34,175 Netflix, Inc. $NFLX Shares Acquired by Channel Wealth LLC

Channel Wealth LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 737.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,809 shares of the Internet television network’s stock after buying an additional 34,175 shares during the quarter. Channel Wealth LLC’s holdings in Netflix were worth $2,700,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Nykredit A S acquired a new stake in shares of Netflix during the 2nd quarter valued at approximately $105,697,000. Rockland Trust Co. boosted its stake in shares of Netflix by 27.5% during the 3rd quarter. Rockland Trust Co. now owns 219,221 shares of the Internet television network’s stock worth $15,253,000 after acquiring an additional 47,339 shares in the last quarter. Boomfish Wealth Group LLC boosted its stake in shares of Netflix by 91.5% during the 3rd quarter. Boomfish Wealth Group LLC now owns 34,547 shares of the Internet television network’s stock worth $2,404,000 after acquiring an additional 16,510 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Netflix in the 2nd quarter worth approximately $37,743,000. Finally, Sarasin & Partners LLP grew its holdings in shares of Netflix by 10.5% in the 2nd quarter. Sarasin & Partners LLP now owns 2,736,198 shares of the Internet television network’s stock worth $195,365,000 after acquiring an additional 259,794 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on NFLX shares. Robert W. Baird set a $90.00 price objective on Netflix and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $125.00 price objective (down from $135.00) on shares of Netflix in a report on Friday, October 16th. Argus set a $95.00 target price on Netflix and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Moffett Nathanson reissued a “buy” rating and issued a $90.00 target price on shares of Netflix in a report on Wednesday, October 21st. Finally, President Capital lowered their target price on Netflix from $134.00 to $83.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $89.14.

Netflix Stock Down 0.9%

NFLX opened at $62.15 on Friday. The firm has a market cap of $255.21 billion, a P/E ratio of 17.96, a PEG ratio of 0.92 and a beta of 1.62. The business’s fifty day simple moving average is $69.18 and its 200 day simple moving average is $80.42. Netflix, Inc. has a 52 week low of $61.39 and a 52 week high of $115.25. 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 announced its earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.05. The firm had revenue of $12.87 billion during the quarter, compared to the consensus estimate of $12.87 billion. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. As a group, equities research analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, CEO Gregory Peters sold 27,312 shares of Netflix stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $63.62, for a total transaction of $1,737,589.44. Following the completion of the sale, the chief executive officer directly owned 119,412 shares in the company, valued at $7,596,991.44. The trade was a 18.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bradford Smith sold 17,980 shares of Netflix stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $64.03, for a total transaction of $1,151,259.40. Following the sale, the director owned 79,690 shares of the company’s stock, valued at approximately $5,102,550.70. This trade represents a 18.41% 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. Insiders sold 89,024 shares of company stock worth $5,788,733 over the last three months. Company insiders own 1.24% of the company’s stock.

Latest Netflix News

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

• Positive Sentiment: Billionaire investor Bill Ackman reiterated his bullish view and called Netflix undervalued, offering a high-profile vote of confidence. Billionaire investor Bill Ackman on why he’s staying bullish on Netflix
• Negative Sentiment: Recent reports cite slowing engagement, YouTube competition, a costly content strategy, a scrapped Warner Bros. deal, and a stalled ad push. One article says the stock has fallen 53% from its June 2025 peak, reflecting damaged investor confidence. Netflix Wipes Out Five Years of Gains
• Negative Sentiment: Netflix’s Thanksgiving Eve NFL game is framed as a test of its advertising strategy following a reported $300 million ad cut, adding uncertainty about ad growth. Netflix’s Thanksgiving Eve NFL Game Is the Next Test After a $300 Million Ad Cut

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.