Hoey Investments Inc. Grows Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Hoey Investments Inc. increased its stake in Netflix, Inc. by 234.7% in Q2, now holding 800 shares valued at over $1 million, making Netflix its 26th largest holding.
• Institutional investors, including GAMMA Investing LLC and Kingstone Capital Partners Texas LLC, own approximately 80.93% of Netflix's stock, reflecting significant interest from hedge funds.
• Netflix reported an EPS of $7.19, exceeding estimates, with revenue of $11.08 billion for the quarter, which was a 15.9% increase year-over-year.

Hoey Investments Inc. grew its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 234.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 800 shares of the Internet television network's stock after buying an additional 561 shares during the quarter. Netflix accounts for 0.2% of Hoey Investments Inc.'s holdings, making the stock its 26th largest holding. Hoey Investments Inc.'s holdings in Netflix were worth $1,071,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares in the last quarter. Nuveen LLC purchased a new stake in Netflix during the 1st quarter worth approximately $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its holdings in Netflix by 343,058.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network's stock worth $3,299,450,000 after buying an additional 2,463,158 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in 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 buying an additional 1,236,251 shares during the period. Finally, Amundi boosted its position in 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 buying an additional 567,251 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In other news, Director Reed Hastings sold 25,959 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the completion of the transaction, the director directly owned 394 shares of the company's stock, valued at $475,837.74. This trade represents a 98.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,348 shares of company stock worth $109,498,489. Corporate insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on NFLX. Citigroup reissued a "neutral" rating and set a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Sanford C. Bernstein boosted their price objective on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Wall Street Zen upgraded shares of Netflix from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a research note on Thursday, September 11th. Finally, Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,328.87.

Netflix Trading Up 0.0%

Shares of Netflix stock opened at $1,227.37 on Tuesday. The firm has a market cap of $521.55 billion, a price-to-earnings ratio of 52.30, a price-to-earnings-growth ratio of 2.07 and a beta of 1.60. The company's 50-day simple moving average is $1,211.80 and its 200-day simple moving average is $1,144.65. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business's revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities research analysts anticipate 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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.