Netflix, Inc. $NFLX Stock Holdings Lifted by ZWJ Investment Counsel Inc.

Key Points

• ZWJ Investment Counsel increased its Netflix stake by 118.5% in the third quarter, adding 279,396 shares for a total of 515,240 shares valued at approximately $35.85 million. Institutional investors collectively own 80.93% of Netflix.
• Netflix reported quarterly EPS of $0.80, slightly above expectations, while revenue rose 13.4% year over year to $12.56 billion. Shares opened at $70.57, near the lower end of their 52-week range of $65.08 to $124.86.
• Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus and an average price target of $94.41, although several firms recently lowered targets. Netflix insiders sold shares recently, including CFO Spencer Neumann’s sale of 9,248 shares.

ZWJ Investment Counsel Inc. lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 118.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 515,240 shares of the Internet television network's stock after buying an additional 279,396 shares during the quarter. ZWJ Investment Counsel Inc.'s holdings in Netflix were worth $35,850,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NFLX. American Capital Advisory LLC raised its holdings in Netflix by 0.8% during the first quarter. American Capital Advisory LLC now owns 13,990 shares of the Internet television network's stock valued at $1,345,000 after acquiring an additional 109 shares during the period. CWS Financial Advisors LLC lifted its position in shares of Netflix by 3.2% in the first quarter. CWS Financial Advisors LLC now owns 3,612 shares of the Internet television network's stock valued at $347,000 after acquiring an additional 112 shares in the last quarter. Warner Group LLC boosted its stake in shares of Netflix by 2.2% in the first quarter. Warner Group LLC now owns 5,230 shares of the Internet television network's stock worth $503,000 after acquiring an additional 114 shares during the period. Financial Avengers Inc. boosted its stake in shares of Netflix by 9.8% in the first quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network's stock worth $124,000 after acquiring an additional 115 shares during the period. Finally, PAX Financial Group LLC boosted its stake in shares of Netflix by 2.5% in the first quarter. PAX Financial Group LLC now owns 4,847 shares of the Internet television network's stock worth $466,000 after acquiring an additional 116 shares during the period. Institutional investors own 80.93% of the company's stock.

Netflix Stock Up 0.2%

Shares of NFLX stock opened at $70.57 on Thursday. The company's fifty day simple moving average is $75.27 and its two-hundred day simple moving average is $80.87. Netflix, Inc. has a 52 week low of $65.08 and a 52 week high of $124.86. The stock has a market cap of $293.85 billion, a P/E ratio of 22.21, a PEG ratio of 0.99 and a beta of 1.62. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating 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 firm had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. During the same quarter last year, the business posted $0.72 earnings per share. The business's quarterly revenue was up 13.4% compared to the same quarter last year. Analysts predict that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research analyst reports. China Intl Cap upgraded Netflix to a "strong-buy" rating in a research report on Tuesday, July 21st. HSBC cut Netflix from a "buy" rating to a "hold" rating and lowered their price target for the stock from $96.00 to $76.00 in a report on Tuesday, September 22nd. Barclays set a $70.00 price target on Netflix and gave the stock an "equal weight" rating in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft upgraded Netflix from a "hold" rating to a "buy" rating and dropped their price target for the stock from $100.00 to $95.00 in a research note on Tuesday, September 29th. 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 research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $94.41.

Insider Buying and Selling

In related news, CFO Spencer Neumann sold 9,248 shares of the business's stock in a transaction dated Monday, August 10th. The stock was 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 approximately $5,592,316.73. The trade was a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Hyman sold 5,723 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total value of $416,920.55. Following the transaction, the insider directly owned 316,100 shares of the company's stock, valued at approximately $23,027,885. The trade was a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 179,045 shares of company stock valued at $13,132,194 in the last ninety days. Company insiders own 1.24% of the company's stock.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Jefferies initiated coverage with a Buy rating and an $85 price target, implying substantial upside from recent levels. The call may be supporting shares ahead of earnings. Netflix stock gets bullish analyst call ahead of next week's earnings
• Positive Sentiment: Netflix secured exclusive rights to broadcast the 2030 FIFA World Cup in Spain and Andorra, giving the platform a high-profile opportunity to attract viewers and support engagement. Netflix lands 2030 World Cup rights
• Positive Sentiment: The planned workforce reduction could improve efficiency and margins. Management said Netflix remains on track to meet its full-year forecast, while investors may view the restructuring as a way to redirect resources toward content and product initiatives. Netflix to cut 6% of staff
• Neutral Sentiment: Netflix reports third-quarter results on Oct. 20. Investors will focus on subscriber trends, viewing time, free cash flow, content spending and guidance. The stock’s valuation—roughly 22 times earnings—leaves the report as an important near-term catalyst.
• Negative Sentiment: Netflix is eliminating roughly 1,000 jobs, or 6% of its global workforce, its largest reduction since 2022. While potentially margin-positive, the scale of the cuts signals management is responding to slower growth and intensifying competition. Netflix is laying off roughly 6% of its workforce
• Negative Sentiment: App data reportedly showed U.S. churn rising 16.6%, alongside declining viewing time and weaker engagement. These indicators raise concerns that cancellations and competition from YouTube and other services could pressure subscriber growth. Netflix U.S. app churn jumps
• Negative Sentiment: Analyst caution remains a headwind: KeyCorp lowered its price target to $85, Erste cut earnings estimates, and Huber Research downgraded NFLX to Sell. Rising content costs and concerns about transparency are adding pressure ahead of earnings.

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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