Hager Investment Management Services LLC Trims Stock Position in Netflix, Inc. $NFLX

Hager Investment Management Services LLC cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,575 shares of the Internet television network’s stock after selling 45 shares during the period. Netflix makes up approximately 2.9% of Hager Investment Management Services LLC’s investment portfolio, making the stock its 7th largest holding. Hager Investment Management Services LLC’s holdings in Netflix were worth $4,787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC raised its stake in shares of Netflix by 100.0% in 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 during the period. Flaharty Asset Management LLC acquired a new stake in shares of Netflix in the 1st quarter valued at about $37,000. Maseco LLP acquired a new stake in shares of Netflix in the 2nd quarter valued at about $39,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix in the 1st quarter valued at about $42,000. Finally, 1248 Management LLC acquired a new stake in shares of Netflix in the 1st quarter valued at about $43,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Up 1.9%

Netflix stock opened at $1,214.25 on Thursday. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $515.97 billion, a P/E ratio of 51.74, a PEG ratio of 2.00 and a beta of 1.59. The stock has a 50-day simple moving average of $1,208.18 and a 200 day simple moving average of $1,163.77.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter in the previous year, the company posted $4.88 earnings per share. The business’s 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. Analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Sanford C. Bernstein lifted their price target on Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. Jefferies Financial Group reissued a “buy” rating on shares of Netflix in a research note on Thursday, September 11th. Itau BBA Securities initiated coverage on Netflix in a research report on Tuesday. They issued an “outperform” rating and a $1,514.00 target price on the stock. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and lifted their target price for the company from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Finally, UBS Group set a $1,425.00 target price on Netflix in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,337.63.

Insider Activity at Netflix

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director owned 394 shares of the company’s stock, valued at approximately $461,736.48. This represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,100 shares of company stock valued at $122,710,980. Insiders own 1.37% of the company’s stock.

Netflix Company 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.