Netflix, Inc. $NFLX Shares Acquired by Davis Rea LTD.

Davis Rea LTD. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 24.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,956 shares of the Internet television network’s stock after buying an additional 25,000 shares during the quarter. Netflix comprises 2.6% of Davis Rea LTD.’s portfolio, making the stock its 12th biggest holding. Davis Rea LTD.’s holdings in Netflix were worth $8,903,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Financial Management LLC bought a new stake in Netflix during the fourth quarter worth approximately $26,000. Merkkuri Wealth Advisors LLC bought a new position in Netflix in the 1st quarter worth $31,000. South Plains Financial Inc. bought a new stake in Netflix during the fourth quarter valued at about $33,000. Bayban lifted its position in shares of Netflix by 400.0% during the 1st quarter. Bayban now owns 350 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 280 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd bought a new stake in Netflix during the 2nd quarter valued at approximately $26,000. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research reports. Wolfe Research reaffirmed an “outperform” rating and set a $95.00 target price (up from $84.00) on shares of Netflix in a research report on Tuesday, August 25th. Daiwa Securities Group decreased their price target on shares of Netflix from $102.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. UBS Group dropped their price objective on shares of Netflix from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, July 17th. Sanford C. Bernstein initiated coverage on shares of Netflix in a research report on Monday, September 28th. They set a “buy” rating for the company. Finally, DZ Bank reiterated a “buy” rating on shares of Netflix in a research note on Monday, July 20th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $94.53.

Netflix News Roundup

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, adding a major live-sports property that could support subscriber engagement, advertising and brand visibility. Netflix Stock Is Trending: What’s Going On?
• Positive Sentiment: KeyCorp lowered its price target to $85 but retained an Overweight rating, implying substantial upside from current levels. Analysts see potential recovery catalysts in stronger content, improved viewership, advertising growth and better execution. Netflix Has Fallen 25% This Year
• Positive Sentiment: Some investors remain constructive because Netflix is still viewed as the most profitable major streaming platform, with high margins, continued sales growth and a lower earnings multiple than its historical average. My Netflix Stock Prediction for 2027
• Neutral Sentiment: Investors are awaiting the Oct. 20 earnings release, with particular focus on whether Netflix can meet its roughly 12% revenue-growth outlook, sustain free cash flow and demonstrate progress in advertising. Netflix Is Set to Release Earnings on Oct. 20
• Negative Sentiment: Huber Research issued a rare double downgrade, moving Netflix from Buy to Sell and cutting its price target. The call reflects concerns over weaker viewing trends, competition from YouTube and other platforms, and uncertainty about the company’s growth outlook. Netflix Stock Is Double Downgraded
• Negative Sentiment: Netflix’s U.S. and Canada region, which generates about 43% of second-quarter revenue, grew 10%, down from 18% two quarters earlier. Slowing growth across international regions also raises questions about whether overseas expansion can offset weaker performance at home. Netflix’s Regions Abroad Are Growing Faster
• Negative Sentiment: Reports that Netflix may undertake its largest workforce reduction in four years add to concerns about slower growth and investor confidence, even though layoffs could eventually improve costs. Netflix Layoffs Loom

Insider Buying and Selling

In other news, Director Richard Barton sold 720 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $75.27, for a total value of $54,194.40. Following the completion of the transaction, the director directly owned 2,460 shares of the company’s stock, valued at approximately $185,164.20. This represents a 22.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Hyman sold 5,723 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total value of $416,920.55. Following the transaction, the insider owned 316,100 shares of the company’s stock, valued at $23,027,885. This trade represents a 1.78% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 179,045 shares of company stock worth $13,132,194. Insiders own 1.24% of the company’s stock.

Netflix Stock Performance

NFLX traded down $0.15 during trading on Tuesday, reaching $70.46. 27,728,118 shares of the company’s stock were exchanged, compared to its average volume of 42,281,078. The company has a market capitalization of $293.39 billion, a P/E ratio of 22.18, 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. The business has a 50 day moving average price of $75.34 and a 200 day moving average price of $81.03. Netflix, Inc. has a fifty-two week low of $65.08 and a fifty-two week high of $124.86.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The company had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. During the same period last year, the firm earned $0.72 EPS. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current fiscal 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.