Cidel Asset Management Inc. Buys 57,500 Shares of Netflix, Inc. $NFLX

Cidel Asset Management Inc. boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 45.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 184,045 shares of the Internet television network’s stock after buying an additional 57,500 shares during the quarter. Cidel Asset Management Inc.’s holdings in Netflix were worth $13,141,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Plimoth Trust Co. LLC boosted its position in Netflix by 13.2% in the 2nd quarter. Plimoth Trust Co. LLC now owns 21,187 shares of the Internet television network’s stock valued at $1,513,000 after buying an additional 2,473 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Netflix by 8.1% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 32,157 shares of the Internet television network’s stock worth $2,296,000 after acquiring an additional 2,398 shares during the period. RFG Advisory LLC boosted its holdings in shares of Netflix by 37.1% in the second quarter. RFG Advisory LLC now owns 205,693 shares of the Internet television network’s stock valued at $14,686,000 after purchasing an additional 55,678 shares during the period. NewEdge Advisors LLC grew its stake in Netflix by 11.3% in the second quarter. NewEdge Advisors LLC now owns 621,731 shares of the Internet television network’s stock worth $44,392,000 after purchasing an additional 63,008 shares in the last quarter. Finally, Hedeker Wealth LLC raised its position in Netflix by 2.0% during the 2nd quarter. Hedeker Wealth LLC now owns 10,331 shares of the Internet television network’s stock valued at $738,000 after purchasing an additional 200 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bill Ackman’s $934 million investment is a vote of confidence. Pershing Square exited its remaining Alphabet position and established a large Netflix stake, suggesting Ackman believes Netflix offers a more attractive way to monetize AI-related trends with less capital intensity. Bill Ackman’s Netflix investment
• Positive Sentiment: Advertising remains a major potential growth driver. Analysts expect Netflix’s advertising business could exceed $6 billion in 2027. The company currently generates roughly $1 per month in advertising revenue per viewer, leaving room for higher monetization if ad demand and engagement continue improving. Netflix advertising forecast
• Positive Sentiment: Valuation and cash generation are attracting bullish investors. Recent commentary describes Netflix’s free-cash-flow yield as the most compelling in roughly a decade, while several analysts see substantial upside from current levels. The company’s profitable core streaming business and potential content-driven recovery underpin the bullish case. Netflix free cash flow analysis
• Neutral Sentiment: Netflix is opening box-office data for six films. The move could signal a broader theater strategy and help Netflix evaluate new revenue and promotional opportunities, although the financial impact remains uncertain. Netflix theater strategy
• Negative Sentiment: South African regulators are examining streaming-service pricing. The probe raises concerns about potential pricing restrictions, higher compliance costs or pressure on Netflix’s ability to raise subscription prices internationally. Netflix South Africa price probe
• Negative Sentiment: Near-term growth concerns remain the primary pressure. Reports cite missed quarterly expectations and weak forward guidance, while Netflix has significantly underperformed the broader market over the past year. Ongoing insider selling—with no reported insider purchases in the past six months—may further weigh on sentiment.

Insider Activity at Netflix

In other news, Director Bradford L. Smith sold 35,990 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total value of $2,789,944.80. Following the completion of the transaction, the director owned 79,690 shares of the company’s stock, valued at $6,177,568.80. The trade was a 31.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore A. Sarandos sold 105,850 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $73.03, for a total value of $7,730,225.50. Following the completion of the transaction, the chief executive officer directly owned 206,266 shares of the company’s stock, valued at $15,063,605.98. The trade was a 33.91% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 213,595 shares of company stock worth $15,812,072 in the last ninety days. 1.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NFLX. China Renaissance dropped their price target on Netflix from $100.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday, July 17th. Phillip Securities upgraded Netflix from a “moderate buy” rating to a “strong-buy” rating and set a $110.00 price target on the stock in a report on Sunday, July 19th. Itau BBA Securities reduced their price objective on shares of Netflix from $151.40 to $96.00 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Wedbush lowered their price objective on Netflix from $118.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Finally, TD Cowen reduced their target price on Netflix from $112.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $96.65.

Netflix Price Performance

NASDAQ NFLX opened at $76.77 on Wednesday. The company has a market cap of $319.67 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 1.10 and a beta of 1.53. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s fifty day moving average price is $75.71 and its 200 day moving average price is $84.45. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $126.70.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. The business had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. As a group, equities research analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current year.

About Netflix

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.

Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.