Netflix, Inc. $NFLX Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,664 shares of the Internet television network’s stock after selling 29,336 shares during the quarter. Park Avenue Securities LLC’s holdings in Netflix were worth $13,127,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Netflix in the second quarter valued at approximately $24,902,221,000. State Street Corp lifted its stake 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 purchasing an additional 8,474,820 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Netflix by 4.3% during the first 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 buying an additional 2,376,349 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Netflix in the second quarter valued at $1,906,482,000. Finally, Legal & General Group Plc acquired a new stake in shares of Netflix during the second quarter worth about $1,886,526,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Down 2.2%

Shares of NFLX opened at $62.52 on Wednesday. The company has a market capitalization of $256.73 billion, a price-to-earnings ratio of 18.07 and a beta of 1.62. Netflix, Inc. has a 52-week low of $62.48 and a 52-week high of $116.73. The stock has a 50 day moving average price of $73.71 and a 200 day moving average price of $81.99.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. The company had revenue of $12.87 billion for the quarter, compared to analyst estimates of $12.87 billion. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. On average, equities analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 105,850 shares of Netflix stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $73.03, for a total transaction of $7,730,225.50. Following the transaction, the chief executive officer owned 206,266 shares of the company’s stock, valued at $15,063,605.98. The trade was a 33.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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. Also, Director Bradford L. Smith sold 17,980 shares of Netflix stock in a transaction that occurred on 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 directly owned 79,690 shares in the company, valued at approximately $5,102,550.70. This trade represents a 18.41% 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. In the last 90 days, insiders have sold 197,025 shares of company stock worth $14,283,453. 1.24% of the stock is currently owned by company insiders.

Netflix News Summary

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NFLX shares. Wedbush dropped their price objective on shares of Netflix from $105.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Deutsche Bank Aktiengesellschaft set a $93.00 target price on shares of Netflix in a report on Wednesday, October 21st. DZ Bank reissued a “buy” rating on shares of Netflix in a research report on Monday, July 20th. TD Cowen reissued a “buy” rating and issued a $100.00 price target on shares of Netflix in a research report on Wednesday, October 21st. Finally, President Capital dropped their price target on shares of Netflix from $134.00 to $83.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average target price of $89.14.

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.