Mayflower Financial Advisors LLC Has $1.27 Million Stake in Netflix, Inc. $NFLX

Mayflower Financial Advisors LLC decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 951 shares of the Internet television network’s stock after selling 12 shares during the period. Mayflower Financial Advisors LLC’s holdings in Netflix were worth $1,274,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Stephens Consulting LLC grew its holdings in Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after buying an additional 15 shares during the last quarter. Rossby Financial LCC acquired a new stake in Netflix in the 2nd quarter valued at approximately $35,000. Flaharty Asset Management LLC acquired a new stake in Netflix in the 1st quarter valued at approximately $37,000. Maseco LLP acquired a new stake in Netflix in the 2nd quarter valued at approximately $39,000. Finally, LGT Financial Advisors LLC acquired a new stake in Netflix in the 2nd quarter valued at approximately $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Netflix stock opened at $1,102.50 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market capitalization of $467.16 billion, a PE ratio of 46.05, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59. Netflix, Inc. has a one year low of $747.77 and a one year high of $1,341.15. The business has a 50 day simple moving average of $1,201.97 and a 200 day simple moving average of $1,191.47.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing the consensus estimate of $6.88 by ($1.01). The company had revenue of $11.51 billion for the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.Netflix’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the business earned $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This trade represents a 13.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares of the company’s stock, valued at $4,290,418.40. This trade represents a 41.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 104,100 shares of company stock worth $122,710,980 over the last three months. 1.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on NFLX. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,500.00 target price on shares of Netflix in a report on Wednesday, October 22nd. Robert W. Baird raised their price objective on Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Zacks Research downgraded Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Sanford C. Bernstein reiterated a “buy” rating on shares of Netflix in a research report on Friday, October 17th. Finally, The Goldman Sachs Group reduced their price objective on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $1,344.64.

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.