Summit Wealth Group LLC Co. Acquires 9,822 Shares of Netflix, Inc. $NFLX

Summit Wealth Group LLC Co. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 225.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,188 shares of the Internet television network’s stock after buying an additional 9,822 shares during the quarter. Summit Wealth Group LLC Co.’s holdings in Netflix were worth $987,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Kuhn & Co Investment Counsel grew its stake in Netflix by 12.6% in the 3rd quarter. Kuhn & Co Investment Counsel now owns 7,546 shares of the Internet television network’s stock worth $525,000 after acquiring an additional 844 shares in the last quarter. TSG Advice Partners LLC bought a new stake in shares of Netflix during the third quarter valued at approximately $1,155,000. Salomon & Ludwin LLC raised its stake in shares of Netflix by 6.2% during the third quarter. Salomon & Ludwin LLC now owns 5,553 shares of the Internet television network’s stock valued at $386,000 after acquiring an additional 324 shares in the last quarter. Sicart Associates LLC boosted its holdings in shares of Netflix by 0.4% in the third quarter. Sicart Associates LLC now owns 167,034 shares of the Internet television network’s stock valued at $11,781,000 after purchasing an additional 628 shares during the period. Finally, Welch Group LLC boosted its holdings in shares of Netflix by 13.1% in the third quarter. Welch Group LLC now owns 12,439 shares of the Internet television network’s stock valued at $866,000 after purchasing an additional 1,443 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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

Analyst Ratings Changes

Several brokerages recently issued reports on NFLX. President Capital dropped their price objective on Netflix from $134.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Citigroup reaffirmed a “buy” rating and set a $85.00 target price (down from $100.00) on shares of Netflix in a research report on Wednesday, October 21st. Oppenheimer reiterated an “outperform” rating and issued a $80.00 target price (down from $85.00) on shares of Netflix in a report on Wednesday, October 21st. KeyCorp lowered their target price on Netflix from $92.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Finally, The Goldman Sachs Group set a $84.00 price target on Netflix in a research report on Wednesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $89.14.

Netflix Price Performance

NASDAQ NFLX opened at $63.42 on Wednesday. The firm’s fifty day simple moving average is $72.00 and its two-hundred day simple 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, Inc. has a 12-month low of $61.39 and a 12-month high of $116.73. The firm has a market capitalization of $260.42 billion, a P/E ratio of 18.33, a P/E/G ratio of 0.91 and a beta of 1.62.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $12.87 billion. During the same period in the prior year, the firm posted $0.59 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Analysts forecast that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Neumann sold 9,248 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $75.79, for a total value of $700,905.92. Following the completion of the sale, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $5,592,316.73. This trade represents a 11.14% 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, CEO Gregory Peters sold 27,312 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $73.54, for a total value of $2,008,524.48. Following the completion of the sale, the chief executive officer owned 120,931 shares of the company’s stock, valued at approximately $8,893,265.74. This trade represents a 18.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 55,980 shares of company stock valued at $3,970,756. 1.24% of the stock is currently owned by corporate insiders.

Netflix 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.