Netflix, Inc. $NFLX Stock Bought by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 35.7% in the third quarter, Holdings Channel reports. The institutional investor owned 190,170 shares of the Internet television network’s stock after buying an additional 50,014 shares during the period. Pinnacle Associates Ltd.’s holdings in Netflix were worth $13,232,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of NFLX. Clal Insurance Enterprises Holdings Ltd purchased a new position in Netflix during the second quarter worth about $26,000. Compound Global Advisors LLC acquired a new stake in Netflix in the second quarter valued at about $29,000. Burnham & Co LLC acquired a new stake in Netflix in the second quarter valued at about $29,000. Merkkuri Wealth Advisors LLC acquired a new stake in Netflix in the first quarter valued at about $31,000. Finally, Bayban boosted its holdings in Netflix by 400.0% in the 1st quarter. Bayban now owns 350 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix reported third-quarter EPS of $0.87, above the $0.82 consensus estimate, while revenue of $12.87 billion was essentially in line with expectations. Revenue increased about 12% year over year, operating margin expanded to 34.6%, and net income rose approximately 44%. Netflix Q3 earnings report
• Positive Sentiment: Some analysts remain constructive after the selloff. UBS, JPMorgan, Bank of America, TD Cowen and Guggenheim maintained positive ratings despite lowering price targets, while BMO described the decline as a potential buying opportunity. BMO post-earnings view
• Positive Sentiment: Management expects advertising revenue to grow more than 80% in 2026 and is betting on improved U.S. programming, live events and internationally successful local-language content to increase engagement and improve returns on content spending. Local-language content analysis

Netflix Stock Down 5.3%

Shares of NASDAQ NFLX opened at $65.04 on Thursday. 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, Inc. has a 52 week low of $64.10 and a 52 week high of $116.73. The firm has a 50-day moving average price of $74.74 and a 200 day moving average price of $79.96. The stock has a market capitalization of $270.82 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 0.97 and a beta of 1.62.

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 for the quarter, compared to the consensus estimate of $12.87 billion. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. Equities research analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wells Fargo & Company cut Netflix from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $80.00 to $57.00 in a research report on Friday, September 18th. William Blair reissued an “outperform” rating on shares of Netflix in a research note on Wednesday. Morgan Stanley set a $77.00 price target on Netflix and gave the company an “overweight” rating in a report on Wednesday. Sanford C. Bernstein restated an “outperform” rating and issued a $80.00 price target (down from $95.00) on shares of Netflix in a research note on Wednesday. Finally, CLSA started coverage on Netflix in a research note on Monday, July 20th. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.94.

Insider Activity at Netflix

In other news, CEO Theodore Sarandos sold 27,312 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $73.35, for a total transaction of $2,003,335.20. Following the sale, the chief executive officer owned 178,954 shares of the company’s stock, valued at $13,126,275.90. The trade was a 13.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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. Also, insider David Hyman sold 5,723 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total value of $416,920.55. Following the completion of the sale, the insider owned 316,100 shares in the company, valued at approximately $23,027,885. This represents a 1.78% 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. In the last 90 days, insiders sold 179,045 shares of company stock worth $13,132,194. 1.24% of the stock is currently owned by company insiders.

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.