Netflix, Inc. $NFLX Shares Acquired by US Bancorp DE

US Bancorp DE raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 10.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 131,686 shares of the Internet television network’s stock after buying an additional 12,399 shares during the quarter. US Bancorp DE’s holdings in Netflix were worth $176,345,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC lifted its stake in 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 buying an additional 13 shares during the last quarter. Maseco LLP acquired a new position in shares of Netflix during the second quarter valued at $39,000. Ransom Advisory Ltd acquired a new position in shares of Netflix during the second quarter valued at $47,000. Flaharty Asset Management LLC acquired a new position in shares of Netflix during the first quarter valued at $37,000. Finally, Signature Resources Capital Management LLC increased its holdings in shares of Netflix by 740.0% during the second quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock valued at $56,000 after purchasing an additional 37 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,327,734.41. The trade was a 41.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock worth $122,710,980 over the last quarter. Insiders own 1.37% of the company’s stock.

Netflix Trading Up 1.9%

NASDAQ:NFLX opened at $1,214.25 on Thursday. 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, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The firm has a market capitalization of $515.97 billion, a price-to-earnings ratio of 51.74, a price-to-earnings-growth ratio of 2.00 and a beta of 1.59. The stock has a fifty day simple moving average of $1,208.18 and a 200 day simple moving average of $1,163.77.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the company posted $4.88 EPS. Netflix’s revenue for the quarter 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. Sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on NFLX shares. Zacks Research lowered Netflix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. KeyCorp raised their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. BMO Capital Markets reissued an “outperform” rating and set a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Jefferies Financial Group reissued a “buy” rating on shares of Netflix in a report on Thursday, September 11th. Finally, The Goldman Sachs Group lowered their price target on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,337.63.

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.