9,822 Netflix, Inc. $NFLX Shares Purchased by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 225.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 14,188 shares of the Internet television network’s stock after acquiring an additional 9,822 shares during the period. Summit Wealth Group LLC Co.’s holdings in Netflix were worth $987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. American Capital Advisory LLC grew its stake in Netflix by 0.8% during the 1st quarter. American Capital Advisory LLC now owns 13,990 shares of the Internet television network’s stock valued at $1,345,000 after purchasing an additional 109 shares during the last quarter. Warner Group LLC raised its stake in shares of Netflix by 2.2% in the first quarter. Warner Group LLC now owns 5,230 shares of the Internet television network’s stock worth $503,000 after purchasing an additional 114 shares during the last quarter. Financial Avengers Inc. raised its stake in shares of Netflix by 9.8% in the first quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network’s stock worth $124,000 after purchasing an additional 115 shares during the last quarter. UNIVEST FINANCIAL Corp lifted its holdings in shares of Netflix by 0.5% during the first quarter. UNIVEST FINANCIAL Corp now owns 27,315 shares of the Internet television network’s stock worth $2,626,000 after purchasing an additional 128 shares during the period. Finally, Granite Bay Wealth Management LLC lifted its holdings in shares of Netflix by 5.8% during the first quarter. Granite Bay Wealth Management LLC now owns 2,365 shares of the Internet television network’s stock worth $227,000 after purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NFLX. The Goldman Sachs Group set a $84.00 price target on shares of Netflix in a report on Wednesday, October 21st. Seaport Research Partners set a $85.00 target price on shares of Netflix in a report on Wednesday, October 21st. William Blair reissued an “outperform” rating on shares of Netflix in a report on Wednesday, October 21st. President Capital decreased their target price on shares of Netflix from $134.00 to $83.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Netflix in a report on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.14.

Insider Activity at Netflix

In other Netflix news, Director Richard N. Barton sold 720 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $75.27, for a total transaction of $54,194.40. Following the transaction, the director directly owned 2,460 shares of the company’s stock, valued at $185,164.20. This trade represents a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Neumann sold 9,248 shares of Netflix stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the completion of the sale, the chief financial officer owned 73,787 shares in the company, valued at approximately $5,592,316.73. This trade represents a 11.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 55,980 shares of company stock worth $3,970,756 in the last quarter. 1.24% of the stock is owned by insiders.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is rolling out an “AI Discover” tab, beginning with recommendations based on users’ moods. Better content discovery could encourage more viewing and support the company’s advertising ambitions. Article: Netflix’s new AI Discover tab helps you find something to watch based on your mood
• Positive Sentiment: Netflix hired former Google executive Darshan Kantak to lead its ads platform, a move that may strengthen its push to grow advertising revenue. Article: Netflix hires Darshan Kantak to lead ads platform
• Neutral Sentiment: Some commentary argues Netflix’s valuation is comparatively low and that continued revenue growth could offer long-term upside. These are investor opinions, not new company guidance or confirmed catalysts. Article: Netflix Trades at a Discount to the S&P 500’s Valuation. Is It Deserved?
• Negative Sentiment: Netflix trimmed its 2026 advertising-revenue forecast to about $2.7 billion and flagged softer engagement. The concerns may weigh on expectations for ad growth, even as the company forecasts a 31.5% full-year operating margin. Article: How Investors May Respond To Netflix Lower Ad Revenue Guidance
• Negative Sentiment: Reports say Netflix is cutting roughly 2%–3% of staff at its London hub, following a broader plan to eliminate about 1,000 roles. The restructuring adds to uncertainty about the company’s operations and growth outlook. Article: Netflix cuts UK staff and parts with production head Anna Mallett, report says

Netflix Stock Up 1.7%

Shares of NFLX opened at $63.42 on Wednesday. The firm has a market cap of $260.42 billion, a P/E ratio of 18.33, a PEG ratio of 0.91 and a beta of 1.62. Netflix, Inc. has a 12 month low of $61.39 and a 12 month high of $116.73. The stock’s 50 day moving average is $72.00 and its two-hundred day moving average is $81.31. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.43.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.05. Netflix had a return on equity of 42.69% and a net margin of 29.69%. The business had revenue of $12.87 billion during the quarter, compared to the consensus estimate of $12.87 billion. During the same period in the prior year, the company posted $0.59 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

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.