Envestnet Asset Management Inc. Has $677 Million Position in Netflix, Inc. $NFLX

Envestnet Asset Management Inc. lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 564,672 shares of the Internet television network’s stock after selling 17,728 shares during the quarter. Envestnet Asset Management Inc. owned about 0.13% of Netflix worth $676,997,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in Netflix during the 2nd quarter worth approximately $31,000. Retirement Wealth Solutions LLC bought a new position in Netflix during the 3rd quarter worth $28,000. Stephens Consulting LLC lifted its holdings in shares of Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after buying an additional 15 shares in the last quarter. Rossby Financial LCC bought a new stake in shares of Netflix in the second quarter valued at about $35,000. Finally, Steph & Co. grew its stake in shares of 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 acquiring an additional 17 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Ad revenue acceleration — Netflix’s ad business is reported to have surged (cited at roughly $1.5B), supporting revenue diversification and margin expansion that underpins the company’s growth thesis. Netflix’s Ad Revenue Surges to $1.5 Billion
• Positive Sentiment: Analyst support — Recent broker actions (Freedom Capital Markets upgrade and Bernstein reiteration) signal continued buy-side conviction, which can limit downside and attract buyers on pullbacks. Freedom Capital Markets Upgrades Netflix Bernstein Remains a Buy on Netflix
• Neutral Sentiment: Deal process progress — Reports say Warner Bros. Discovery may schedule a shareholder vote in March, a procedural step that keeps the acquisition on the calendar but doesn’t resolve regulatory risk. Warner Bros. Discovery vote on Netflix deal likely to be held in March
• Neutral Sentiment: Options market signal — “Max pain” data points to a notional target near $88 by Feb. 20, suggesting short-term option positioning could influence intraday moves but is not a fundamental driver. Netflix Max Pain Points to a Price of $88
• Negative Sentiment: Senate/antitrust scrutiny — Co-CEO Ted Sarandos was questioned in a high-profile Senate hearing about the proposed ~$82.7B Warner Bros. deal; lawmakers raised competition, consumer-price and labor concerns. Intensifying regulatory scrutiny increases the risk the deal will be delayed, conditionally approved, or blocked — a clear negative catalyst. Netflix co‑CEO faces grilling by US Senate panel over Warner Bros deal
• Negative Sentiment: Large insider selling — Director Reed Hastings disclosed a sale of ~390,970 shares (~$32.7M) that reduced his holding by 99%, and other insider sales were reported — such transactions often spook investors even if they’re for diversification or tax reasons. Reed Hastings Insider Sale
• Negative Sentiment: Content/production friction — A German voice-actors’ boycott over AI-training clauses and continuing industry concerns about how the merger affects talent pose reputational and operational risks in key markets. German voice actors boycott Netflix over AI training concerns

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NFLX. Weiss Ratings cut shares of Netflix from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 22nd. Wolfe Research set a $95.00 target price on shares of Netflix and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Guggenheim cut their price target on Netflix from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, January 21st. Royal Bank Of Canada restated a “hold” rating on shares of Netflix in a research note on Wednesday, January 21st. Finally, Barclays reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Netflix in a report on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.17.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 23,439 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $88.11, for a total transaction of $2,065,210.29. Following the sale, the insider owned 316,100 shares of the company’s stock, valued at approximately $27,851,571. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Reed Hastings sold 390,970 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $83.63, for a total value of $32,696,821.10. Following the completion of the transaction, the director owned 3,940 shares of the company’s stock, valued at $329,502.20. The trade was a 99.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,358,500 shares of company stock worth $126,674,340 in the last quarter. Corporate insiders own 1.37% of the company’s stock.

Netflix Stock Down 3.4%

NASDAQ NFLX opened at $79.94 on Wednesday. The business has a fifty day moving average price of $92.79 and a two-hundred day moving average price of $109.23. The stock has a market capitalization of $337.52 billion, a PE ratio of 31.63, a PEG ratio of 1.47 and a beta of 1.71. Netflix, Inc. has a fifty-two week low of $79.62 and a fifty-two week high of $134.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.19 and a quick ratio of 1.19.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 20th. The Internet television network reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company 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%.Netflix’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 EPS. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. Equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Netflix Profile

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.