Netflix, Inc. $NFLX Stock: Northeast Investment Management Trims Stake

Northeast Investment Management trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 43.9% during the third quarter, HoldingsChannel reports. The firm owned 98,111 shares of the Internet television network’s stock after selling 76,667 shares during the quarter. Northeast Investment Management’s holdings in Netflix were worth $6,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Netflix during the second quarter worth about $24,902,221,000. State Street Corp boosted its stake in Netflix by 4.9% in the second quarter. State Street Corp now owns 180,129,582 shares of the Internet television network’s stock valued at $12,861,252,000 after acquiring an additional 8,474,820 shares during the last quarter. Bank of America Corp DE boosted its stake in Netflix by 4.3% in the first quarter. Bank of America Corp DE now owns 57,942,812 shares of the Internet television network’s stock valued at $5,571,201,000 after acquiring an additional 2,376,349 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Netflix during the 2nd quarter valued at approximately $1,906,482,000. Finally, Legal & General Group Plc bought a new position in shares of Netflix during the 2nd quarter valued at approximately $1,886,526,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bill Ackman described Netflix as “incredibly cheap” after the shares fell sharply from their 2025 peak. The article also notes that third-quarter churn improved year over year, a potentially encouraging sign for customer retention. Article: Bill Ackman on Netflix valuation
• Positive Sentiment: One analysis points to record profits, nearly $5 billion in share repurchases, and deals with Disney and the NFL as evidence of Netflix’s broader strategy. Those factors may support the bullish view that the business is stronger than its share price suggests. Article: Netflix Is Playing a Bigger Game
• Positive Sentiment: Netflix is testing an AI-powered “Discover” tab that lets viewers seek recommendations based on their mood. Better discovery could help keep users engaged, though the feature’s effect on retention or revenue is not yet established. Article: Netflix’s new AI Discover tab
• Neutral Sentiment: Director David Hyman sold 5,727 shares, but the filing says the sale covered tax withholding tied to vested equity awards. He retained 166,100 shares, making the transaction less indicative of a change in his outlook. SEC filing
• Negative Sentiment: Bearish considerations include slowing revenue growth, uninspiring guidance, and concerns about falling viewing hours and Netflix’s changing content mix. These issues may help explain why the stock remains far below its 2025 high despite reported business strengths. Article: Netflix Trades at a Discount to the S&P 500’s Valuation

Netflix Stock Up 4.7%

NFLX opened at $66.39 on Thursday. Netflix, Inc. has a 12 month low of $61.39 and a 12 month high of $116.73. The company has a market cap of $272.62 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 0.93 and a beta of 1.62. 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 50 day moving average of $71.68 and a 200 day moving average of $81.20.

Netflix (NASDAQ:NFLX) last issued 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 for the quarter, compared to analysts’ expectations of $12.87 billion. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 3.59 EPS for the current year.

Insider Buying and Selling

In related news, Director Bradford Smith sold 17,980 shares of the business’s stock in a transaction on Monday, October 26th. The stock was 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 approximately $5,102,550.70. The trade was a 18.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Neumann sold 9,248 shares of the 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 sale, the chief financial officer directly owned 73,787 shares in the company, 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 a total of 34,395 shares of company stock valued at $2,331,910 in the last ninety days. 1.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research analyst reports. BMO Capital Markets restated an “outperform” rating and set a $125.00 price target (down from $135.00) on shares of Netflix in a research note on Friday, October 16th. Argus set a $95.00 price objective on Netflix and gave the company a “buy” rating in a report on Thursday, October 22nd. William Blair reissued an “outperform” rating on shares of Netflix in a research report on Wednesday, October 21st. Bank of America lowered their target price on Netflix from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, October 21st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $80.00 price target (down from $85.00) on shares of Netflix in a research report on Wednesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.14.

Netflix 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.