City Holding Co. Boosts Stake in Netflix, Inc. $NFLX

City Holding Co. raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 16.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,914 shares of the Internet television network’s stock after acquiring an additional 539 shares during the period. City Holding Co.’s holdings in Netflix were worth $5,241,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC raised its stake in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 13 shares during the last quarter. Flaharty Asset Management LLC bought a new position in shares of Netflix during the first quarter valued at approximately $37,000. Maseco LLP bought a new stake in Netflix in the second quarter valued at $39,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Netflix during the 1st quarter valued at $42,000. Finally, 1248 Management LLC bought a new position in Netflix in the 1st quarter worth $43,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NFLX has been the subject of several research reports. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and increased their target price for the stock from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Wells Fargo & Company increased their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Sanford C. Bernstein boosted their price objective 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. Seaport Res Ptn downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. Finally, KeyCorp lifted their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,328.87.

Netflix Trading Up 0.2%

Shares of NASDAQ:NFLX opened at $1,210.61 on Friday. The stock has a 50 day moving average of $1,208.75 and a 200 day moving average of $1,151.70. The company has a market cap of $514.42 billion, a PE ratio of 51.58, a price-to-earnings-growth ratio of 2.04 and a beta of 1.60. Netflix, Inc. has a 12-month low of $677.88 and a 12-month 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.

Netflix (NASDAQ:NFLX) last released its 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. The company had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business 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 expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 88,728 shares of company stock worth $108,700,648 in the last quarter. Corporate insiders own 1.37% of the company’s stock.

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.