Netflix, Inc. $NFLX Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 20,298,384 shares of the Internet television network’s stock after selling 116,928 shares during the quarter. Fisher Asset Management LLC owned about 0.49% of Netflix worth $1,412,362,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Netflix during the second quarter valued at approximately $24,902,221,000. Bank of New York Mellon Corp purchased a new stake in Netflix during the second quarter worth approximately $1,906,482,000. Legal & General Group Plc purchased a new stake in Netflix during the second quarter worth approximately $1,886,526,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Netflix in the second quarter worth $1,481,303,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Netflix by 194.9% in the third quarter. Assenagon Asset Management S.A. now owns 16,111,438 shares of the Internet television network’s stock worth $1,121,034,000 after acquiring an additional 10,647,803 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Neumann sold 9,253 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $66.15, for a total value of $612,085.95. Following the sale, the chief financial officer owned 73,787 shares in the company, valued at approximately $4,881,010.05. This trade represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David Hyman sold 5,727 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $64.55, for a total value of $369,677.85. Following the completion of the sale, the insider owned 166,100 shares in the company, valued at approximately $10,721,755. This represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 89,024 shares of company stock worth $5,788,733. 1.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $125.00 target price (down from $135.00) on shares of Netflix in a research note on Friday, October 16th. Jefferies Financial Group set a $85.00 price target on shares of Netflix and gave the stock a “buy” rating in a research report on Thursday, October 15th. Weiss Ratings cut shares of Netflix from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. CICC Research lowered their price target on Netflix from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Finally, KeyCorp cut their price objective on Netflix from $92.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.14.

Key Headlines Impacting Netflix

Here are a few of the latest headlines about NFLX:

• Positive Sentiment: Netflix’s strong cash generation and a packed holiday release schedule could support growth. The company expects about $12 billion in free cash flow for 2026, although the outlook is being tested by higher content spending. Article: Will Content Capex Weigh on Netflix’s Free Cash Flow Trajectory?
• Negative Sentiment: Investors remain concerned about slowing engagement, YouTube competition and rising content costs. Coverage says these pressures have eroded confidence and contributed to Netflix shares losing ground from their 2025 peak. Article: Netflix Wipes Out Five Years of Gains
• Negative Sentiment: Co-CEO Gregory Peters sold 27,312 shares for about $1.74 million, reducing his direct holdings by 18.6%. The sale may add to near-term investor caution, though the report does not state the reason for the transaction. Article: Netflix CEO Gregory Peters Sells 27,312 Shares of Stock

Netflix Stock Down 2.9%

NASDAQ:NFLX opened at $62.69 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $257.43 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 0.94 and a beta of 1.62. Netflix, Inc. has a one year low of $61.39 and a one year high of $116.73. The stock has a 50-day simple moving average of $69.59 and a 200 day simple moving average of $80.54.

Netflix (NASDAQ:NFLX) last released 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. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The firm had revenue of $12.87 billion during the quarter, compared to the consensus estimate of $12.87 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. Sell-side analysts predict that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Netflix Profile

Netflix, Inc. is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand. Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.