Netflix, Inc. $NFLX Stock Bought by Wedmont Private Capital

Wedmont Private Capital grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 9.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 116,842 shares of the Internet television network’s stock after acquiring an additional 9,979 shares during the quarter. Wedmont Private Capital’s holdings in Netflix were worth $8,362,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of NFLX. Intelligence Driven Advisers LLC boosted its stake in Netflix by 4.7% in the 3rd quarter. Intelligence Driven Advisers LLC now owns 8,609 shares of the Internet television network’s stock worth $599,000 after purchasing an additional 390 shares in the last quarter. BOS Asset Management LLC raised its holdings in shares of Netflix by 51.5% in the third quarter. BOS Asset Management LLC now owns 7,801 shares of the Internet television network’s stock worth $543,000 after buying an additional 2,653 shares during the last quarter. Central Bank & Trust Co. lifted its stake in shares of Netflix by 1.7% during the third quarter. Central Bank & Trust Co. now owns 34,055 shares of the Internet television network’s stock worth $2,370,000 after buying an additional 585 shares during the period. Brown Shipley& Co Ltd grew its holdings in shares of Netflix by 6.3% during the third quarter. Brown Shipley& Co Ltd now owns 24,670 shares of the Internet television network’s stock valued at $1,717,000 after buying an additional 1,468 shares during the last quarter. Finally, Insight Wealth Strategies LLC increased its position in shares of Netflix by 2.8% in the 3rd quarter. Insight Wealth Strategies LLC now owns 6,026 shares of the Internet television network’s stock valued at $419,000 after acquiring an additional 166 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded down $1.24 during trading on Friday, hitting $70.33. 14,195,489 shares of the stock traded hands, compared to its average volume of 42,368,336. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The company has a market cap of $292.86 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 0.98 and a beta of 1.62. The company has a fifty day moving average price of $75.48 and a two-hundred day moving average price of $81.49. Netflix, Inc. has a 52-week low of $65.08 and a 52-week high of $124.86.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. As a group, equities analysts predict that Netflix, Inc. will post 3.59 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $90.00 price target on shares of Netflix in a research report on Tuesday. KGI Securities lowered Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 target price on the stock. in a research report on Friday, July 17th. Wells Fargo & Company lowered shares of Netflix from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $80.00 to $57.00 in a research report on Friday, September 18th. CLSA began coverage on shares of Netflix in a research note on Monday, July 20th. They set an “outperform” rating for the company. Finally, Morgan Stanley cut their price objective on shares of Netflix from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $94.70.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Morgan Stanley maintained an Overweight rating while trimming its price target from $83 to $80, implying meaningful upside from recent levels. Other commentary argues Netflix is undervalued based on its long-term cash-generation potential. Morgan Stanley price target
• Positive Sentiment: Some investors remain bullish near the stock’s 52-week low, citing Netflix’s decade of content-production expertise, healthy margins, buybacks and potential growth from advertising, live programming and other newer formats. The company is scheduled to report third-quarter results on October 20. Why investors are buying Netflix
• Positive Sentiment: Netflix is paying approximately $200 million for U.S. rights to the 2027 Women’s World Cup, expanding its live-sports presence and potentially supporting engagement, advertising and subscriber growth. The investment also raises questions about content economics. Netflix Women’s World Cup rights
• Neutral Sentiment: Netflix released a trailer for The Altruists, an eight-episode fictionalized series about the FTX collapse. The November 19 release could attract attention, but its commercial impact is uncertain. Netflix FTX series trailer
• Negative Sentiment: Netflix reportedly plans to eliminate about 5% of its global workforce as early as next week. The cuts could be the company’s largest since 2022 and signal pressure to control operating costs as competition from YouTube and other streaming platforms increases. Netflix workforce reductions
• Negative Sentiment: Bearish commentary highlights decelerating revenue growth, rising content expenses and potentially weaker viewer engagement. Netflix’s second-quarter revenue grew 13.4%, while management expects third-quarter growth to slow to approximately 11.7%, increasing scrutiny ahead of earnings. Netflix growth and cost concerns
• Negative Sentiment: Solana co-founder Anatoly Yakovenko criticized Netflix’s FTX drama, potentially creating reputational and audience backlash, though the effect on the company’s financial results is likely limited. Criticism of Netflix FTX series

Insiders Place Their Bets

In related news, Director Richard N. Barton sold 2,160 shares of Netflix stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $75.10, for a total value of $162,216.00. Following the completion of the transaction, the director owned 246 shares in the company, valued at $18,474.60. The trade was a 89.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Neumann sold 9,248 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $75.79, for a total value 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 SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 179,045 shares of company stock valued at $13,132,194. Insiders own 1.24% of the company’s stock.

About Netflix

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.