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $89.14. Several firms recently lowered their targets despite continued optimism about margins, free cash flow and international growth.

LaFleur & Godfrey LLC lowered its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 38.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,067 shares of the Internet television network's stock after selling 77,577 shares during the period. LaFleur & Godfrey LLC's holdings in Netflix were worth $8,563,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Netflix during the second quarter valued at approximately $26,000. Sawyer & Company Inc purchased a new stake in shares of Netflix in the 3rd quarter worth approximately $27,000. Compound Global Advisors LLC purchased a new stake in shares of Netflix in the 2nd quarter worth approximately $29,000. Burnham & Co LLC purchased a new stake in shares of Netflix in the 2nd quarter worth approximately $29,000. Finally, Bayban grew its stake in shares of Netflix by 400.0% in the 1st quarter. Bayban now owns 350 shares of the Internet television network's stock worth $34,000 after buying an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 5,723 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total transaction of $416,920.55. Following the transaction, the insider directly owned 316,100 shares of the company's stock, valued at $23,027,885. This represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Neumann sold 9,248 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $75.79, for a total value of $700,905.92. Following the sale, the chief financial officer directly owned 73,787 shares in the company, valued at $5,592,316.73. This trade represents a 11.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 197,025 shares of company stock worth $14,283,453. 1.24% of the stock is owned by corporate insiders.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix exceeded third-quarter earnings expectations, reporting $0.87 in EPS versus the $0.82 consensus estimate. Revenue reached $12.87 billion, up 11.9% year over year, while management expects operating margins to expand to 31.5% in 2026 from 29.5% in 2025. Netflix and ServiceNow Have Fallen More Than 30%
• Positive Sentiment: Netflix’s advertising business remains a potential growth driver, with advertising revenue expected to increase more than 80% in 2026. Bullish analysts also point to strong free cash flow, a healthy balance sheet, international growth and ongoing margin expansion as support for the long-term investment case. Netflix's Advertising Business Expands Rapidly
• Neutral Sentiment: Netflix is preparing to release The Altruists, a dramatization of the FTX collapse featuring actor Anthony Boyle as Sam Bankman-Fried. The series could provide additional attention and engagement, although its direct financial impact is uncertain. Sam Bankman-Fried Wrote to Actor Portraying Him
• Neutral Sentiment: A director sold 17,980 shares worth approximately $1.15 million under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by 18.4%, but its planned nature makes it a limited signal of management sentiment. Netflix Director SEC Filing
• Negative Sentiment: The primary pressure on NFLX is weaker fourth-quarter revenue guidance and evidence that growth is moderating. Investors viewed the outlook as disappointing despite the EPS beat, prompting a sharp selloff and pushing the stock near its lowest level since 2024. Netflix Is Making Big Changes
• Negative Sentiment: Netflix’s advertising rollout has faced delays, and its approximately $2 billion 2026 advertising-revenue forecast has been viewed as a reduction from earlier expectations. Competition from YouTube and other streaming platforms is raising questions about whether Netflix can sustain ad momentum. Netflix Advertising Momentum
• Negative Sentiment: Reports that viewers are watching less Netflix have intensified concerns about engagement, cultural relevance and competition from short-form video. Needham downgraded the stock to Hold and Wolfe Research to Peer Perform, while several firms lowered price targets. ETF selling has added to near-term technical pressure. Netflix Stock Falls on Report That Viewers Watch Less

Netflix Price Performance

Shares of NASDAQ NFLX opened at $61.99 on Thursday. Netflix, Inc. has a twelve month low of $61.51 and a twelve month high of $116.73. The firm has a market cap of $254.55 billion, a P/E ratio of 17.92, a PEG ratio of 0.96 and a beta of 1.62. The company has a 50 day moving average of $73.40 and a 200 day moving average of $81.85. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.43.

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 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 business had revenue of $12.87 billion for the quarter, compared to analysts' expectations of $12.87 billion. During the same period in the prior year, the firm posted $0.59 EPS. The firm's quarterly revenue was up 11.9% on a year-over-year basis. As a group, research analysts expect that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NFLX. Oppenheimer reiterated an "outperform" rating and set a $80.00 price objective (down from $85.00) on shares of Netflix in a research note on Wednesday, October 21st. Bank of America cut their target price on Netflix from $105.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, October 21st. Itau BBA Securities reduced their price target on Netflix from $151.40 to $96.00 and set an "outperform" rating for the company in a report on Wednesday, August 5th. Canaccord Genuity Group set a $110.00 price target on Netflix in a research report on Wednesday, October 21st. Finally, Phillip Securities lowered Netflix from a "strong-buy" rating to a "moderate buy" rating in a research report on Friday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.14.

Netflix Company 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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