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

Hoey Investments Inc. raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 153.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,706 shares of the Internet television network’s stock after buying an additional 10,707 shares during the quarter. Netflix comprises 0.2% of Hoey Investments Inc.’s portfolio, making the stock its 25th biggest position. Hoey Investments Inc.’s holdings in Netflix were worth $1,702,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Netflix by 912.5% during the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock valued at $36,567,805,000 after purchasing an additional 351,493,659 shares during the period. State Street Corp raised its holdings in Netflix by 927.6% in the fourth quarter. State Street Corp now owns 176,780,995 shares of the Internet television network’s stock worth $16,574,986,000 after purchasing an additional 159,578,053 shares during the period. Geode Capital Management LLC boosted its position in shares of Netflix by 892.0% during the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock worth $9,305,336,000 after purchasing an additional 89,558,684 shares in the last quarter. Capital World Investors grew its holdings in shares of Netflix by 859.1% in the 4th quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network’s stock valued at $8,376,656,000 after buying an additional 80,025,890 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Netflix by 685.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 86,058,878 shares of the Internet television network’s stock valued at $8,068,882,000 after buying an additional 75,107,069 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Stock Up 1.2%

Shares of Netflix stock opened at $76.93 on Tuesday. The firm has a market cap of $323.93 billion, a PE ratio of 24.82, a P/E/G ratio of 0.99 and a beta of 1.52. The business’s 50 day simple moving average is $83.46 and its 200 day simple moving average is $88.25. 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.

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

More Netflix News

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

Insider Buying and Selling

In other Netflix news, Director Bradford L. Smith sold 35,990 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total value of $2,789,944.80. Following the completion of the transaction, the director directly owned 79,690 shares in the company, valued at $6,177,568.80. This trade represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore A. Sarandos sold 27,312 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer owned 284,804 shares in the company, valued at approximately $25,054,207.88. This represents a 8.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 899,839 shares of company stock worth $80,141,661 over the last three months. Company insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on NFLX shares. President Capital raised their price objective on Netflix from $133.00 to $134.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. The Goldman Sachs Group downgraded Netflix from a “neutral” rating to an “underweight” rating in a report on Thursday, June 18th. Rosenblatt Securities dropped their price target on Netflix from $96.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Weiss Ratings cut Netflix from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. Finally, Oppenheimer set a $120.00 target price on Netflix and gave the stock an “outperform” rating in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $114.26.

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.