Netflix, Inc. $NFLX Stock Sold by Bell Asset Management Ltd

Key Points

• Bell Asset Management reduced its Netflix stake by 21.8% in the third quarter, selling 16,972 shares and retaining 60,716 shares valued at approximately $4.23 million. Institutional investors collectively own 80.93% of Netflix.
• Analysts maintain a generally positive outlook, with Netflix receiving a consensus “Moderate Buy” rating and an average price target of $94.70, despite several recent target reductions.
• Netflix insiders have also been selling shares: executives and directors sold 179,045 shares worth about $13.1 million over the past three months. The stock recently traded near $71.57, well below its 52-week high of $124.86.

Bell Asset Management Ltd lessened its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 21.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 60,716 shares of the Internet television network's stock after selling 16,972 shares during the period. Netflix comprises 1.6% of Bell Asset Management Ltd's holdings, making the stock its 9th biggest position. Bell Asset Management Ltd's holdings in Netflix were worth $4,225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Financial Management LLC bought a new position in Netflix in the fourth quarter worth approximately $26,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in Netflix during the 2nd quarter valued at $26,000. Compound Global Advisors LLC purchased a new position in shares of Netflix in the 2nd quarter valued at $29,000. Burnham & Co LLC purchased a new position in shares of Netflix in the 2nd quarter valued at $29,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in shares of Netflix in the 1st quarter worth $31,000. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NFLX has been the topic of a number of recent research reports. Moffett Nathanson dropped their price objective on Netflix from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, July 17th. Citigroup reiterated a "market perform" rating on shares of Netflix in a report on Monday, August 17th. China Renaissance decreased their price target on shares of Netflix from $100.00 to $80.00 and set a "hold" rating for the company in a research report on Friday, July 17th. The Goldman Sachs Group restated a "buy" rating and issued a $90.00 price target on shares of Netflix in a report on Tuesday. Finally, Bank of America cut their price objective on shares of Netflix from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, July 17th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $94.70.

Insider Transactions at Netflix

In related news, Director Richard Barton sold 720 shares of the business's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $75.27, for a total transaction of $54,194.40. Following the completion of the transaction, the director directly owned 2,460 shares in the company, valued at $185,164.20. The trade was a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 the company's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the completion of the sale, the chief executive officer directly owned 120,931 shares in the company, valued at approximately $8,893,265.74. The trade was a 18.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 179,045 shares of company stock valued at $13,132,194. 1.24% of the stock is owned by corporate insiders.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Morgan Stanley maintained an Overweight rating while lowering its price target from $83 to $80. The revised target still implies meaningful upside from recent levels, suggesting the bank views the pullback as an opportunity rather than a deterioration in Netflix’s long-term outlook. Netflix Stocks Jump 2.3% Although Morgan Stanley Trims Its Target
• Positive Sentiment: Several market analyses describe NFLX as attractively valued or below fair value based on its cash-generation potential. Netflix has produced strong long-term shareholder returns despite its 2026 decline, and investors are watching advertising, live programming and other newer businesses as potential growth engines. Netflix Q3 Preview: Attractively Priced Streaming Giant, Shares a Buy
• Positive Sentiment: The completion of the Paramount-Warner Bros. transaction creates a larger rival, but its heavy debt burden and integration demands may give Netflix additional breathing room. Netflix also reportedly received $2.8 billion from Paramount to abandon its competing Warner Bros. bid, reinforcing its balance-sheet flexibility. Netflix Gains Breathing Room As a Major Studio Merger Closes
• Neutral Sentiment: Netflix released a trailer for The Altruists, an eight-episode fictionalized series about the FTX scandal, scheduled for November 19. The project could support engagement and publicity, although its direct financial impact is uncertain. Netflix Drops Trailer for Series Based on FTX
• Negative Sentiment: Bearish commentary continues to cite slowing revenue growth, rising content costs and intense streaming competition. The newly combined Paramount-Warner Bros. group also has substantially greater scale, creating a longer-term competitive risk if its debt does not constrain content investment. Netflix Stock Plunges Year to Date: Three Reasons to Stay Away

Netflix Stock Performance

Shares of Netflix stock opened at $71.57 on Friday. The firm has a market capitalization of $298.01 billion, a P/E ratio of 22.53, a PEG ratio of 0.98 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. The company has a 50 day moving average price of $75.48 and a 200 day moving average price of $81.49. Netflix, Inc. has a 52 week low of $65.08 and a 52 week high of $124.86.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.01. The company had revenue of $12.56 billion during the quarter, compared to analysts' expectations of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. Netflix's revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the business earned $0.72 EPS. Sell-side analysts expect that Netflix, Inc. will post 3.59 EPS for the current year.

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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