Netflix, Inc. $NFLX Stock Purchased by Summit Global Investments

Summit Global Investments increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 52.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 26,737 shares of the Internet television network’s stock after purchasing an additional 9,150 shares during the period. Summit Global Investments’ holdings in Netflix were worth $1,860,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. American Capital Advisory LLC boosted its holdings in Netflix by 0.8% during the 1st quarter. American Capital Advisory LLC now owns 13,990 shares of the Internet television network’s stock valued at $1,345,000 after acquiring an additional 109 shares during the period. CWS Financial Advisors LLC increased its stake in Netflix by 3.2% during the first quarter. CWS Financial Advisors LLC now owns 3,612 shares of the Internet television network’s stock worth $347,000 after purchasing an additional 112 shares during the period. Warner Group LLC lifted its position in shares of Netflix by 2.2% during the first quarter. Warner Group LLC now owns 5,230 shares of the Internet television network’s stock worth $503,000 after purchasing an additional 114 shares in the last quarter. Financial Avengers Inc. lifted its position in shares of Netflix by 9.8% during the first quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network’s stock worth $124,000 after purchasing an additional 115 shares in the last quarter. Finally, PAX Financial Group LLC boosted its stake in shares of Netflix by 2.5% in the first quarter. PAX Financial Group LLC now owns 4,847 shares of the Internet television network’s stock valued at $466,000 after purchasing an additional 116 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 0.0%

Shares of NASDAQ:NFLX opened at $62.08 on Friday. The firm’s 50 day moving average price is $72.67 and its 200 day moving average price is $81.57. The stock has a market cap of $254.92 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 0.91 and a beta of 1.62. Netflix, Inc. has a fifty-two week low of $61.39 and a fifty-two week high of $116.73. 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 posted its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, topping 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 company had revenue of $12.87 billion during the quarter, compared to analysts’ expectations of $12.87 billion. During the same quarter in the previous year, the business posted $0.59 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. As a group, equities research analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Neumann sold 9,248 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $75.79, for a total value of $700,905.92. Following the transaction, the chief financial officer owned 73,787 shares of the company’s stock, valued at $5,592,316.73. This represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David A. 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 sale, the insider directly owned 316,100 shares of the company’s stock, valued at $23,027,885. This trade represents a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 197,025 shares of company stock worth $14,283,453. 1.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on NFLX. Sanford C. Bernstein restated an “outperform” rating and issued a $80.00 price objective (down from $95.00) on shares of Netflix in a report on Wednesday, October 21st. Wedbush decreased their price target on shares of Netflix from $105.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. HSBC cut shares of Netflix from a “buy” rating to a “hold” rating and decreased their price target for the company from $96.00 to $76.00 in a research report on Tuesday, September 22nd. The Goldman Sachs Group set a $84.00 price target on shares of Netflix in a research note on Wednesday, October 21st. Finally, Huber Research lowered Netflix from a “buy” rating to an “underweight” rating in a research report on Tuesday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.14.

Key Netflix News

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

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.