Netflix, Inc. $NFLX Shares Purchased by Prosperitas Financial LLC

Prosperitas Financial LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 19.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 86,260 shares of the Internet television network’s stock after purchasing an additional 13,996 shares during the period. Netflix makes up 1.8% of Prosperitas Financial LLC’s portfolio, making the stock its 20th biggest holding. Prosperitas Financial LLC’s holdings in Netflix were worth $6,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Netflix in the second quarter valued at about $24,902,221,000. State Street Corp increased its position in Netflix by 4.9% during the second quarter. State Street Corp now owns 180,129,582 shares of the Internet television network’s stock worth $12,861,252,000 after acquiring an additional 8,474,820 shares during the period. Bank of America Corp DE raised its stake in Netflix by 4.3% in the 1st 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 in the last quarter. Bank of New York Mellon Corp acquired a new stake in Netflix in the 2nd quarter worth about $1,906,482,000. Finally, Legal & General Group Plc bought a new stake in Netflix in the 2nd quarter valued at about $1,886,526,000. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on NFLX shares. JPMorgan Chase & Co. lowered their target price on shares of Netflix from $85.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $80.00 price target (down from $95.00) on shares of Netflix in a research note on Wednesday, October 21st. Itau BBA Securities reduced their price target on Netflix from $151.40 to $96.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Evercore restated an “outperform” rating and set a $90.00 price objective on shares of Netflix in a research note on Wednesday, October 21st. Finally, Citigroup reaffirmed a “buy” rating and issued a $85.00 price objective (down from $100.00) on shares of Netflix in a report on Wednesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.14.

Netflix Stock Performance

Shares of Netflix stock opened at $62.08 on Friday. The company has a 50 day moving average of $72.67 and a 200-day moving average of $81.57. Netflix, Inc. has a 1-year low of $61.39 and a 1-year high of $116.73. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.43. The company has a market cap of $254.92 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 0.91 and a beta of 1.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, beating the consensus estimate 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. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 earnings per share. As a group, equities research analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix repurchased approximately $4.8 billion of stock in the third quarter, signaling that management views the shares as undervalued. The company’s scale, strong margins and ability to spread content costs across a large subscriber base also support the bullish case. Netflix Spent $4.8 Billion Buying Back Stock in 1 Quarter
• Positive Sentiment: Netflix’s latest quarterly earnings exceeded expectations, with earnings per share of $0.87 versus an $0.82 consensus estimate. Revenue rose 11.9% year over year and the company reported a 29.69% net margin, highlighting continued financial strength.
• Neutral Sentiment: Analyst comparisons with Amazon and Walt Disney acknowledge Netflix’s valuable entertainment position, but suggest Amazon’s diversified ecosystem, Prime Video reach and advertising tools—or Disney’s broader media assets—may offer greater upside. Amazon vs. Netflix: Which Stock Is the Better Entertainment Play?
• Neutral Sentiment: Netflix is experimenting with live events and other ways to capture viewers’ attention, while reportedly walking away from an Xbox licensing deal. These strategic moves could create new growth opportunities, but their financial impact remains uncertain. The Battle That May Matter Most for Netflix Stock
• Negative Sentiment: Revenue growth has slowed for three consecutive quarters, and investors remain concerned about disappointing guidance. Reuters reports that the stock has lost about one-third of its value this year as the market reassesses Netflix’s growth outlook. Mapping the Market: More losses in store for Netflix shares?
• Negative Sentiment: Competition for living-room viewing and advertising is intensifying. YouTube’s television advertising business reportedly generated more in one quarter than Netflix’s full-year advertising forecast, raising concerns about Netflix’s ability to scale its newer ad-supported business. YouTube’s Living-Room Business
• Negative Sentiment: Reports that members are watching less, along with criticism that Netflix’s content-discovery experience is weakening its historical selling point, are fueling worries about engagement, retention and future subscriber growth. Insider selling has added another negative signal. Netflix Can’t Lift, Jim Cramer Says

Insider Activity at Netflix

In related news, CEO Gregory Peters sold 27,312 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was 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 in the company, valued at $8,893,265.74. This represents a 18.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Theodore Sarandos sold 105,850 shares of Netflix stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $73.03, for a total value of $7,730,225.50. Following the completion of the transaction, the chief executive officer owned 206,266 shares in the company, valued at approximately $15,063,605.98. This represents a 33.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 197,025 shares of company stock worth $14,283,453 in the last three months. Insiders own 1.24% of the company’s stock.

About Netflix

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.