Financial Management Network Inc. Buys 106 Shares of Netflix, Inc. $NFLX

Financial Management Network Inc. grew its position in Netflix, Inc. (NASDAQ:NFLX) by 25.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 516 shares of the Internet television network’s stock after purchasing an additional 106 shares during the period. Financial Management Network Inc.’s holdings in Netflix were worth $669,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC grew its holdings in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd bought a new position in shares of Netflix during the 4th quarter worth approximately $27,000. Copia Wealth Management purchased a new position in Netflix in the 4th quarter valued at approximately $37,000. Flaharty Asset Management LLC purchased a new position in shares of Netflix during the 1st quarter valued at $37,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in Netflix in the first quarter worth $42,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. UBS Group reaffirmed a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. The Goldman Sachs Group boosted their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Zacks Research lowered shares of Netflix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1,500.00 target price on shares of Netflix in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,328.87.

Insider Buying and Selling

In other news, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the transaction, the director owned 394 shares in the company, valued at $475,837.74. The trade was a 98.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,348 shares of company stock worth $109,498,489 in the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $1,228.50 on Thursday. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The stock has a market capitalization of $522.02 billion, a price-to-earnings ratio of 52.34, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The business’s fifty day moving average price is $1,213.71 and its two-hundred day moving average price is $1,136.26.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the company earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.