Parr Mcknight Wealth Management Group LLC Makes New $2.39 Million Investment in Netflix, Inc. $NFLX

Parr Mcknight Wealth Management Group LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the 3rd quarter, HoldingsChannel reports. The fund purchased 34,349 shares of the Internet television network’s stock, valued at approximately $2,390,000.

Several other institutional investors have also recently made changes to their positions in NFLX. Provenance Wealth Advisors LLC increased its position in shares of Netflix by 1,074.4% in the third quarter. Provenance Wealth Advisors LLC now owns 39,694 shares of the Internet television network’s stock worth $2,762,000 after purchasing an additional 36,314 shares during the last quarter. Ackerman Capital Advisors LLC raised its stake in Netflix by 2.4% in the third quarter. Ackerman Capital Advisors LLC now owns 8,060 shares of the Internet television network’s stock valued at $561,000 after purchasing an additional 190 shares in the last quarter. Associated Banc Corp purchased a new stake in Netflix in the third quarter valued at approximately $29,893,000. Integrity Advisory Solutions LLC lifted its position in Netflix by 47.4% during the third quarter. Integrity Advisory Solutions LLC now owns 10,423 shares of the Internet television network’s stock valued at $725,000 after purchasing an additional 3,354 shares during the last quarter. Finally, First Nebraska Trust Co bought a new stake in Netflix during the third quarter valued at approximately $3,638,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Neumann sold 9,248 shares of Netflix stock in a transaction on 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 owned 73,787 shares in the company, valued at $5,592,316.73. This trade represents a 11.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory Peters sold 27,312 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the completion of the sale, the chief executive officer directly owned 120,931 shares of the company’s stock, valued at $8,893,265.74. This represents a 18.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 55,980 shares of company stock worth $3,970,756 in the last 90 days. 1.24% of the stock is owned by company insiders.

Netflix Trading Up 1.7%

NFLX stock opened at $63.42 on Wednesday. The company has a market capitalization of $260.42 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 0.91 and a beta of 1.62. Netflix, Inc. has a one year low of $61.39 and a one year high of $116.73. The company’s 50 day moving average price is $72.00 and its two-hundred day moving average price is $81.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.07.

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

Key Headlines Impacting Netflix

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NFLX shares. Huber Research cut shares of Netflix from a “buy” rating to an “underweight” rating in a research note on Tuesday, October 13th. Jefferies Financial Group set a $85.00 price target on shares of Netflix and gave the stock a “buy” rating in a report on Thursday, October 15th. Barclays set a $65.00 price objective on shares of Netflix and gave the company an “equal weight” rating in a research report on Wednesday, October 21st. Guggenheim dropped their price objective on shares of Netflix from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 21st. Finally, Loop Capital cut their target price on shares of Netflix from $115.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.14.

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.