10,682 Shares in Netflix, Inc. $NFLX Purchased by Norris Perne & French LLP MI

Norris Perne & French LLP MI purchased a new position in Netflix, Inc. (NASDAQ:NFLX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,682 shares of the Internet television network’s stock, valued at approximately $743,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Signaturefd LLC raised its stake in shares of Netflix by 1.5% in the third quarter. Signaturefd LLC now owns 129,332 shares of the Internet television network’s stock worth $8,999,000 after purchasing an additional 1,910 shares during the last quarter. BG Investment Services LLC lifted its holdings in shares of Netflix by 18.8% during the third quarter. BG Investment Services LLC now owns 3,346 shares of the Internet television network’s stock worth $233,000 after purchasing an additional 529 shares during the period. Evanson Financial LLC lifted its holdings in shares of Netflix by 6.9% during the third quarter. Evanson Financial LLC now owns 8,674 shares of the Internet television network’s stock worth $604,000 after purchasing an additional 560 shares during the period. Anderson Hoagland & Co. purchased a new stake in Netflix in the third quarter valued at approximately $3,565,000. Finally, Middleton & Co. Inc. MA boosted its position in Netflix by 544.8% in the third quarter. Middleton & Co. Inc. MA now owns 33,203 shares of the Internet television network’s stock valued at $2,310,000 after buying an additional 28,054 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix reported third-quarter EPS of $0.87, ahead of the $0.82 consensus estimate, while revenue reached $12.87 billion. Operating margin rose to 34.6%, supporting the argument that the core streaming business remains highly profitable. Can Netflix Stock Hold Margin Gains as Content Spending Keeps Growing?
• Positive Sentiment: Longer-term bulls argue that Netflix’s profitability, systematic share repurchases, local-language content, and continued subscriber retention could create meaningful upside after the sell-off. Bill Ackman has also returned to the stock and expects annualized returns above 20%. Bill Ackman Lost $400 Million on Netflix
• Positive Sentiment: Ark Invest’s Cathie Wood bought 18,000 Netflix shares, signaling that some growth-oriented investors view the two-year-low valuation as an opportunity. Cathie Wood Just Bought Netflix Stock
• Neutral Sentiment: Netflix is reportedly planning layoffs at its Bay Area headquarters. The cuts could reduce costs, but they also raise questions about operating priorities and employee productivity. Netflix Stock Slips as Layoffs Hit Bay Area Headquarters
• Neutral Sentiment: Paramount Skydance’s completed merger highlights intensifying competition for scale and content across the entertainment industry, potentially increasing pressure on Netflix to sustain its content advantage. Could Skydance Be Bigger Than Disney?
• Negative Sentiment: Management reduced its 2026 advertising-revenue outlook to approximately $2.7 billion from about $3 billion. Softer ad growth undermines a major part of Netflix’s expansion thesis and overshadowed the earnings beat. Netflix Cut Its 2026 Ad Forecast by $300 Million
• Negative Sentiment: Disappointing fourth-quarter revenue guidance and decelerating growth have led investors to discount the strong quarterly results. Netflix’s reduced 2026 free-cash-flow outlook is another concern as content spending continues to rise. Netflix Has Lower FCF Guidance
• Negative Sentiment: Several analysts lowered their price targets or ratings after the report. One fair-value estimate fell from $92.62 to $86.24, while UBS, Guggenheim, and Needham adopted more cautious views. Netflix Stock Fair Value Falls After Cautious Q3 Analyst Revisions
• Negative Sentiment: Reports indicate viewing time is declining even though subscribers are staying, suggesting weaker engagement. YouTube and lower-cost streaming alternatives may also be contributing to slower revenue growth. Netflix Is Losing Viewers

Netflix Stock Down 1.8%

Shares of NFLX opened at $65.85 on Friday. The company has a market capitalization of $270.40 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 0.96 and a beta of 1.62. Netflix, Inc. has a 52 week low of $64.10 and a 52 week high of $116.73. The stock’s 50-day moving average price is $74.27 and its 200-day moving average price is $79.64. The company has a quick ratio of 1.14, a current ratio of 1.07 and a debt-to-equity ratio of 0.43.

Netflix (NASDAQ:NFLX) last announced its quarterly 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 company had revenue of $12.87 billion during the quarter, compared to analysts’ expectations of $12.87 billion. Netflix had a return on equity of 42.69% and a net margin of 29.69%. Netflix’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the business earned $0.59 earnings per share. On average, sell-side analysts predict that Netflix, Inc. will post 3.59 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Spencer Neumann sold 9,248 shares of Netflix stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at $5,592,316.73. The trade was a 11.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 27,312 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total transaction of $2,003,335.20. Following the completion of the transaction, the chief executive officer owned 178,954 shares of the company’s stock, valued at approximately $13,126,275.90. This represents a 13.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. In the last quarter, insiders have sold 179,045 shares of company stock worth $13,132,194. Corporate insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of several research reports. Needham & Company LLC downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Wednesday. CICC Research reduced their price target on shares of Netflix from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, July 21st. Canaccord Genuity Group set a $110.00 price objective on shares of Netflix in a research note on Wednesday. Yorkville Ives started coverage on shares of Netflix in a report on Monday, October 5th. They issued an “in-line” rating and a $75.00 price objective on the stock. Finally, Pivotal Research reiterated a “hold” rating and issued a $65.00 price objective (down from $70.00) on shares of Netflix in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.59.

About Netflix

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.