Netflix, Inc. $NFLX Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 11.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,624 shares of the Internet television network’s stock after selling 218 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Netflix were worth $2,175,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Stephens Consulting LLC increased its stake in Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after buying an additional 15 shares in the last quarter. Maseco LLP acquired a new position in Netflix in the 2nd quarter valued at $39,000. LGT Financial Advisors LLC acquired a new position in Netflix in the 2nd quarter valued at $40,000. Mid American Wealth Advisory Group Inc. acquired a new position in Netflix in the 2nd quarter valued at $44,000. Finally, Ransom Advisory Ltd acquired a new position in Netflix in the 2nd quarter valued at $47,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

Netflix stock opened at $1,241.35 on Wednesday. Netflix, Inc. has a 12-month low of $744.26 and a 12-month high of $1,341.15. The stock has a market cap of $527.49 billion, a P/E ratio of 52.89, a PEG ratio of 2.08 and a beta of 1.59. The company has a 50-day moving average price of $1,214.20 and a 200 day moving average price of $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 released its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.88 by ($1.01). Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm 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 business posted $5.40 earnings per share. Netflix’s revenue for the quarter was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several research reports. BMO Capital Markets reissued an “outperform” rating and issued a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Wedbush reissued an “outperform” rating on shares of Netflix in a research note on Wednesday, October 15th. KeyCorp raised their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and raised their price target for the stock from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. Finally, The Goldman Sachs Group lowered their target price 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 equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,339.81.

Insiders Place Their Bets

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the sale, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at $4,327,734.41. This represents a 41.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director directly owned 394 shares in the company, valued at $461,736.48. This represents a 99.07% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 104,100 shares of company stock valued at $122,710,980. Insiders own 1.37% of the company’s stock.

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.