8,413 Shares in Netflix, Inc. $NFLX Purchased by Leo Wealth LLC

Leo Wealth LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,413 shares of the Internet television network’s stock, valued at approximately $585,000.

Several other institutional investors have also made changes to their positions in NFLX. BlackRock Inc. acquired a new stake in Netflix in the second quarter valued at approximately $24,902,221,000. Bank of New York Mellon Corp acquired a new stake in shares of Netflix in the second quarter worth $1,906,482,000. Legal & General Group Plc bought a new position in Netflix in the second quarter worth $1,886,526,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Netflix in the second quarter valued at about $1,481,303,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Netflix by 194.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 16,111,438 shares of the Internet television network’s stock valued at $1,121,034,000 after purchasing an additional 10,647,803 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 5,723 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total transaction of $416,920.55. Following the completion of the transaction, the insider directly owned 316,100 shares in the company, valued at $23,027,885. The trade was a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Neumann sold 9,248 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $75.79, for a total value of $700,905.92. Following the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at $5,592,316.73. This trade represents a 11.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 197,025 shares of company stock valued at $14,283,453 in the last ninety days. Insiders own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NFLX shares. Rosenblatt Securities set a $71.00 price target on Netflix and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. Loop Capital cut their target price on shares of Netflix from $115.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Daiwa Securities Group cut their price objective on shares of Netflix from $102.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Jefferies Financial Group set a $85.00 price objective on shares of Netflix and gave the company a “buy” rating in a report on Thursday, October 15th. Finally, KeyCorp lowered their target price on Netflix from $92.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.14.

Netflix Stock Down 2.2%

Netflix stock opened at $62.52 on Wednesday. The stock has a market cap of $256.73 billion, a P/E ratio of 18.07 and a beta of 1.62. Netflix, Inc. has a twelve month low of $62.48 and a twelve month high of $116.73. The company’s 50-day moving average price is $73.71 and its two-hundred day moving average price is $81.99.

Netflix (NASDAQ:NFLX) last announced its 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. The business had revenue of $12.87 billion during the quarter, compared to the consensus estimate of $12.87 billion. The company’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS. Equities analysts anticipate that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix exceeded third-quarter earnings expectations, reporting $0.87 in EPS versus the $0.82 consensus estimate. Revenue of $12.87 billion matched forecasts and increased 11.9% year over year. Record margins and improving economics provide fundamental support for the shares. Netflix Just Posted a Record Margin. So Why Is Wall Street Panicking?
• Positive Sentiment: Some research argues that Netflix’s wider margins, international revenue growth and disciplined economics could create a long-term opportunity, even as near-term engagement metrics weaken. Netflix: Not Winning On Attention, Winning On Economics
• Neutral Sentiment: Director Bradford Smith sold 17,980 shares for approximately $1.15 million under a pre-arranged Rule 10b5-1 trading plan. The sale reduces his holdings by 18.4%, but the planned nature of the transaction limits its significance as a signal about management’s outlook. Netflix Director SEC Filing
• Negative Sentiment: The main catalyst for the selloff is weak fourth-quarter revenue guidance and an implied full-year growth rate of roughly 13%. Investors viewed the outlook as insufficient despite the EPS beat, while Netflix also reduced its 2026 advertising-revenue outlook to approximately $2 billion.
• Negative Sentiment: Concerns that Netflix is losing watch-hour share and cultural relevance have raised questions about its ability to sustain subscriber engagement in its mature U.S. market. Management acknowledged that U.S. engagement can improve, adding to worries about competition from short-form video and artificial intelligence. Netflix Stock Falls on Report That Viewers Watch Less
• Negative Sentiment: Wall Street analysts have lowered their assessments, with Needham moving Netflix to Hold, Wolfe Research to Peer Perform, and UBS, Piper Sandler and Rosenblatt trimming price targets. The downgrades reinforce the view that the stock’s prior valuation assumed faster growth. Needham Downgrades Netflix

Netflix Company 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.