Phoenix Financial Ltd. Purchases 92,381 Shares of Netflix, Inc. $NFLX

Phoenix Financial Ltd. grew its position in Netflix, Inc. (NASDAQ:NFLX) by 129.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 163,595 shares of the Internet television network’s stock after purchasing an additional 92,381 shares during the period. Phoenix Financial Ltd.’s holdings in Netflix were worth $10,829,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Avengers Inc. raised its stake in Netflix by 9.8% during the 1st quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network’s stock worth $124,000 after buying an additional 115 shares during the period. Wisconsin Wealth Advisors LLC grew its stake in Netflix by 2.6% in the second quarter. Wisconsin Wealth Advisors LLC now owns 5,324 shares of the Internet television network’s stock valued at $380,000 after acquiring an additional 136 shares during the period. Alternative Investment Advisors LLC. grew its stake in Netflix by 4.8% in the second quarter. Alternative Investment Advisors LLC. now owns 3,230 shares of the Internet television network’s stock valued at $231,000 after acquiring an additional 147 shares during the period. Boyce & Associates Wealth Consulting Inc. increased its holdings in shares of Netflix by 3.7% in the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 4,170 shares of the Internet television network’s stock worth $290,000 after acquiring an additional 150 shares in the last quarter. Finally, Monument Capital Management increased its holdings in shares of Netflix by 1.4% in the third quarter. Monument Capital Management now owns 10,912 shares of the Internet television network’s stock worth $759,000 after acquiring an additional 151 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research analyst reports. HSBC downgraded shares of Netflix from a “buy” rating to a “hold” rating and dropped their target price for the stock from $96.00 to $76.00 in a report on Tuesday, September 22nd. Robert W. Baird set a $90.00 target price on Netflix and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Seaport Research Partners set a $85.00 price target on Netflix in a research note on Wednesday, October 21st. DZ Bank restated a “buy” rating on shares of Netflix in a report on Monday, July 20th. Finally, TD Cowen reaffirmed a “buy” rating and set a $100.00 price objective on shares of Netflix in a research report on Wednesday, October 21st. Two equities 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 given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.14.

Netflix Stock Down 0.9%

NFLX traded down $0.54 during trading hours on Friday, hitting $62.15. 36,558,372 shares of the company’s stock were exchanged, compared to its average volume of 46,146,632. Netflix, Inc. has a 1-year low of $61.39 and a 1-year high of $115.25. The stock’s 50-day moving average is $69.18 and its two-hundred day moving average is $80.42. The stock has a market cap of $255.21 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 0.92 and a beta of 1.62. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.43.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $12.87 billion. During the same period in the previous year, the business earned $0.59 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. Sell-side analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, CFO Spencer Neumann sold 9,253 shares of Netflix stock in a transaction dated Wednesday, November 4th. The stock was 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 of the company’s stock, valued at approximately $4,881,010.05. The trade was a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Hyman sold 5,727 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $64.55, for a total value of $369,677.85. Following the sale, the insider owned 166,100 shares in the company, valued at $10,721,755. The trade was a 3.33% decrease in their position. 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 sold 89,024 shares of company stock worth $5,788,733. Corporate insiders own 1.24% of the company’s stock.

More Netflix News

These are some of the NFLX news items that stood out recently:

• Positive Sentiment: A comparison with Disney characterized Netflix as a global streaming leader with higher net margins and double-digit revenue growth, supporting its long-term business case. Walt Disney vs. Netflix: Which Is the Better Entertainment Stock to Buy Going Into 2027?
• Neutral Sentiment: An analyst floated a possible channel store or Fox One bundle. Bundling could help subscriber retention and reduce churn, but the idea remains speculative. Netflix May Launch Channel Store Or Bundle With Fox One: Analyst
• Negative Sentiment: Rising content spending is testing Netflix’s free-cash-flow outlook, even though the company is generating cash and has a busy holiday slate. Will Content Capex Weigh on Netflix’s Free Cash Flow Trajectory?

Netflix Company 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.