Ninety One UK Ltd Buys 14,202 Shares of Netflix, Inc. $NFLX

Ninety One UK Ltd increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 611.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 16,525 shares of the Internet television network’s stock after acquiring an additional 14,202 shares during the period. Ninety One UK Ltd’s holdings in Netflix were worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. PFG Private Wealth Management LLC grew its position in Netflix by 10.2% in the 3rd quarter. PFG Private Wealth Management LLC now owns 11,530 shares of the Internet television network’s stock worth $802,000 after purchasing an additional 1,070 shares during the last quarter. Summit Financial Wealth Advisors LLC increased its stake in shares of Netflix by 12.7% in the third quarter. Summit Financial Wealth Advisors LLC now owns 8,334 shares of the Internet television network’s stock valued at $580,000 after purchasing an additional 938 shares during the period. Charles Schwab Trust Co acquired a new stake in shares of Netflix in the third quarter valued at approximately $202,000. Chiron Capital Management LLC raised its holdings in shares of Netflix by 76.2% during the third quarter. Chiron Capital Management LLC now owns 6,360 shares of the Internet television network’s stock valued at $443,000 after buying an additional 2,750 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC raised its holdings in shares of Netflix by 20.9% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 45,550 shares of the Internet television network’s stock valued at $3,169,000 after buying an additional 7,885 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Richard Barton sold 2,160 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $75.10, for a total transaction of $162,216.00. Following the transaction, the director owned 246 shares in the company, valued at $18,474.60. This trade represents a 89.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Neumann sold 9,248 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $5,592,316.73. The trade was a 11.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 179,045 shares of company stock valued at $13,132,194. 1.24% of the stock is currently owned by insiders.

Netflix Stock Up 2.9%

NFLX stock opened at $72.61 on Friday. Netflix, Inc. has a 52 week low of $65.08 and a 52 week high of $124.86. The company has a market capitalization of $302.34 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.00 and a beta of 1.62. The firm’s 50-day moving average is $75.25 and its two-hundred day moving average is $80.73. The company has a current ratio of 1.14, a quick 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The company had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 EPS. On average, analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Jefferies initiated coverage with a Buy rating and an $85 price target, citing potential revenue support from subscription-price increases and advertising. Netflix stock gets bullish analyst call ahead of next week’s earnings
• Positive Sentiment: Netflix named former Disney and Fox executive Peter Rice as chief content officer, replacing Bela Bajaria. Rice’s experience could help Netflix improve its content strategy and viewer engagement as competition intensifies. Netflix names former Disney executive Rice as new content chief
• Neutral Sentiment: Netflix will release third-quarter results on October 20. Wall Street estimates for revenue, earnings and operating metrics may drive volatility as investors look for evidence that pricing, advertising and content investments are offsetting weaker engagement. Ahead of Netflix Q3 earnings
• Negative Sentiment: Netflix is eliminating roughly 1,000 positions, or 6% of its workforce, its largest reduction since 2022. Management described the move as a resource-allocation and efficiency effort, but investors may view it as evidence of slowing growth and pressure to control costs. Netflix is laying off roughly 6% of its workforce
• Negative Sentiment: Reports citing app data indicate U.S. churn has risen and viewing engagement has weakened. Those trends raise questions about Netflix’s ability to retain subscribers amid competition from other streaming services, YouTube and creator-led video. Netflix warning signs ahead of Q3 earnings

Analyst Ratings Changes

Several brokerages have recently issued reports on NFLX. Rosenblatt Securities set a $75.00 price objective on Netflix and gave the stock a “neutral” rating in a research report on Friday, July 17th. Weiss Ratings raised Netflix from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. The Goldman Sachs Group restated a “buy” rating and issued a $90.00 target price on shares of Netflix in a research report on Tuesday, October 6th. China Intl Cap upgraded Netflix to a “strong-buy” rating in a research report on Tuesday, July 21st. Finally, Seaport Research Partners lowered Netflix from a “buy” rating to a “neutral” rating in a research report on Monday, July 20th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $94.41.

Netflix Company 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.