Heartland Bank & Trust Co Sells 60 Shares of Netflix, Inc. $NFLX

Heartland Bank & Trust Co lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,961 shares of the Internet television network’s stock after selling 60 shares during the period. Netflix comprises 1.2% of Heartland Bank & Trust Co’s holdings, making the stock its 15th largest position. Heartland Bank & Trust Co’s holdings in Netflix were worth $2,626,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC raised its holdings 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 in the last quarter. Stephens Consulting LLC raised its holdings in shares of Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after acquiring an additional 15 shares in 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 position in shares of Netflix during the second quarter valued at approximately $39,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of Netflix during the first quarter valued at approximately $42,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NFLX. Phillip Securities downgraded Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. The Goldman Sachs Group decreased their price objective on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Finally, Zacks Research downgraded Netflix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,337.63.

Netflix Trading Down 0.1%

Netflix stock opened at $1,219.03 on Tuesday. 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 one year low of $677.88 and a one year high of $1,341.15. The stock has a market capitalization of $518.00 billion, a PE ratio of 51.94, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. The business’s fifty day moving average is $1,211.81 and its 200 day moving average is $1,171.80.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating 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 company had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same period last year, the firm posted $4.88 earnings per share. Netflix’s 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. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

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 transaction of $2,351,416.12. Following the sale, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,327,734.41. This trade represents a 41.33% 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 three months. 1.37% of the stock is owned by insiders.

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.