9,675 Netflix, Inc. $NFLX Shares Purchased by Cohen Capital Management Inc.

Cohen Capital Management Inc. raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 39.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,085 shares of the Internet television network’s stock after buying an additional 9,675 shares during the period. Cohen Capital Management Inc.’s holdings in Netflix were worth $2,372,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Netflix during the 2nd quarter worth approximately $24,902,221,000. State Street Corp lifted its holdings in Netflix by 4.9% during the 2nd quarter. State Street Corp now owns 180,129,582 shares of the Internet television network’s stock valued at $12,861,252,000 after purchasing an additional 8,474,820 shares during the last quarter. Bank of America Corp DE boosted its position in Netflix by 4.3% during the first quarter. Bank of America Corp DE now owns 57,942,812 shares of the Internet television network’s stock worth $5,571,201,000 after purchasing an additional 2,376,349 shares during the period. Invesco Ltd. boosted its position in Netflix by 835.9% during the fourth quarter. Invesco Ltd. now owns 43,462,696 shares of the Internet television network’s stock worth $4,075,062,000 after purchasing an additional 38,818,947 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Netflix during the second quarter worth $1,906,482,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 5,723 shares of Netflix stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total value of $416,920.55. Following the completion of the sale, the insider owned 316,100 shares in the company, valued at $23,027,885. The trade was a 1.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory K. Peters sold 27,312 shares of the business’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 completion of the sale, the chief executive officer directly owned 120,931 shares of the company’s stock, valued at $8,893,265.74. This represents a 18.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 179,045 shares of company stock valued at $13,132,194 in the last three months. Insiders own 1.24% of the company’s stock.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix secured exclusive rights to broadcast the 2030 FIFA World Cup in Spain and Andorra. The deal could increase engagement, subscriber retention and advertising opportunities, though its financial impact was not disclosed. Netflix Stock Scores as It Lands 2030 World Cup Rights
• Positive Sentiment: KeyCorp lowered its price target to $85 from $92 but retained an Overweight rating, implying substantial upside from recent trading levels. The firm identified four potential recovery levers, including stronger execution on advertising, content and growth initiatives. KeyBanc Sees Four Ways to Recover
• Neutral Sentiment: Netflix reports third-quarter results on Oct. 20. Wall Street will be watching whether revenue growth can meet guidance of about 12%, whether advertising is scaling and whether free cash flow rebounds after declining in the prior quarter. Netflix Earnings and Free Cash Flow
• Neutral Sentiment: Some investors remain bullish because Netflix continues to post high margins, growing sales and a rising subscriber base. International regions are expanding faster than the U.S. and Canada, but the home market still contributes about 43% of second-quarter revenue and grew only 10%. Netflix Stock Prediction for 2027
• Negative Sentiment: Huber Research issued a rare double downgrade, moving Netflix from Buy to Sell and citing concerns about valuation, weaker viewership and intensifying competition from platforms such as YouTube. Netflix Double Downgraded by Huber Research
• Negative Sentiment: Additional bearish coverage points to content-quality concerns, slowing growth across regions, possible large-scale layoffs and uncertainty over Netflix’s ability to sustain its premium valuation. Erste Group also slightly reduced its 2027 EPS forecast.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NFLX. HSBC lowered shares of Netflix from a “buy” rating to a “hold” rating and dropped their price objective for the company from $96.00 to $76.00 in a research report on Tuesday, September 22nd. DZ Bank reaffirmed a “buy” rating on shares of Netflix in a report on Monday, July 20th. KGI Securities downgraded shares of Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 target price for the company. in a report on Friday, July 17th. Daiwa Securities Group decreased their price target on shares of Netflix from $102.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $90.00 price target on shares of Netflix in a research note on Tuesday, October 6th. Three analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $94.53.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $70.46 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $293.39 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 1.00 and a beta of 1.62. The stock’s fifty day moving average price is $75.34 and its two-hundred day moving average price is $81.03. Netflix, Inc. has a one year low of $65.08 and a one year high of $124.86.

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

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.