Netflix, Inc. $NFLX Stock: B. Riley Wealth Advisors Inc. Increases Stake

Key Points

• B. Riley Wealth Advisors increased its Netflix stake by 89.5% in the third quarter, acquiring 88,605 additional shares for a total of 187,572 shares valued at approximately $13.1 million. Institutional investors collectively own 80.93% of Netflix.
• Netflix shares were trading at $70.46, near the lower end of their 12-month range, while analysts maintained a consensus “Moderate Buy” rating with an average price target of $94.53.
• Insiders sold shares recently, including CEO Theodore Sarandos’ sale of 105,850 shares under a Rule 10b5-1 plan. Despite the sales, Netflix reported 13.4% year-over-year revenue growth in its latest quarter and exceeded earnings expectations.

B. Riley Wealth Advisors Inc. raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 89.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,572 shares of the Internet television network's stock after acquiring an additional 88,605 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Netflix were worth $13,051,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Krilogy Financial LLC lifted its position in shares of Netflix by 36.5% during the 3rd quarter. Krilogy Financial LLC now owns 47,157 shares of the Internet television network's stock worth $3,330,000 after buying an additional 12,603 shares in the last quarter. Fagan Associates Inc. boosted its stake in shares of Netflix by 2.1% in the 3rd quarter. Fagan Associates Inc. now owns 59,675 shares of the Internet television network's stock worth $4,152,000 after buying an additional 1,225 shares during the last quarter. Lineweaver Wealth Advisors LLC grew its holdings in shares of Netflix by 10.0% in the third quarter. Lineweaver Wealth Advisors LLC now owns 12,936 shares of the Internet television network's stock valued at $900,000 after acquiring an additional 1,173 shares in the last quarter. Forvis Mazars Wealth Advisors LLC grew its holdings in shares of Netflix by 2.4% in the third quarter. Forvis Mazars Wealth Advisors LLC now owns 18,325 shares of the Internet television network's stock valued at $1,275,000 after acquiring an additional 438 shares in the last quarter. Finally, Davis Rea LTD. grew its holdings in shares of Netflix by 24.3% in the third quarter. Davis Rea LTD. now owns 127,956 shares of the Internet television network's stock valued at $8,903,000 after acquiring an additional 25,000 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Down 0.2%

NASDAQ:NFLX opened at $70.46 on Wednesday. Netflix, Inc. has a 12 month low of $65.08 and a 12 month high of $124.86. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. The firm's 50 day moving average is $75.34 and its 200 day moving average is $81.03. The stock has a market capitalization of $293.39 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.00 and a beta of 1.62.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $12.58 billion. During the same period in the prior year, the company earned $0.72 earnings per share. Netflix's revenue was up 13.4% compared to the same quarter last year. Sell-side analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on NFLX shares. China Intl Cap raised Netflix to a "strong-buy" rating in a research report on Tuesday, July 21st. BMO Capital Markets reissued an "outperform" rating on shares of Netflix in a research report on Tuesday, September 22nd. Piper Sandler restated an "overweight" rating and issued a $85.00 price objective (down from $115.00) on shares of Netflix in a research note on Friday, July 17th. DZ Bank restated a "buy" rating on shares of Netflix in a research note on Monday, July 20th. Finally, CLSA assumed coverage on Netflix in a research report on Monday, July 20th. They set an "outperform" rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $94.53.

Insider Activity

In other news, CEO Theodore Sarandos sold 105,850 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $73.03, for a total transaction of $7,730,225.50. Following the transaction, the chief executive officer owned 206,266 shares of the company's stock, valued at $15,063,605.98. This represents a 33.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard Barton sold 2,160 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $75.10, for a total value of $162,216.00. Following the transaction, the director owned 246 shares of the company's stock, valued at $18,474.60. The trade was a 89.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 179,045 shares of company stock worth $13,132,194. 1.24% of the stock is owned by company insiders.

Key Netflix News

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.

Netflix Company Profile

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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