Netflix, Inc. $NFLX Position Lessened by Cidel Asset Management Inc.

Cidel Asset Management Inc. trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 19.3% in the third quarter, Holdings Channel.com reports. The fund owned 148,538 shares of the Internet television network’s stock after selling 35,507 shares during the quarter. Cidel Asset Management Inc.’s holdings in Netflix were worth $10,335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Netflix in the 2nd quarter valued at approximately $24,902,221,000. State Street Corp raised its holdings in shares of Netflix by 4.9% in 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 buying an additional 8,474,820 shares in the last quarter. Bank of America Corp DE lifted its position in shares of 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 worth $5,571,201,000 after buying an additional 2,376,349 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Netflix during the 2nd quarter worth approximately $1,906,482,000. Finally, Legal & General Group Plc acquired a new stake in Netflix in the 2nd quarter valued at $1,886,526,000. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 0.0%

NFLX stock opened at $62.08 on Friday. The business has a fifty day moving average price of $72.67 and a 200 day moving average price of $81.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.07 and a quick ratio of 1.07. Netflix, Inc. has a fifty-two week low of $61.39 and a fifty-two week high of $116.73. The stock has a market capitalization of $254.92 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 0.91 and a beta of 1.62.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. The company had revenue of $12.87 billion for the quarter, compared to analyst estimates of $12.87 billion. Netflix had a return on equity of 42.69% and a net margin of 29.69%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Analysts expect that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of a number of analyst reports. Yorkville Ives initiated coverage on Netflix in a research report on Monday, October 5th. They issued an “in-line” rating and a $75.00 price target on the stock. CLSA initiated coverage on Netflix in a report on Monday, July 20th. They set an “outperform” rating for the company. DZ Bank restated a “buy” rating on shares of Netflix in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $93.00 target price on shares of Netflix in a report on Wednesday, October 21st. Finally, Oppenheimer reiterated an “outperform” rating and set a $80.00 target price (down from $85.00) on shares of Netflix in a research report on Wednesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $89.14.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix repurchased approximately $4.8 billion of stock in the third quarter, signaling that management views the shares as undervalued. The company’s scale, strong margins and ability to spread content costs across a large subscriber base also support the bullish case. Netflix Spent $4.8 Billion Buying Back Stock in 1 Quarter
• Positive Sentiment: Netflix’s latest quarterly earnings exceeded expectations, with earnings per share of $0.87 versus an $0.82 consensus estimate. Revenue rose 11.9% year over year and the company reported a 29.69% net margin, highlighting continued financial strength.
• Neutral Sentiment: Analyst comparisons with Amazon and Walt Disney acknowledge Netflix’s valuable entertainment position, but suggest Amazon’s diversified ecosystem, Prime Video reach and advertising tools—or Disney’s broader media assets—may offer greater upside. Amazon vs. Netflix: Which Stock Is the Better Entertainment Play?
• Neutral Sentiment: Netflix is experimenting with live events and other ways to capture viewers’ attention, while reportedly walking away from an Xbox licensing deal. These strategic moves could create new growth opportunities, but their financial impact remains uncertain. The Battle That May Matter Most for Netflix Stock
• Negative Sentiment: Revenue growth has slowed for three consecutive quarters, and investors remain concerned about disappointing guidance. Reuters reports that the stock has lost about one-third of its value this year as the market reassesses Netflix’s growth outlook. Mapping the Market: More losses in store for Netflix shares?
• Negative Sentiment: Competition for living-room viewing and advertising is intensifying. YouTube’s television advertising business reportedly generated more in one quarter than Netflix’s full-year advertising forecast, raising concerns about Netflix’s ability to scale its newer ad-supported business. YouTube’s Living-Room Business
• Negative Sentiment: Reports that members are watching less, along with criticism that Netflix’s content-discovery experience is weakening its historical selling point, are fueling worries about engagement, retention and future subscriber growth. Insider selling has added another negative signal. Netflix Can’t Lift, Jim Cramer Says

Insider Buying and Selling

In related news, insider David Hyman sold 5,723 shares of Netflix stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total value of $416,920.55. Following the completion of the transaction, the insider directly owned 316,100 shares of the company’s stock, valued at $23,027,885. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Bradford Smith sold 17,980 shares of the company’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $64.03, for a total transaction of $1,151,259.40. Following the transaction, the director owned 79,690 shares in the company, valued at approximately $5,102,550.70. This trade represents a 18.41% decrease in their position. 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. Insiders sold a total of 197,025 shares of company stock valued at $14,283,453 in the last 90 days. 1.24% of the stock is owned by corporate insiders.

About Netflix

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.