Netflix, Inc. $NFLX Shares Sold by CNB Bank

CNB Bank trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,456 shares of the Internet television network’s stock after selling 73 shares during the quarter. Netflix makes up approximately 0.9% of CNB Bank’s investment portfolio, making the stock its 25th largest position. CNB Bank’s holdings in Netflix were worth $1,950,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Nuveen LLC purchased a new position in Netflix in the 1st quarter valued at $2,385,585,000. Kingstone Capital Partners Texas LLC increased its stake in shares of Netflix by 343,058.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock worth $3,299,450,000 after acquiring an additional 2,463,158 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Netflix by 57.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock worth $3,164,134,000 after acquiring an additional 1,236,251 shares during the last quarter. Amundi increased its stake in shares of Netflix by 37.7% in the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock worth $1,898,496,000 after acquiring an additional 567,251 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after acquiring an additional 509,255 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

NASDAQ NFLX opened at $1,094.69 on Friday. The company has a market cap of $463.85 billion, a P/E ratio of 45.73, a P/E/G ratio of 1.92 and a beta of 1.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.34. The stock has a 50-day moving average of $1,207.21 and a two-hundred day moving average of $1,185.28. Netflix, Inc. has a 1-year low of $747.77 and a 1-year high of $1,341.15.

Netflix (NASDAQ:NFLX) last announced 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). The company had revenue of $11.51 billion during the quarter, compared to analysts’ expectations of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In related news, 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 transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 424 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the sale, the insider owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,100 shares of company stock worth $122,710,980. Corporate insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NFLX. Phillip Securities downgraded Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and raised their price objective for the stock from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Canaccord Genuity Group reissued a “buy” rating and set a $1,525.00 price objective on shares of Netflix in a research report on Wednesday. Finally, Citigroup reissued a “neutral” rating and set a $1,295.00 price objective (up from $1,280.00) on shares of Netflix in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,352.78.

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.