128,091 Netflix, Inc. $NFLX Shares Sold by Cornerstone Advisors LLC

Cornerstone Advisors LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 31.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 283,190 shares of the Internet television network’s stock after selling 128,091 shares during the quarter. Cornerstone Advisors LLC’s holdings in Netflix were worth $19,704,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Nykredit A S purchased a new stake in shares of Netflix during the second quarter worth approximately $105,697,000. Rockland Trust Co. raised its holdings in 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 acquiring an additional 47,339 shares in the last quarter. Boomfish Wealth Group LLC raised its holdings in 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 acquiring an additional 16,510 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Netflix in the second quarter worth approximately $37,743,000. Finally, Sarasin & Partners LLP lifted its stake in 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 acquiring an additional 259,794 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on NFLX shares. TD Cowen reiterated a “buy” rating and set a $100.00 price target on shares of Netflix in a report on Wednesday, October 21st. BMO Capital Markets restated an “outperform” rating and issued a $125.00 price objective (down from $135.00) on shares of Netflix in a report on Friday, October 16th. KeyCorp decreased their price objective on shares of Netflix from $92.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Loop Capital lowered their target price on shares of Netflix from $115.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Finally, Itau BBA Securities dropped their target price on Netflix from $151.40 to $96.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $89.14.

Netflix Stock Performance

Shares of Netflix stock opened at $62.15 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a 52 week low of $61.39 and a 52 week high of $115.25. The firm’s 50 day moving average is $69.18 and its two-hundred day moving average is $80.42. The firm has a market capitalization of $255.21 billion, a P/E ratio of 21.40, a P/E/G ratio of 0.92 and a beta of 1.62.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.05. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The business had revenue of $12.87 billion during the quarter, compared to the consensus estimate of $12.87 billion. During the same quarter in the previous year, the firm earned $0.59 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. Research analysts forecast that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Insider Activity

In related news, Director Bradford Smith sold 17,980 shares of Netflix stock in a transaction on Monday, October 26th. The shares were sold at an average price of $64.03, for a total transaction of $1,151,259.40. Following the sale, the director directly owned 79,690 shares in the company, valued at $5,102,550.70. This trade represents a 18.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Hyman sold 5,727 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $64.55, for a total transaction of $369,677.85. Following the completion of the sale, the insider directly owned 166,100 shares of the company’s stock, valued at approximately $10,721,755. This trade represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 89,024 shares of company stock worth $5,788,733 over the last three months. Company insiders own 1.24% of the company’s stock.

Netflix News Roundup

These are some of the NFLX news items that stood out recently:

• Positive Sentiment: Billionaire investor Bill Ackman reiterated his bullish view and called Netflix undervalued, offering a high-profile vote of confidence. Billionaire investor Bill Ackman on why he’s staying bullish on Netflix
• Negative Sentiment: Recent reports cite slowing engagement, YouTube competition, a costly content strategy, a scrapped Warner Bros. deal, and a stalled ad push. One article says the stock has fallen 53% from its June 2025 peak, reflecting damaged investor confidence. Netflix Wipes Out Five Years of Gains
• Negative Sentiment: Rising content spending is testing Netflix’s free-cash-flow outlook, even though the company is generating cash and has a busy holiday slate. Will Content Capex Weigh on Netflix’s Free Cash Flow Trajectory?

Netflix Company Profile

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.