133,570 Netflix, Inc. $NFLX Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,328,666 shares of the Internet television network’s stock after selling 133,570 shares during the quarter. Russell Investments Group Ltd. owned about 0.08% of Netflix worth $231,866,000 as of its most recent SEC filing.

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

Netflix Stock Down 2.9%

Shares of NFLX opened at $62.69 on Friday. Netflix, Inc. has a 52 week low of $61.39 and a 52 week high of $116.73. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $257.43 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 0.94 and a beta of 1.62. The stock’s 50-day moving average price is $69.59 and its 200-day moving average price is $80.54.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. Netflix had a return on equity of 42.69% and a net margin of 29.69%. The company had revenue of $12.87 billion during the quarter, compared to the consensus estimate of $12.87 billion. During the same period in the previous year, the company posted $0.59 earnings per share. Netflix’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, sell-side analysts predict that Netflix, Inc. will post 3.59 EPS for the current year.

Insider Transactions at Netflix

In related news, CFO Spencer Neumann sold 9,253 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $66.15, for a total value of $612,085.95. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at $4,881,010.05. The trade was a 11.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theodore Sarandos sold 27,312 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $66.20, for a total transaction of $1,808,054.40. Following the sale, the chief executive officer directly owned 178,954 shares in the company, valued at $11,846,754.80. This trade represents a 13.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 89,024 shares of company stock worth $5,788,733. Insiders own 1.24% of the company’s stock.

Key Netflix News

Investors following NFLX have been watching these news items:

• Positive Sentiment: Netflix’s strong cash generation and a packed holiday release schedule could support growth. The company expects about $12 billion in free cash flow for 2026, although the outlook is being tested by higher content spending. Article: Will Content Capex Weigh on Netflix’s Free Cash Flow Trajectory?
• Neutral Sentiment: Following a sharp decline, NFLX trades at under 18 times earnings, which may appeal to value-focused investors; the low multiple also reflects concerns about the company’s growth outlook. Article: Netflix trades under 18x earnings after a steep valuation reset
• Negative Sentiment: Investors remain concerned about slowing engagement, YouTube competition and rising content costs. Coverage says these pressures have eroded confidence and contributed to Netflix shares losing ground from their 2025 peak. Article: Netflix Wipes Out Five Years of Gains

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. CICC Research dropped their target price on Netflix from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Bank of America reduced their price target on shares of Netflix from $105.00 to $90.00 and set a “buy” rating for the company in a research 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 note on Wednesday, October 21st. Citizens Jmp reaffirmed a “market perform” rating on shares of Netflix in a report on Wednesday, October 21st. Finally, Itau BBA Securities dropped their price objective on shares of Netflix from $151.40 to $96.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.14.

About Netflix

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.