Netflix, Inc. $NFLX Position Lessened by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 18.6% in the third quarter, HoldingsChannel.com reports. The fund owned 93,102 shares of the Internet television network’s stock after selling 21,264 shares during the period. North Point Portfolio Managers Corp OH’s holdings in Netflix were worth $6,478,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Netflix in the 2nd quarter worth about $24,902,221,000. State Street Corp raised its stake in Netflix by 4.9% in the second 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 holdings in Netflix by 4.3% in the first 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. Invesco Ltd. lifted its holdings in Netflix by 835.9% in the fourth quarter. Invesco Ltd. now owns 43,462,696 shares of the Internet television network’s stock worth $4,075,062,000 after buying an additional 38,818,947 shares during the period. Finally, Nuveen LLC boosted its position in Netflix by 830.1% during the 4th quarter. Nuveen LLC now owns 20,579,000 shares of the Internet television network’s stock valued at $1,929,487,000 after acquiring an additional 18,366,524 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NFLX shares. Citigroup reiterated a “market perform” rating on shares of Netflix in a report on Monday, August 17th. CLSA began coverage on Netflix in a research note on Monday, July 20th. They issued an “outperform” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Netflix in a research report on Tuesday, September 22nd. KGI Securities cut Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research note on Friday, July 17th. Finally, China Renaissance decreased their price objective on Netflix from $100.00 to $80.00 and set a “hold” rating for the company in a report on Friday, July 17th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.94.

Netflix Stock Up 0.9%

Shares of NASDAQ NFLX traded up $0.64 on Wednesday, reaching $69.33. 14,638,177 shares of the company’s stock traded hands, compared to its average volume of 42,414,520. The business’s 50 day simple moving average is $75.60 and its two-hundred day simple moving average is $81.79. Netflix, Inc. has a 12 month low of $65.08 and a 12 month high of $124.86. The company has a market cap of $288.67 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 0.95 and a beta of 1.62. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39.

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

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: The completed Paramount-Warner Bros. merger creates a heavily indebted rival that must manage integration, content spending and debt repayment. That financial burden could give Netflix additional breathing room while the combined company adjusts its streaming strategy. Netflix Gains Breathing Room as a Major Studio Merger Closes
• Positive Sentiment: Some analysts believe Netflix’s valuation and established streaming position could support a rebound toward $100, although forecasts vary widely, with other analysts expecting further downside. NFLX Price Predictions 2027
• Neutral Sentiment: Netflix generated $13.65 billion in trailing net income and $11.15 billion in free cash flow. While cash flow is below reported earnings, the difference is described as a normal feature of the company’s business rather than an immediate warning sign. Is Netflix’s Free Cash Flow Keeping Pace With Its Reported Earnings?
• Negative Sentiment: Netflix is entering a more mature phase, and management’s projected 13.3% revenue growth this year may be difficult to sustain. Investors are tempering expectations for future expansion, a key reason cited for the stock’s decline. One Number That Might Explain Why Netflix Stock Is Down
• Negative Sentiment: Rising live-sports rights costs are challenging Netflix’s margin-expansion story because spending is increasing faster than amortization while sports programming generates relatively limited viewing hours. Are Rising Live Sports Costs a Margin Threat to Netflix Stockholders?
• Negative Sentiment: Despite Netflix’s strong profitability, valuation concerns remain if margins stop expanding and growth slows. Shares are trading below their 50-day and 200-day moving averages, reflecting continued investor caution. Netflix Looks Priced for Margins to Stop Growing

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 27,312 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $73.54, for a total value of $2,008,524.48. Following the transaction, the chief executive officer owned 120,931 shares in the company, valued at $8,893,265.74. The trade was a 18.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Spencer Neumann sold 9,248 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the sale, the chief financial officer directly owned 73,787 shares in the company, valued at $5,592,316.73. This trade represents a 11.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 179,045 shares of company stock valued at $13,132,194. Company insiders own 1.24% of the company’s stock.

Netflix Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.