Harold Davidson & Associates Inc. Has $435,000 Holdings in Netflix, Inc. $NFLX

Harold Davidson & Associates Inc. raised its position in Netflix, Inc. (NASDAQ:NFLX) by 6.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 466 shares of the Internet television network’s stock after purchasing an additional 28 shares during the quarter. Harold Davidson & Associates Inc.’s holdings in Netflix were worth $435,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NFLX. GAMMA Investing LLC raised its stake in shares of Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock valued at $8,239,576,000 after purchasing an additional 8,827,662 shares during the period. Nuveen LLC acquired a new stake in shares of Netflix in the 1st quarter valued at about $2,385,585,000. Goldman Sachs Group Inc. raised its stake in shares of Netflix by 57.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after purchasing an additional 1,236,251 shares during the period. Amundi raised its stake in shares of Netflix by 37.7% in the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock valued at $1,898,496,000 after purchasing an additional 567,251 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after purchasing an additional 509,255 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,290,418.40. This trade represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the transaction, the director owned 394 shares of the company’s stock, valued at $475,837.74. The trade was a 98.50% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,348 shares of company stock worth $109,498,489. Company insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NFLX. Morgan Stanley reissued an “equal weight” rating on shares of Netflix in a research note on Monday, July 21st. Wolfe Research set a $1,340.00 price target on Netflix and gave the company an “outperform” rating in a research note on Friday, May 16th. Zacks Research cut Netflix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Loop Capital reaffirmed a “hold” rating on shares of Netflix in a research report on Tuesday, July 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $1,500.00 target price on shares of Netflix in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $1,317.58.

Netflix Trading Down 3.5%

Netflix stock opened at $1,203.50 on Friday. 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 $511.40 billion, a P/E ratio of 51.28, a PEG ratio of 2.10 and a beta of 1.60. The stock has a 50-day simple moving average of $1,220.29 and a 200 day simple moving average of $1,130.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 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 business had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter last year, the company 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. Analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.