Members Trust Co Purchases New Shares in Netflix, Inc. $NFLX

Members Trust Co purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, HoldingsChannel reports. The firm purchased 157 shares of the Internet television network’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Stephens Consulting LLC grew its position in 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 buying an additional 15 shares during the period. Flaharty Asset Management LLC acquired a new stake in Netflix during the first quarter valued at $37,000. Maseco LLP acquired a new stake in Netflix during the second quarter valued at $39,000. LGT Financial Advisors LLC acquired a new stake in Netflix during the second quarter valued at $40,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix during the first quarter valued at $42,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on NFLX shares. Needham & Company LLC restated a “buy” rating and set a $1,500.00 price target on shares of Netflix in a research report on Wednesday, September 10th. BMO Capital Markets reiterated an “outperform” rating and issued a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. JPMorgan Chase & Co. lifted their target price on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Netflix in a research report on Wednesday, October 8th. Finally, Barclays reiterated a “sell” rating and issued a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,339.81.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at $4,290,418.40. The trade was a 41.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at $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 valued at $122,710,980 over the last ninety days. Corporate insiders own 1.37% of the company’s stock.

Netflix Stock Performance

NFLX opened at $1,241.35 on Wednesday. The firm has a market capitalization of $527.49 billion, a PE ratio of 52.89, a PEG ratio of 2.08 and a beta of 1.59. Netflix, Inc. has a twelve month low of $744.26 and a twelve month high of $1,341.15. The firm’s 50-day moving average price is $1,214.20 and its 200 day moving average price is $1,182.49. 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 posted its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. During the same quarter in the previous year, the firm posted $5.40 earnings per share. The business’s revenue was up 17.2% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.