Netflix, Inc. $NFLX Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. trimmed its Netflix stake by 3.3% in Q3, selling 13,712 shares and leaving it with 399,667 shares (about $479.5M), making Netflix roughly 0.5% of its portfolio and its 17th-largest holding.
• Significant insider selling has occurred recently — directors and executives (including the CEO) sold large blocks, with insiders offloading 1,520,133 shares worth $137.3M in the last 90 days, leaving insiders owning about 1.37% of the company.
• Market catalysts are mixed but tilted positive: Netflix walked away from the Warner Bros. Discovery deal (securing a breakup fee), acquired AI filmmaking startup InterPositive, and received a CFRA upgrade, supporting a consensus "Moderate Buy" and a ~$115.79 price target.

Russell Investments Group Ltd. decreased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 399,667 shares of the Internet television network's stock after selling 13,712 shares during the quarter. Netflix comprises approximately 0.5% of Russell Investments Group Ltd.'s portfolio, making the stock its 17th biggest holding. Russell Investments Group Ltd. owned about 0.09% of Netflix worth $479,511,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bell Investment Advisors Inc grew its stake in shares of Netflix by 3.1% during the 2nd quarter. Bell Investment Advisors Inc now owns 298 shares of the Internet television network's stock worth $399,000 after purchasing an additional 9 shares during the period. Weaver Consulting Group lifted its stake in shares of Netflix by 4.1% in the second quarter. Weaver Consulting Group now owns 231 shares of the Internet television network's stock valued at $309,000 after purchasing an additional 9 shares during the period. Natural Investments LLC boosted its holdings in Netflix by 0.5% during the third quarter. Natural Investments LLC now owns 1,668 shares of the Internet television network's stock worth $1,999,000 after buying an additional 9 shares in the last quarter. Hengehold Capital Management LLC boosted its holdings in Netflix by 3.3% during the third quarter. Hengehold Capital Management LLC now owns 282 shares of the Internet television network's stock worth $338,000 after buying an additional 9 shares in the last quarter. Finally, Financial Partners Group Inc grew its position in Netflix by 0.9% during the third quarter. Financial Partners Group Inc now owns 969 shares of the Internet television network's stock worth $1,162,000 after buying an additional 9 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix walked away from its pursuit of Warner Bros. Discovery, securing a multi-billion-dollar breakup fee and removing an acquisition overhang that pressured the stock; management is refocusing on core streaming, ads and technology which investors view as capital-efficient. Netflix (NFLX) Is Up 16.6% After Walking Away From Warner Bros. Deal and Securing Breakup Fee
• Positive Sentiment: Netflix acquired InterPositive, Ben Affleck’s AI filmmaking startup, bringing the team in-house to build creator-focused production tools — a tech-forward move that supports cheaper, faster content production and reinforces Netflix’s AI strategy. Netflix buys Ben Affleck's AI filmmaking company InterPositive
• Positive Sentiment: CFRA upgraded Netflix to a "buy" with a $115 price target, adding fresh analyst endorsement that supports further upside. Benzinga - CFRA Upgrade
• Positive Sentiment: Analysts and commentators argue walking away from the WBD deal may benefit shareholders by preserving capital and focusing management on margin-accretive growth rather than a massive, risky acquisition. Why Netflix Rejecting Warner Bros Discovery May Benefit Shareholders
• Neutral Sentiment: Bank of America lowered its price target (from $149 to $125) but kept a "buy" rating — a mixed read: still supportive but reflecting more conservative upside assumptions. Benzinga - BofA Lowers Price Target
• Neutral Sentiment: Reports show external investors (including filings tied to President Trump’s trust) bought Netflix debt during the M&A drama — notable market activity but not a direct equity catalyst. Trump Was Quietly Loading Up On Netflix Bonds — While Talking Down Its Warner Bid
• Negative Sentiment: Insider selling: the CFO and other insiders have recently sold shares (large director/Chairman sales were reported), which can create investor concern about timing and leadership selling into strength. Insider Selling: Netflix CFO Sells Stock Netflix Chairman Reed Hastings Cashed Out $39.8M

Netflix Stock Performance

Netflix stock opened at $99.02 on Monday. Netflix, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $134.12. The company has a market capitalization of $418.08 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 1.41 and a beta of 1.68. The stock has a fifty day moving average of $86.30 and a two-hundred day moving average of $103.55. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.19.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $11.97 billion. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The business's revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 earnings per share. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NFLX shares. Canaccord Genuity Group set a $125.00 target price on shares of Netflix and gave the company a "buy" rating in a report on Wednesday, January 21st. Huber Research upgraded Netflix from a "strong sell" rating to a "strong-buy" rating in a report on Friday, February 27th. Weiss Ratings downgraded Netflix from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, January 22nd. Piper Sandler reaffirmed a "positive" rating and set a $103.00 price objective (down from $140.00) on shares of Netflix in a report on Wednesday, January 21st. Finally, Moffett Nathanson decreased their target price on Netflix from $140.00 to $115.00 and set a "buy" rating on the stock in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.79.

Insider Buying and Selling

In other news, Director Bradford L. Smith sold 31,790 shares of the business's stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $88.86, for a total value of $2,824,859.40. Following the completion of the transaction, the director owned 79,690 shares of the company's stock, valued at $7,081,253.40. The trade was a 28.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 105,781 shares of the company's stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $82.94, for a total transaction of $8,773,476.14. Following the transaction, the chief executive officer directly owned 122,140 shares in the company, valued at $10,130,291.60. The trade was a 46.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,520,133 shares of company stock worth $137,259,786 in the last 90 days. 1.37% of the stock is currently owned by corporate insiders.

About Netflix

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company's primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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