Hudson Valley Investment Advisors Inc. ADV Buys Shares of 4,450 Netflix, Inc. $NFLX

Key Points

• Hudson Valley Investment Advisors Inc. purchased 4,450 shares of Netflix, valued at approximately $5,959,000, highlighting continued interest from institutional investors in the streaming giant.
• Netflix reported a 15.9% year-over-year revenue increase with earnings per share (EPS) of $7.19 for the last quarter, exceeding analysts' estimates.
• Brokerage ratings have varied, with current targets ranging from $1,295 to $1,500, while the stock is rated as a "Moderate Buy" on average.

Hudson Valley Investment Advisors Inc. ADV bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,450 shares of the Internet television network's stock, valued at approximately $5,959,000.

Other hedge funds have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Netflix by 100.0% in the first 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 last quarter. Flaharty Asset Management LLC purchased a new stake in Netflix in the 1st quarter valued at $37,000. Maseco LLP purchased a new stake in Netflix in the 2nd quarter valued at $39,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Netflix in the 1st quarter valued at $42,000. Finally, 1248 Management LLC purchased a new stake in Netflix in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Down 0.8%

Shares of Netflix stock opened at $1,153.32 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The company has a market capitalization of $490.08 billion, a P/E ratio of 49.14, a P/E/G ratio of 1.96 and a beta of 1.59. The business has a 50 day moving average price of $1,207.36 and a 200 day moving average price of $1,158.96.

Netflix (NASDAQ:NFLX - Get Free Report) 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 the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the firm posted $4.88 EPS. The company's quarterly revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NFLX. Phillip Securities cut Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Citigroup restated a "neutral" rating and issued a $1,295.00 target price (up from $1,280.00) on shares of Netflix in a report on Friday. BMO Capital Markets restated an "outperform" rating and issued a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Finally, Wedbush reiterated an "outperform" rating and issued a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,335.00.

Insider Activity

In other Netflix news, Director Reed Hastings sold 42,176 shares of the business's stock in a transaction 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 completion of the transaction, the director directly owned 394 shares in the company, valued at approximately $461,736.48. The trade was a 99.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,290,418.40. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by corporate insiders.

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.

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