251,989 Shares of Netflix, Inc. $NFLX Bought by Professional Advisory Services Inc.

Professional Advisory Services Inc. purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 251,989 shares of the Internet television network’s stock, valued at approximately $17,533,000. Netflix accounts for 2.1% of Professional Advisory Services Inc.’s investment portfolio, making the stock its 25th biggest position.

Several other hedge funds have also recently bought and sold shares of NFLX. BlackRock Inc. acquired a new position in Netflix during the second quarter valued at approximately $24,902,221,000. State Street Corp raised its position in shares of Netflix by 4.9% during 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 buying an additional 8,474,820 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Netflix by 4.3% during 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 acquiring an additional 2,376,349 shares during the last quarter. Invesco Ltd. raised its holdings in Netflix by 835.9% in the fourth quarter. Invesco Ltd. now owns 43,462,696 shares of the Internet television network’s stock worth $4,075,062,000 after purchasing an additional 38,818,947 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Netflix during the second quarter worth about $1,906,482,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. UBS Group lowered their target price on Netflix from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft raised shares of Netflix from a “hold” rating to a “buy” rating and dropped their price target for the stock from $100.00 to $95.00 in a research report on Tuesday, September 29th. CICC Research lowered their price objective on Netflix from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Barclays set a $70.00 target price on Netflix and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, China Intl Cap upgraded shares of Netflix to a “strong-buy” rating in a research report on Tuesday, July 21st. Four analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $94.70.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Warner Bros. deal exit removes major risk: Paramount reportedly paid Netflix approximately $2.8 billion to abandon its pursuit of Warner Bros. Discovery. The payment provides a substantial cash benefit while allowing Netflix to avoid the financing and integration risks of a large acquisition. Paramount paid Netflix $2.8 billion to walk away from its Warner Bros. deal
• Positive Sentiment: Analysts see value after the selloff: A Q3 preview describes Netflix as attractively priced, while Morgan Stanley maintained an “overweight” rating. Although it lowered its price target from $83 to $80, the revised target still implies meaningful upside from recent levels.
• Positive Sentiment: Potential growth beyond subscriptions: Commentary points to an underappreciated business segment—likely including advertising and other newer initiatives—as a possible future growth engine. Advertising revenue is expected to expand substantially, helping offset slower core subscriber and revenue growth. Netflix’s next growth engine could surprise investors
• Positive Sentiment: New content could support engagement: Netflix released a trailer for an eight-episode series about the FTX collapse, scheduled for November 19. The project is not a major financial catalyst by itself, but high-profile original programming can support viewing hours and subscriber retention.
• Neutral Sentiment: Tax-credit proposal offers a possible cost benefit: Proposed U.S. legislation could provide a 20%–30% tax credit for qualifying domestic film and television production. Netflix could benefit if the bill becomes law, but the legislation is not enacted and would apply only to future productions.
• Negative Sentiment: Growth is moderating: Second-quarter revenue rose 13.4% to $12.56 billion, while management expects approximately 11.7% growth in the third quarter. Investors are also concerned about rising content costs and Netflix’s valuation relative to its slower expected growth.
• Negative Sentiment: A larger rival is emerging: The completed Paramount-Warner Bros. combination creates a media group with substantial content assets and annual revenue exceeding Netflix’s, increasing competitive pressure. Its roughly $80 billion debt load may limit spending flexibility, but integration could eventually strengthen the rival’s streaming offering.

Netflix Price Performance

Shares of Netflix stock traded up $1.87 during midday trading on Thursday, reaching $71.57. The company had a trading volume of 46,027,773 shares, compared to its average volume of 42,517,398. The stock has a fifty day simple moving average of $75.48 and a 200 day simple moving average of $81.49. Netflix, Inc. has a 1-year low of $65.08 and a 1-year high of $124.86. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $298.01 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 0.97 and a beta of 1.62.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The company had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 earnings per share. As a group, equities research analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current year.

Insider Activity

In related news, Director Richard N. Barton sold 720 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $75.27, for a total transaction of $54,194.40. Following the completion of the sale, the director directly owned 2,460 shares of the company’s stock, valued at $185,164.20. The trade was a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total transaction of $2,003,335.20. Following the completion of the transaction, the chief executive officer owned 178,954 shares in the company, valued at $13,126,275.90. This represents a 13.24% decrease in their ownership of the stock. 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. In the last three months, insiders sold 179,045 shares of company stock worth $13,132,194. Corporate insiders own 1.24% of the company’s stock.

Netflix Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.