Mengis Capital Management Inc. Has $430,000 Stock Holdings in Netflix, Inc. $NFLX

Mengis Capital Management Inc. boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 321 shares of the Internet television network’s stock after buying an additional 10 shares during the period. Mengis Capital Management Inc.’s holdings in Netflix were worth $430,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC raised its holdings in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after buying an additional 13 shares during the period. Maseco LLP acquired a new stake in Netflix during the 2nd quarter worth approximately $39,000. Ransom Advisory Ltd acquired a new stake in Netflix during the 2nd quarter worth approximately $47,000. Flaharty Asset Management LLC acquired a new stake in Netflix during the 1st quarter worth approximately $37,000. Finally, Signature Resources Capital Management LLC raised its holdings in Netflix by 740.0% during the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock worth $56,000 after buying an additional 37 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the firm’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 directly owned 3,691 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reed Hastings sold 42,176 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the transaction, the director directly owned 394 shares of the company’s stock, valued at $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock valued at $122,710,980 in the last ninety days. 1.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Piper Sandler raised their target price on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Zacks Research cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Citigroup reaffirmed a “neutral” rating and set a $1,295.00 price target (up from $1,280.00) on shares of Netflix in a research note on Friday, October 3rd. Cowen reaffirmed a “buy” rating on shares of Netflix in a research note on Tuesday. Finally, Sanford C. Bernstein raised their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,337.63.

Netflix Price Performance

NASDAQ:NFLX opened at $1,231.07 on Friday. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $1,209.61 and a 200 day simple moving average of $1,165.56. The stock has a market capitalization of $523.12 billion, a PE ratio of 52.45, a P/E/G ratio of 2.04 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same period last year, the business earned $4.88 earnings per share. The firm’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. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.