Netflix, Inc. $NFLX Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 200,194 shares of the Internet television network’s stock after selling 9,575 shares during the period. Sterling Capital Management LLC’s holdings in Netflix were worth $13,929,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NFLX. American Capital Advisory LLC lifted its stake in shares of Netflix by 0.8% in the 1st quarter. American Capital Advisory LLC now owns 13,990 shares of the Internet television network’s stock worth $1,345,000 after acquiring an additional 109 shares during the period. CWS Financial Advisors LLC boosted its holdings in shares of Netflix by 3.2% in the first quarter. CWS Financial Advisors LLC now owns 3,612 shares of the Internet television network’s stock valued at $347,000 after acquiring an additional 112 shares in the last quarter. Warner Group LLC boosted its holdings in shares of Netflix by 2.2% in the first quarter. Warner Group LLC now owns 5,230 shares of the Internet television network’s stock valued at $503,000 after acquiring an additional 114 shares in the last quarter. Financial Avengers Inc. boosted its holdings in shares of Netflix by 9.8% in the first quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network’s stock valued at $124,000 after acquiring an additional 115 shares in the last quarter. Finally, PAX Financial Group LLC increased its stake in shares of Netflix by 2.5% during the first quarter. PAX Financial Group LLC now owns 4,847 shares of the Internet television network’s stock valued at $466,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

NFLX stock traded down $1.20 on Friday, hitting $65.85. 37,803,941 shares of the company’s stock traded hands, compared to its average volume of 41,651,352. Netflix, Inc. has a 1-year low of $64.10 and a 1-year high of $116.73. The stock has a market cap of $270.40 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 0.98 and a beta of 1.62. The stock has a fifty day moving average of $74.27 and a 200-day moving average of $79.64. The company has a current ratio of 1.07, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. The firm had revenue of $12.87 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. On average, analysts forecast that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, Director Richard N. Barton sold 720 shares of Netflix stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $75.27, for a total value of $54,194.40. Following the transaction, the director directly owned 2,460 shares in the company, valued at $185,164.20. The trade was a 22.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David A. Hyman sold 5,723 shares of Netflix stock in a transaction 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 transaction, the insider owned 316,100 shares in the company, valued at $23,027,885. The trade was a 1.78% decrease in their ownership of the stock. 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 three months, insiders have sold 179,045 shares of company stock worth $13,132,194. 1.24% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Canaccord Genuity Group set a $110.00 target price on Netflix in a report on Wednesday. Bank of America decreased their price target on Netflix from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday. Pivotal Research reiterated a “hold” rating and set a $65.00 price target (down from $70.00) on shares of Netflix in a research report on Wednesday. Morgan Stanley set a $77.00 price target on Netflix and gave the company an “overweight” rating in a research report on Wednesday. Finally, Huber Research downgraded Netflix from a “buy” rating to an “underweight” rating in a research note on Tuesday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $89.59.

More Netflix News

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

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.