Hanson & Doremus Investment Management Increases Stake in Netflix, Inc. $NFLX

Hanson & Doremus Investment Management boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 56.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 295 shares of the Internet television network’s stock after buying an additional 106 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Netflix were worth $395,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Maseco LLP purchased a new stake in Netflix in the 2nd quarter worth $39,000. Ransom Advisory Ltd acquired a new stake in Netflix during the 2nd quarter worth $47,000. Flaharty Asset Management LLC acquired a new stake in Netflix during the 1st quarter worth $37,000. Finally, Signature Resources Capital Management LLC boosted its stake in Netflix by 740.0% during the 2nd 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 last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Up 0.2%

Shares of NASDAQ:NFLX opened at $1,210.61 on Monday. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The company has a market cap of $514.42 billion, a PE ratio of 51.58, a P/E/G ratio of 2.04 and a beta of 1.60. The company’s 50-day moving average price is $1,208.75 and its 200 day moving average price is $1,153.53. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Piper Sandler boosted their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. lifted their price target on Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Morgan Stanley reiterated an “equal weight” rating on shares of Netflix in a report on Monday, July 21st. Finally, Zacks Research downgraded Netflix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,328.87.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This represents 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 hyperlink. Also, Director Reed Hastings sold 25,959 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the transaction, the director owned 394 shares of the company’s stock, valued at $475,837.74. This trade represents a 98.50% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 88,728 shares of company stock valued at $108,700,648. 1.37% of the stock is currently owned by insiders.

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.