Netflix, Inc. $NFLX Stock: BDF Gestion Trims Position

BDF Gestion reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,917 shares of the Internet television network’s stock after selling 8,359 shares during the quarter. BDF Gestion’s holdings in Netflix were worth $4,587,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Netflix in the second quarter valued at approximately $24,902,221,000. State Street Corp increased its holdings in Netflix by 4.9% during the 2nd quarter. State Street Corp now owns 180,129,582 shares of the Internet television network’s stock worth $12,861,252,000 after purchasing an additional 8,474,820 shares during the period. Bank of America Corp DE raised its position in Netflix by 4.3% during the 1st quarter. Bank of America Corp DE now owns 57,942,812 shares of the Internet television network’s stock valued at $5,571,201,000 after purchasing an additional 2,376,349 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Netflix during the 2nd quarter valued at $1,906,482,000. Finally, Legal & General Group Plc purchased a new stake in shares of Netflix in the 2nd quarter worth $1,886,526,000. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Neumann sold 9,248 shares of Netflix stock in a transaction on Monday, August 10th. The shares were sold at an average price of $75.79, for a total value of $700,905.92. Following the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Barton sold 2,160 shares of the company’s 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 directly owned 246 shares in the company, valued at approximately $18,474.60. The trade was a 89.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 179,045 shares of company stock valued at $13,132,194. 1.24% of the stock is currently owned by company insiders.

Netflix Stock Down 1.4%

Shares of NASDAQ:NFLX traded down $1.01 during trading on Monday, reaching $69.52. The stock had a trading volume of 14,879,642 shares, compared to its average volume of 42,129,117. The firm’s 50-day simple moving average is $75.17 and its 200 day simple moving average is $80.57. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a one year low of $65.08 and a one year high of $124.86. The company has a market capitalization of $289.46 billion, a P/E ratio of 21.88, a PEG ratio of 1.00 and a beta of 1.62.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The firm had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. During the same quarter in the previous year, the business posted $0.72 EPS. Netflix’s revenue was up 13.4% on a year-over-year basis. As a group, research analysts expect that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on NFLX shares. Jefferies Financial Group set a $85.00 price target on Netflix and gave the company a “buy” rating in a research note on Thursday. Oppenheimer set a $85.00 price objective on shares of Netflix and gave the stock an “outperform” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Netflix in a report on Thursday, August 20th. DZ Bank reissued a “buy” rating on shares of Netflix in a research report on Monday, July 20th. Finally, TD Cowen reissued a “buy” rating and set a $100.00 target price on shares of Netflix in a research report on Monday, October 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.38.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Wall Street analysts remain broadly constructive on Netflix, and Jefferies initiated coverage with a Buy rating and an $85 price target, citing pricing power, advertising growth and live sports as potential catalysts. Jefferies Makes a Bold $85 Call on Netflix Stock
• Positive Sentiment: Netflix is targeting approximately $3 billion in advertising revenue in 2026, while nearly doubled upfront commitments suggest improving advertiser demand and monetization potential. Can Ad-Supported Streaming Momentum Boost Netflix’s Q3 Results?
• Neutral Sentiment: Third-quarter results are expected to show year-over-year growth in revenue and earnings, but options markets imply a potentially large post-earnings move. Investors will focus on subscriber trends, viewing hours, advertising progress and management’s outlook. Options Volatility and Implied Earnings Moves This Week
• Negative Sentiment: Reports indicate viewer engagement has fallen about 26%, raising concerns that Netflix may be struggling to sustain attention despite its large subscriber base. Slower view-hour growth could undermine the company’s advertising expansion and valuation. Netflix faces questions on user engagement ahead of third-quarter report
• Negative Sentiment: Netflix’s decision to eliminate roughly 1,000 jobs, or 6% of its workforce, alongside replacing content chief Bela Bajaria with Peter Rice, has intensified concerns about its content pipeline, leadership direction and employee morale. Netflix Replaces Bela Bajaria With Peter Rice As Content Chief
• Negative Sentiment: Some analysts have lowered price targets ahead of earnings, while investors cite membership churn, a weaker content calendar and the cost of live sports as risks. These issues are offsetting the bullish ratings and contributing to cautious trading before the report.

Netflix Company Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.