M3 Advisory Group LLC Acquires 35 Shares of Netflix, Inc. $NFLX

M3 Advisory Group LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 494 shares of the Internet television network’s stock after purchasing an additional 35 shares during the period. M3 Advisory Group LLC’s holdings in Netflix were worth $661,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC grew its holdings in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 13 shares during the period. Maseco LLP bought a new position in Netflix during the second quarter worth about $39,000. Ransom Advisory Ltd bought a new position in Netflix during the second quarter worth about $47,000. Flaharty Asset Management LLC bought a new position in Netflix during the first quarter worth about $37,000. Finally, Signature Resources Capital Management LLC grew its holdings in Netflix by 740.0% during the second quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock worth $56,000 after purchasing an additional 37 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company’s stock, valued at approximately $4,327,734.41. The trade was a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock valued at $122,710,980 in the last quarter. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. The Goldman Sachs Group reduced their price target on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. JPMorgan Chase & Co. boosted their price objective on Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. Wall Street Zen cut Netflix from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Sanford C. Bernstein boosted their price objective on Netflix from $1,200.00 to $1,390.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. Finally, Cowen restated a “buy” rating on shares of Netflix in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,337.63.

Netflix Stock Down 0.9%

NASDAQ NFLX opened at $1,220.08 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The company has a 50 day moving average of $1,210.84 and a 200-day moving average of $1,169.80. The company has a market cap of $518.45 billion, a price-to-earnings ratio of 51.98, a PEG ratio of 2.05 and a beta of 1.59.

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

About Netflix

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.