Netflix, Inc. $NFLX Position Lessened by Investmark Advisory Group LLC

Investmark Advisory Group LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 533 shares of the Internet television network’s stock after selling 50 shares during the period. Investmark Advisory Group LLC’s holdings in Netflix were worth $497,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC raised 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 valued at $25,000 after buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in Netflix during the fourth quarter worth about $27,000. Copia Wealth Management acquired a new stake in Netflix during the fourth quarter worth about $37,000. Stuart Chaussee & Associates Inc. grew its position in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after buying an additional 45 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix during the first quarter worth about $42,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

NASDAQ NFLX opened at $1,257.48 on Friday. The firm’s fifty day moving average price is $1,226.94 and its two-hundred day moving average price is $1,122.36. The stock has a market cap of $534.34 billion, a PE ratio of 53.58, a PEG ratio of 2.06 and a beta of 1.60. Netflix, Inc. has a fifty-two week low of $660.80 and a fifty-two week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

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

Insider Activity

In other Netflix news, insider Cletus R. Willems sold 238 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 424 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the sale, the insider directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the company an “outperform” rating in a research note on Friday, May 16th. BMO Capital Markets reissued an “outperform” rating and set a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Citigroup reiterated a “neutral” rating and issued a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. UBS Group reiterated a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. Finally, Loop Capital restated a “hold” rating on shares of Netflix in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,317.58.

Netflix 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.