Netflix, Inc. $NFLX Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 774,339 shares of the Internet television network’s stock after selling 13,381 shares during the period. Netflix makes up 0.7% of Rhumbline Advisers’ investment portfolio, making the stock its 14th largest position. Rhumbline Advisers’ holdings in Netflix were worth $928,370,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Legacy Investment Solutions LLC purchased a new stake in shares of Netflix in the 2nd quarter valued at approximately $31,000. Retirement Wealth Solutions LLC purchased a new position in shares of Netflix during the 3rd quarter worth approximately $28,000. Rossby Financial LCC purchased a new stake in Netflix in the second quarter valued at approximately $35,000. Steph & Co. raised its position in Netflix by 188.9% in the third quarter. Steph & Co. now owns 26 shares of the Internet television network’s stock valued at $31,000 after purchasing an additional 17 shares during the period. Finally, LGT Financial Advisors LLC acquired a new position in Netflix during the second quarter worth $40,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Market-position reminder — Coverage highlighting Netflix as a subscription-economy leader reinforces its long-term franchise and gives value-seeking investors a buy-the-dip narrative. 2 Subscription Economy Winners That Still Dominate Their Niches
• Positive Sentiment: Options activity concentrated after earnings — Elevated options flow signals that traders are positioning for a directional move, which can amplify short-term rallies. Options Traders Have Been Eyeing Netflix Stock After Earnings
• Neutral Sentiment: Management downplays regulatory risk — Netflix’s chief global affairs officer characterized the DOJ antitrust probe into its Warner Bros. deal as “ordinary course of business,” a calming message but not a change to the regulatory timeline. Netflix exec calls DOJ probe into $82.7B Warner Bros deal ‘ordinary course of business’
• Neutral Sentiment: Public messaging repeated on TV — Senior execs reiterated the same framing on broadcast interviews; useful for sentiment but unlikely to alter regulatory outcomes. DOJ antitrust probe on Netflix’s Warner Bros bid ‘TOTALLY ORDINARY,’ exec says
• Negative Sentiment: Competing bid raises deal risk — Paramount Skydance sweetened its hostile offer for Warner Bros. Discovery, outbidding Netflix’s $27.75 cash proposal and increasing the chance Netflix loses the asset or faces a higher acquisition price; this is the biggest near-term negative catalyst for NFLX. Paramount Skydance enhances Warner Bros acquisition offer to compete with Netflix
• Negative Sentiment: Insider sale — CFO Spencer Neumann sold ~9,248 shares in early February, a disclosed $751k sale that may be read negatively by some investors despite being a small portion of total holdings. Netflix (NASDAQ:NFLX) CFO Sells $751,584.96 in Stock
• Negative Sentiment: Analyst caution & macro narratives — Opinion pieces and analyst notes flag slowing growth risks, historical sharp drawdowns, and continued volatility, feeding a bear/short narrative that can keep downside pressure elevated. Is The Netflix Party Over? Watch Out For These 3 Red Flags

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NFLX shares. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Netflix in a research note on Wednesday, January 21st. William Blair reaffirmed an “outperform” rating on shares of Netflix in a research report on Wednesday, January 21st. Morgan Stanley set a $110.00 price target on shares of Netflix and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. JPMorgan Chase & Co. lowered their price objective on shares of Netflix from $127.50 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, November 18th. Finally, Barclays restated a “neutral” rating and issued a $110.00 price objective on shares of Netflix in a report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $116.08.

Netflix Trading Up 0.9%

NASDAQ:NFLX opened at $82.21 on Wednesday. Netflix, Inc. has a 1 year low of $79.22 and a 1 year high of $134.12. The stock has a market cap of $347.10 billion, a P/E ratio of 32.53, a P/E/G ratio of 1.45 and a beta of 1.71. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a 50-day simple moving average of $90.17 and a 200-day simple moving average of $107.83.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $11.97 billion. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The firm’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. As a group, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Bradford L. Smith sold 31,790 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $88.86, for a total value of $2,824,859.40. Following the completion of the transaction, the director owned 79,690 shares in the company, valued at approximately $7,081,253.40. This represents a 28.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Reed Hastings sold 426,290 shares of Netflix stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $91.67, for a total transaction of $39,078,004.30. Following the sale, the director owned 3,940 shares in the company, valued at $361,179.80. This represents a 99.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,362,988 shares of company stock worth $126,902,168. 1.37% of the stock is currently owned by company insiders.

About Netflix

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.