Field & Main Bank Has $1.55 Million Position in Netflix, Inc. $NFLX

Field & Main Bank lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 15.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,157 shares of the Internet television network’s stock after acquiring an additional 159 shares during the period. Field & Main Bank’s holdings in Netflix were worth $1,549,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Optima Capital LLC grew its holdings in shares of Netflix by 3.5% in the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock valued at $320,000 after buying an additional 8 shares during the period. Unified Investment Management grew its stake in Netflix by 1.7% in the second quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock valued at $635,000 after acquiring an additional 8 shares during the period. Plancorp LLC increased its holdings in shares of Netflix by 0.6% in the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock worth $1,711,000 after acquiring an additional 8 shares in the last quarter. Five Oceans Advisors raised its position in shares of Netflix by 1.1% during the second quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock worth $1,006,000 after purchasing an additional 8 shares during the period. Finally, Old Port Advisors grew its position in shares of Netflix by 1.3% in the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock valued at $836,000 after purchasing an additional 8 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix 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 transaction, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the sale, the director owned 394 shares of the company’s stock, valued at $461,736.48. This trade represents a 99.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 104,100 shares of company stock valued at $122,710,980 in the last ninety days. 1.37% of the stock is currently owned by company insiders.

Netflix Trading Down 0.2%

Shares of NASDAQ:NFLX opened at $1,100.41 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. Netflix, Inc. has a 52-week low of $747.77 and a 52-week high of $1,341.15. The company has a 50-day simple moving average of $1,199.70 and a 200 day simple moving average of $1,192.74. The company has a market capitalization of $466.28 billion, a P/E ratio of 45.97, a price-to-earnings-growth ratio of 1.91 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). Netflix had a return on equity of 41.86% and a net margin of 24.05%.The company had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. During the same quarter in the prior year, the business posted $5.40 EPS. The business’s quarterly 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. Sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Loop Capital dropped their price objective on shares of Netflix from $1,350.00 to $1,325.00 in a report on Wednesday, October 22nd. JPMorgan Chase & Co. reduced their price target on Netflix from $1,300.00 to $1,275.00 and set a “neutral” rating for the company in a research report on Wednesday, October 22nd. Needham & Company LLC restated a “buy” rating and set a $1,500.00 target price on shares of Netflix in a report on Wednesday, October 22nd. Itau BBA Securities assumed coverage on shares of Netflix in a research report on Tuesday, October 7th. They set an “outperform” rating and a $1,514.00 price target on the stock. Finally, BMO Capital Markets restated an “outperform” rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,341.12.

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.