Hillsdale Investment Management Inc. Sells 11,090 Shares of Netflix, Inc. $NFLX

Hillsdale Investment Management Inc. lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 28.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 27,310 shares of the Internet television network’s stock after selling 11,090 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Netflix were worth $2,626,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Checchi Capital Advisers LLC raised its stake in shares of Netflix by 875.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network’s stock worth $2,920,000 after acquiring an additional 27,951 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in shares of Netflix by 837.2% in the 4th quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network’s stock valued at $10,443,000 after purchasing an additional 99,496 shares in the last quarter. BNC Wealth Management LLC boosted its stake in shares of Netflix by 991.3% in the 4th quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network’s stock valued at $3,866,000 after purchasing an additional 37,451 shares in the last quarter. Crew Capital Management Ltd grew its holdings in shares of Netflix by 1,021.9% during the 4th quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network’s stock valued at $847,000 after purchasing an additional 8,226 shares during the last quarter. Finally, Family Capital Trust Co grew its holdings in shares of Netflix by 20,869.5% during the 4th quarter. Family Capital Trust Co now owns 27,470 shares of the Internet television network’s stock valued at $2,576,000 after purchasing an additional 27,339 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Investors are positioning for Netflix’s Q2 earnings, with some analysts and strategists still seeing upside if the company can show resilient subscriber growth, stronger ad revenue, and continued execution ahead of the report. All Eyes on Netflix Stock Ahead of Earnings; Here’s What Benchmark Expects
• Positive Sentiment: Netflix’s push into live sports is a potential growth catalyst, after it secured exclusive MLB Home Run Derby streaming rights, showing it is expanding beyond traditional scripted content to deepen engagement and add new revenue opportunities. Netflix (NFLX) Secures Exclusive MLB Home Run Derby Streaming Rights
• Positive Sentiment: Some bullish commentary argues the stock could rebound sharply if earnings surprise to the upside, with options activity implying a potentially large post-earnings move. Netflix’s Q3 Earnings Report Could Lead to $21.5 Billion Swing in Market Value
• Neutral Sentiment: Wall Street remains focused on the same key issues into earnings: engagement trends, ad-tier monetization, content pipeline quality, and whether Netflix can justify its valuation after a steep decline from recent highs. Netflix’s next growth chapter hinges on keeping viewers hooked
• Negative Sentiment: Investor concern is still being driven by slowing engagement, weaker viewer retention, and signs that Netflix may need to prove it can keep users hooked as competition from YouTube, traditional media, and mobile viewing intensifies. Netflix’s next growth chapter hinges on keeping viewers hooked
• Negative Sentiment: Regulatory risk is also back in focus after criticism over rising subscription prices, which could add pressure if policymakers target streaming pricing or consumer practices. Your Netflix bill is up 29% in just over a year. It’s time for Washington to step in.

Insider Buying and Selling

In related news, Director Reed Hastings sold 386,700 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $85.97, for a total transaction of $33,244,599.00. Following the transaction, the director owned 3,940 shares in the company, valued at $338,721.80. The trade was a 98.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bradford L. Smith sold 35,990 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $77.52, for a total value of $2,789,944.80. Following the transaction, the director directly owned 79,690 shares of the company’s stock, valued at $6,177,568.80. The trade was a 31.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 899,839 shares of company stock valued at $80,141,661 over the last ninety days. Corporate insiders own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. New Street Research boosted their price target on shares of Netflix from $96.00 to $102.00 in a research note on Friday, April 17th. Phillip Securities raised their price objective on Netflix from $100.00 to $110.00 in a research note on Monday, April 20th. Sanford C. Bernstein set a $100.00 price objective on Netflix and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Raymond James Financial reissued a “market perform” rating on shares of Netflix in a research note on Thursday, May 14th. Finally, Weiss Ratings cut Netflix from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $111.29.

Netflix Price Performance

Shares of Netflix stock opened at $73.67 on Thursday. The firm has a market cap of $310.21 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. Netflix, Inc. has a 12-month low of $70.86 and a 12-month high of $127.75. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $80.80 and its two-hundred day simple moving average is $87.17.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, beating the consensus estimate of $0.76 by $0.47. The firm had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.61 earnings per share. As a group, equities analysts expect that Netflix, Inc. will post 3.6 EPS for the current year.

Netflix Company Profile

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.