Magellan Asset Management Ltd Trims Stock Position in Netflix, Inc. $NFLX

Magellan Asset Management Ltd lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 45.6% during the third quarter, Holdings Channel.com reports. The firm owned 118,566 shares of the Internet television network’s stock after selling 99,488 shares during the period. Netflix makes up 1.7% of Magellan Asset Management Ltd’s holdings, making the stock its 25th biggest holding. Magellan Asset Management Ltd’s holdings in Netflix were worth $142,151,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Netflix by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network’s stock valued at $46,183,983,000 after buying an additional 142,238 shares during the period. State Street Corp boosted its position in shares of Netflix by 2.1% in the 2nd quarter. State Street Corp now owns 17,444,013 shares of the Internet television network’s stock valued at $23,359,801,000 after purchasing an additional 360,604 shares during the period. Geode Capital Management LLC grew its stake in Netflix by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 9,926,733 shares of the Internet television network’s stock worth $13,234,278,000 after buying an additional 229,182 shares during the last quarter. Norges Bank purchased a new position in Netflix during the 2nd quarter worth $7,929,645,000. Finally, Laurel Wealth Advisors LLC lifted its position in Netflix by 128,553.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,881,129 shares of the Internet television network’s stock worth $6,536,466,000 after acquiring an additional 4,877,335 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 5,727 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $81.06, for a total transaction of $464,230.62. Following the transaction, the insider directly owned 316,100 shares in the company, valued at $25,623,066. This trade represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 9,248 shares of Netflix stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $81.27, for a total value of $751,584.96. Following the completion of the transaction, the chief financial officer owned 73,787 shares in the company, valued at $5,996,669.49. The trade was a 11.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,399,163 shares of company stock valued at $129,899,103 over the last quarter. 1.37% of the stock is owned by insiders.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $78.04 on Wednesday. The firm’s 50 day moving average is $86.22 and its two-hundred day moving average is $105.08. The firm has a market capitalization of $329.50 billion, a P/E ratio of 30.88, a PEG ratio of 1.35 and a beta of 1.71. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 20th. The Internet television network reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $11.97 billion. Netflix had a net margin of 24.30% and a return on equity of 43.26%. Netflix’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. Analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Market reaction to Warner Bros. Discovery’s announcement that Paramount Skydance raised its bid and that the WBD board believes the revised Paramount proposal “could reasonably be expected to lead to a company superior proposal” — investors appear to be digesting a lower probability Netflix must complete its massive, expensive takeover (or could see a bidding war). WBD Board Determination (PR Newswire)
• Positive Sentiment: Netflix’s recent quarter beat consensus on both revenue and EPS (reported revenue $12.05B and EPS $0.56), a reminder of underlying growth and profitability that supports investor confidence even amid deal uncertainty.
• Neutral Sentiment: Warner Bros. Discovery continues to recommend the Netflix deal for now and will engage with Paramount to assess whether the revised offer is superior; Netflix is likely to have a short window to respond if WBD’s board shifts. Reuters: WBD to weigh Paramount offer
• Neutral Sentiment: Regulatory developments: the U.K. said it will align streamer rules with broadcasters, adding compliance considerations for Netflix in a major market (possible modest cost/operational impact). Reuters: UK to regulate streamers
• Negative Sentiment: Political pressure on Netflix intensified after President Trump publicly demanded the company remove board member Susan Rice, raising governance/headline risk and the potential for political interference complicating approval of the WBD transaction. NYT: Paramount Raises Its Bid / Trump Pressure
• Negative Sentiment: Regulatory scrutiny of the Netflix‑WBD deal (DOJ and political scrutiny have been reported) remains a material overhang — even if Netflix avoids the acquisition, the process itself continues to create volatility and uncertainty. MarketWatch: Paramount ups bid

Analyst Ratings Changes

A number of research firms recently weighed in on NFLX. TD Cowen lowered their price target on Netflix from $115.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, January 21st. Erste Group Bank lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Friday, October 31st. Freedom Capital raised Netflix from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Susquehanna upgraded shares of Netflix to a “positive” rating and set a $112.00 target price for the company in a report on Wednesday, January 21st. Finally, President Capital raised Netflix from a “neutral” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.08.

Netflix Profile

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.