Hanson & Doremus Investment Management Buys 106 Shares of Netflix, Inc. $NFLX

Hanson & Doremus Investment Management lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 56.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 295 shares of the Internet television network’s stock after purchasing an additional 106 shares during the period. Hanson & Doremus Investment Management’s holdings in Netflix were worth $395,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Halbert Hargrove Global Advisors LLC boosted its position in 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 buying an additional 13 shares during the period. Flaharty Asset Management LLC bought a new position in shares of Netflix in the 1st quarter worth about $37,000. Maseco LLP bought a new position in shares of Netflix in the 2nd quarter worth about $39,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Netflix in the 1st quarter worth about $42,000. Finally, 1248 Management LLC bought a new stake in Netflix during the 1st quarter valued at about $43,000. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. TD Cowen raised their price objective on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Morgan Stanley reissued an “equal weight” rating on shares of Netflix in a report on Monday, July 21st. Piper Sandler raised their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Sanford C. Bernstein lifted their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Finally, Barclays reissued a “sell” rating and issued a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $1,328.87.

Netflix Trading Up 0.2%

Shares of NFLX opened at $1,210.61 on Monday. The company’s fifty day moving average is $1,208.75 and its 200 day moving average is $1,153.53. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The stock has a market capitalization 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 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 announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter in the previous year, the business posted $4.88 earnings per share. Netflix’s quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 88,728 shares of company stock worth $108,700,648. Company insiders own 1.37% of the company’s stock.

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.