Netflix, Inc. $NFLX Stock Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1,074.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,694 shares of the Internet television network’s stock after acquiring an additional 36,314 shares during the period. Provenance Wealth Advisors LLC’s holdings in Netflix were worth $2,762,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Ackerman Capital Advisors LLC lifted its holdings in shares of Netflix by 2.4% in the third quarter. Ackerman Capital Advisors LLC now owns 8,060 shares of the Internet television network’s stock worth $561,000 after buying an additional 190 shares in the last quarter. Associated Banc Corp purchased a new position in Netflix during the third quarter valued at $29,893,000. Integrity Advisory Solutions LLC grew its stake in Netflix by 47.4% during the third quarter. Integrity Advisory Solutions LLC now owns 10,423 shares of the Internet television network’s stock valued at $725,000 after acquiring an additional 3,354 shares in the last quarter. First Nebraska Trust Co purchased a new position in Netflix during the third quarter valued at $3,638,000. Finally, Evergreen Private Wealth LLC increased its holdings in Netflix by 9.7% in the 3rd quarter. Evergreen Private Wealth LLC now owns 79,250 shares of the Internet television network’s stock valued at $5,514,000 after acquiring an additional 7,006 shares during the last quarter. 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 is rolling out an “AI Discover” tab, beginning with recommendations based on users’ moods. Better content discovery could encourage more viewing and support the company’s advertising ambitions. Article: Netflix’s new AI Discover tab helps you find something to watch based on your mood
• Positive Sentiment: Netflix hired former Google executive Darshan Kantak to lead its ads platform, a move that may strengthen its push to grow advertising revenue. Article: Netflix hires Darshan Kantak to lead ads platform
• Neutral Sentiment: Some commentary argues Netflix’s valuation is comparatively low and that continued revenue growth could offer long-term upside. These are investor opinions, not new company guidance or confirmed catalysts. Article: Netflix Trades at a Discount to the S&P 500’s Valuation. Is It Deserved?
• Negative Sentiment: Netflix trimmed its 2026 advertising-revenue forecast to about $2.7 billion and flagged softer engagement. The concerns may weigh on expectations for ad growth, even as the company forecasts a 31.5% full-year operating margin. Article: How Investors May Respond To Netflix Lower Ad Revenue Guidance
• Negative Sentiment: Reports say Netflix is cutting roughly 2%–3% of staff at its London hub, following a broader plan to eliminate about 1,000 roles. The restructuring adds to uncertainty about the company’s operations and growth outlook. Article: Netflix cuts UK staff and parts with production head Anna Mallett, report says

Netflix Trading Up 1.7%

NFLX stock opened at $63.42 on Wednesday. The firm has a fifty day moving average price of $72.00 and a 200 day moving average price of $81.31. Netflix, Inc. has a fifty-two week low of $61.39 and a fifty-two week high of $116.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $260.42 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 0.91 and a beta of 1.62.

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, topping the consensus estimate of $0.82 by $0.05. The company had revenue of $12.87 billion for 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%. Netflix’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 earnings per share. Sell-side analysts anticipate that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, Director Richard N. Barton sold 720 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $75.27, for a total transaction of $54,194.40. Following the sale, the director directly owned 2,460 shares in the company, valued at approximately $185,164.20. This represents a 22.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory K. Peters sold 27,312 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the sale, the chief executive officer owned 120,931 shares in the company, valued at $8,893,265.74. This represents a 18.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 55,980 shares of company stock valued at $3,970,756. Corporate insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on NFLX. Weiss Ratings cut shares of Netflix from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. TD Cowen reissued a “buy” rating and set a $100.00 price objective on shares of Netflix in a report on Wednesday, October 21st. Oppenheimer restated an “outperform” rating and set a $80.00 price objective (down from $85.00) on shares of Netflix in a research report on Wednesday, October 21st. Citizens Jmp reaffirmed a “market perform” rating on shares of Netflix in a report on Wednesday, October 21st. Finally, President Capital reduced 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 research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $89.14.

Netflix 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.