Bank Pictet & Cie Europe AG Purchases 64,617 Shares of Netflix, Inc. $NFLX

Bank Pictet & Cie Europe AG lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 52.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 188,806 shares of the Internet television network’s stock after buying an additional 64,617 shares during the period. Bank Pictet & Cie Europe AG’s holdings in Netflix were worth $13,137,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd bought a new stake in Netflix during the second quarter valued at $26,000. Compound Global Advisors LLC purchased a new position in Netflix during the second quarter worth about $29,000. Burnham & Co LLC bought a new position in Netflix in the 2nd quarter worth about $29,000. Merkkuri Wealth Advisors LLC bought a new position in Netflix in the 1st quarter worth about $31,000. Finally, Bayban increased its stake in Netflix by 400.0% in the 1st quarter. Bayban now owns 350 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 280 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on NFLX. Yorkville Ives began coverage on Netflix in a report on Monday, October 5th. They issued an “in-line” rating and a $75.00 price target on the stock. Wolfe Research reissued an “outperform” rating and set a $95.00 price objective (up from $84.00) on shares of Netflix in a report on Tuesday, August 25th. New Street Research upped their price objective on shares of Netflix from $96.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Wells Fargo & Company cut shares of Netflix from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $80.00 to $57.00 in a research report on Friday, September 18th. Finally, Seaport Research Partners reaffirmed a “buy” rating and issued a $90.00 target price on shares of Netflix in a research note on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $93.38.

Insider Transactions at Netflix

In other news, insider David Hyman sold 5,723 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total transaction of $416,920.55. Following the transaction, the insider directly owned 316,100 shares in the company, valued at approximately $23,027,885. This represents a 1.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Neumann sold 9,248 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $75.79, for a total value of $700,905.92. Following the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $5,592,316.73. This represents a 11.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 179,045 shares of company stock worth $13,132,194. Company insiders own 1.24% of the company’s stock.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Analysts see Netflix’s advertising business potentially generating roughly $3 billion in 2026 revenue. Upfront commitments have nearly doubled, suggesting improving demand for the company’s ad-supported tier and a potentially meaningful new growth driver. Analysts Eye $3 Billion Ad Revenue Surge Ahead of Netflix Earnings
• Positive Sentiment: Some analysts remain bullish, with Jefferies initiating coverage at Buy and setting an $85 price target. Potential catalysts include subscription pricing, advertising monetization and live programming. Jefferies Makes a Bold $85 Call on Netflix Stock
• Positive Sentiment: Wall Street expects year-over-year growth in third-quarter revenue and earnings, giving Netflix an opportunity to restore investor confidence if it delivers strong guidance. Netflix Stock Has Fallen After 5 Straight Reports
• Neutral Sentiment: Options markets imply an unusually large post-earnings move, with traders focused on whether results could send the shares toward a two-year low or trigger a recovery. Here’s How Much Traders See Netflix Stock Moving After Earnings
• Negative Sentiment: Netflix has cut about 1,000 jobs, or 6% of its workforce, while Chief Content Officer Bela Bajaria and film chief Dan Lin have departed. The restructuring raises questions about execution, creative direction and management’s confidence in growth. Netflix Film Division Boss to Exit
• Negative Sentiment: Investors are worried about a reported 26% drop in viewer engagement, disappointing programming and rising costs for live events and sports. These issues could pressure subscriber growth and increase the importance of ad revenue. Netflix Faces Q3 Earnings Test as Viewer Engagement Drops
• Negative Sentiment: Analysts have recently reduced some price targets, and a stronger Skydance formed by Paramount and HBO could intensify competition for premium films and streaming audiences. Could Skydance Pose a Big Threat to Netflix’s Future Growth?

Netflix Price Performance

NFLX traded down $0.57 during trading on Tuesday, reaching $69.28. The stock had a trading volume of 17,488,551 shares, compared to its average volume of 42,096,238. The business has a 50-day moving average of $75.04 and a 200-day moving average of $80.38. Netflix, Inc. has a one year low of $65.08 and a one year high of $124.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $288.46 billion, a PE ratio of 21.83, a PEG ratio of 1.00 and a beta of 1.62.

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.