Hoey Investments Inc. Purchases 10,707 Shares of Netflix, Inc. $NFLX

Hoey Investments Inc. boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 153.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 17,706 shares of the Internet television network’s stock after purchasing an additional 10,707 shares during the period. Netflix comprises 0.2% of Hoey Investments Inc.’s holdings, making the stock its 25th largest position. Hoey Investments Inc.’s holdings in Netflix were worth $1,702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. First Financial Corp IN boosted its stake in shares of Netflix by 900.0% during the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 243 shares during the period. DiNuzzo Private Wealth Inc. raised its stake in Netflix by 885.2% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 239 shares during the period. Turning Point Benefit Group Inc. raised its stake in Netflix by 13,400.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 268 shares during the period. Imprint Wealth LLC acquired a new stake in Netflix during the 3rd quarter valued at $25,000. Finally, Cornerstone Financial Management LLC bought a new position in Netflix during the fourth quarter worth $26,000. Institutional investors own 80.93% of the company’s stock.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Some investors and market commentators argued Netflix’s business remains strong, citing revenue growth, the expanding advertising business, and possible upside from live sports and other tailwinds. ‘Business is Booming,’ Says Investor About Neflix Stock
• Positive Sentiment: Multiple articles framed NFLX as a potential buy ahead of earnings, suggesting the selloff may have created an attractive valuation if upcoming results confirm momentum. 3 Reasons to Load Up on Netflix Stock Before July 16
• Neutral Sentiment: Options traders are pricing a large move around earnings, indicating investors expect a big reaction either way when Netflix reports on July 16. How Wide Is The Range Of Possibilities For Netflix Stock?
• Neutral Sentiment: Netflix’s upcoming “Little House on the Prairie” adaptation reinforces its ongoing content investment strategy, but the article did not suggest an immediate financial impact. Netflix nods to nostalgia with new ‘Little House on the Prairie’ TV series
• Negative Sentiment: Commentary on declining viewer retention and the risk from microdramas raised concerns that Netflix’s engagement and content advantage may be harder to sustain over time. Netflix invented binge-watching. Now it may have outgrown it.
• Negative Sentiment: Several market recap pieces noted NFLX slipped while the broader market gained, reinforcing bearish momentum and the view that investors are cautious before earnings. Netflix (NFLX) Stock Sinks As Market Gains: Here’s Why

Analyst Upgrades and Downgrades

Several equities analysts have commented on NFLX shares. Phillip Securities upped their price objective on shares of Netflix from $100.00 to $110.00 in a report on Monday, April 20th. Bank of America reaffirmed a “buy” rating and set a $125.00 target price on shares of Netflix in a report on Monday, May 18th. Seaport Research Partners upped their price target on shares of Netflix from $115.00 to $119.00 and gave the company a “buy” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Netflix in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group downgraded shares of Netflix from a “neutral” rating to an “underweight” rating in a research report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $114.26.

Insider Buying and Selling at Netflix

In other news, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total value of $2,402,636.64. Following the completion of the transaction, the chief executive officer directly owned 284,804 shares in the company, valued at approximately $25,054,207.88. This represents a 8.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $88.69, for a total value of $2,422,301.28. Following the sale, the chief executive officer directly owned 120,931 shares in the company, valued at $10,725,370.39. The trade was a 18.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 899,839 shares of company stock worth $80,141,661 over the last 90 days. 1.24% of the stock is owned by corporate insiders.

Netflix Stock Performance

NFLX opened at $76.93 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. Netflix, Inc. has a 52-week low of $70.86 and a 52-week high of $129.32. The firm has a market cap of $323.93 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 0.99 and a beta of 1.52. The business’s fifty day moving average is $83.46 and its 200-day moving average is $88.25.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.47. The business had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. Netflix’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Sell-side analysts expect that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

About Netflix

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.