Netflix, Inc. $NFLX Shares Purchased by Pension & Wealth Management Advisors Inc.

Pension & Wealth Management Advisors Inc. grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 95,260.0% during the 3rd quarter, Holdings Channel reports. The firm owned 9,536 shares of the Internet television network’s stock after purchasing an additional 9,526 shares during the period. Pension & Wealth Management Advisors Inc.’s holdings in Netflix were worth $664,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NFLX. BlackRock Inc. acquired a new position in Netflix during the second quarter worth about $24,902,221,000. Invesco Ltd. raised its holdings in shares of Netflix by 835.9% in the 4th 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. Bank of New York Mellon Corp bought a new stake in shares of Netflix in the 2nd quarter worth approximately $1,906,482,000. Legal & General Group Plc acquired a new stake in Netflix during the second quarter valued at approximately $1,886,526,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Netflix during the second quarter valued at approximately $1,481,303,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Jefferies upgraded Netflix (NFLX) to “strong buy,” citing potential support from pricing increases and advertising growth. Wedbush also maintained an “outperform” rating, although it lowered its price target to $90 from $105. Netflix stock gets bullish analyst call
• Positive Sentiment: Options activity is signaling expectations for a substantial post-earnings move, while sentiment remains bullish in some derivatives markets. Technical analysts also see a possible double-bottom pattern, with a break above $83.60 potentially opening a path toward $102.12. Barchart Netflix earnings outlook
• Neutral Sentiment: Netflix is replacing Chief Content Officer Bela Bajaria with former Disney and Fox executive Peter Rice. His experience across scripted programming, live sports, unscripted content and theatrical distribution could help Netflix develop new hits, but the abrupt change before earnings highlights pressure to improve engagement. Netflix appoints Peter Rice
• Negative Sentiment: Netflix announced plans to eliminate about 1,000 jobs, or 6% of its workforce, one day before the content-chief transition. Although the cuts may improve efficiency, investors viewed them as evidence of a sharper growth reset and concerns about the company’s content strategy. Netflix shares under pressure after content chief departure
• Negative Sentiment: Pre-earnings concerns include slowing viewership, rising churn, declining engagement and intensifying competition. Analysts also warn that Netflix’s premium valuation leaves little room for disappointing guidance, while options traders anticipate a move that could take the stock toward a two-year low. Netflix Q3 earnings outlook

Netflix Stock Down 2.9%

Netflix stock traded down $2.08 during mid-day trading on Friday, hitting $70.53. The company’s stock had a trading volume of 44,092,721 shares, compared to its average volume of 38,724,876. Netflix, Inc. has a 52-week low of $65.08 and a 52-week high of $124.86. The company has a market cap of $293.68 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 1.02 and a beta of 1.62. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s 50 day moving average is $75.17 and its 200 day moving average is $80.66.

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, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $12.56 billion for the quarter, compared to analysts’ expectations of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 EPS. On average, analysts anticipate that Netflix, Inc. will post 3.59 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Spencer Neumann sold 9,248 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at approximately $5,592,316.73. The trade was a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 27,312 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the transaction, the chief executive officer directly owned 120,931 shares in the company, valued at $8,893,265.74. The trade was a 18.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 179,045 shares of company stock valued at $13,132,194 over the last ninety days. Insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. UBS Group decreased their target price on Netflix from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, July 17th. Phillip Securities upgraded Netflix from a “moderate buy” rating to a “strong-buy” rating and set a $110.00 price target for the company in a research report on Sunday, July 19th. China Renaissance dropped their price target on Netflix from $100.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, July 17th. Morgan Stanley cut their price objective on Netflix from $83.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Finally, Daiwa Securities Group reduced their price objective on shares of Netflix from $102.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.82.

About Netflix

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.