18,285 Netflix, Inc. $NFLX Shares Sold by Independence Bank of Kentucky

Independence Bank of Kentucky reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 20.8% in the third quarter, Holdings Channel.com reports. The fund owned 69,796 shares of the Internet television network’s stock after selling 18,285 shares during the period. Independence Bank of Kentucky’s holdings in Netflix were worth $4,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Bayban grew its position in Netflix by 400.0% during the first quarter. Bayban now owns 350 shares of the Internet television network’s stock worth $34,000 after buying an additional 280 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in Netflix in the second quarter valued at $26,000. Sawyer & Company Inc purchased a new stake in Netflix during the third quarter valued at about $27,000. Compound Global Advisors LLC purchased a new stake in Netflix during the second quarter valued at about $29,000. Finally, Burnham & Co LLC purchased a new stake in Netflix during the second quarter valued at about $29,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wells Fargo & Company cut Netflix from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $80.00 to $57.00 in a report on Friday, September 18th. Loop Capital cut their target price on Netflix from $115.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Wolfe Research cut shares of Netflix from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 22nd. Yorkville Ives assumed coverage on shares of Netflix in a research note on Monday, October 5th. They set an “in-line” rating and a $75.00 price target on the stock. Finally, New Street Research boosted their price objective on shares of Netflix from $96.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Two 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.14.

Insider Activity

In other Netflix news, Director Bradford L. Smith sold 17,980 shares of the stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $64.03, for a total value of $1,151,259.40. Following the transaction, the director owned 79,690 shares of the company’s stock, valued at approximately $5,102,550.70. This represents a 18.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 firm’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 in the company, valued at $5,592,316.73. The trade was a 11.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 197,025 shares of company stock worth $14,283,453. Insiders own 1.24% of the company’s stock.

Key Headlines Impacting Netflix

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 Stock Performance

Shares of NFLX opened at $62.52 on Wednesday. The stock has a market cap of $256.73 billion, a PE ratio of 18.07 and a beta of 1.62. Netflix, Inc. has a fifty-two week low of $62.48 and a fifty-two week high of $116.73. The firm’s 50-day simple moving average is $73.71 and its two-hundred day simple moving average is $81.99.

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 firm had revenue of $12.87 billion for the quarter, compared to analysts’ expectations of $12.87 billion. During the same period last year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post 3.59 EPS for the current year.

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.