Hager Investment Management Services LLC Has $4.79 Million Holdings in Netflix, Inc. $NFLX

Hager Investment Management Services LLC reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 biggest position. Hager Investment Management Services LLC’s holdings in Netflix were worth $4,787,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Values Added Financial LLC boosted its stake in shares of Netflix by 31.0% in the second quarter. Values Added Financial LLC now owns 296 shares of the Internet television network’s stock valued at $396,000 after buying an additional 70 shares during the period. Trifecta Capital Advisors LLC boosted its stake in shares of Netflix by 6,832.7% in the second quarter. Trifecta Capital Advisors LLC now owns 7,002 shares of the Internet television network’s stock valued at $9,377,000 after buying an additional 6,901 shares during the period. Maryland State Retirement & Pension System boosted its stake in shares of Netflix by 2.4% in the second quarter. Maryland State Retirement & Pension System now owns 20,549 shares of the Internet television network’s stock valued at $27,518,000 after buying an additional 489 shares during the period. Eagle Strategies LLC raised its position in Netflix by 3.3% during the second quarter. Eagle Strategies LLC now owns 375 shares of the Internet television network’s stock valued at $502,000 after purchasing an additional 12 shares in the last quarter. Finally, Clear Creek Financial Management LLC raised its position in Netflix by 13.6% during the second quarter. Clear Creek Financial Management LLC now owns 2,026 shares of the Internet television network’s stock valued at $2,713,000 after purchasing an additional 243 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research analyst reports. UBS Group set a $1,425.00 price objective on shares of Netflix in a research report on Tuesday. Phillip Securities downgraded shares of Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. Needham & Company LLC restated a “buy” rating and set a $1,500.00 price objective on shares of Netflix in a research report on Wednesday, September 10th. Weiss Ratings restated a “buy (b)” rating on shares of Netflix in a research report on Wednesday. Finally, Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and boosted their price objective for the company from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,337.63.

Insiders Place Their Bets

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

Netflix Stock Up 1.9%

Shares of NASDAQ:NFLX opened at $1,214.25 on Thursday. The company has a fifty day moving average of $1,208.18 and a 200-day moving average of $1,163.77. The company has a market capitalization of $515.97 billion, a PE ratio of 51.74, a price-to-earnings-growth ratio of 2.00 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results 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. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

About Netflix

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.