Netflix, Inc. $NFLX Shares Acquired by Webster Bank N. A.

Webster Bank N. A. lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,540 shares of the Internet television network’s stock after buying an additional 39 shares during the quarter. Webster Bank N. A.’s holdings in Netflix were worth $3,401,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NFLX. Brighton Jones LLC lifted its stake in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after buying an additional 257 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after acquiring an additional 144 shares during the period. Silvercrest Asset Management Group LLC grew its holdings in Netflix by 8.9% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 7,161 shares of the Internet television network’s stock worth $6,383,000 after acquiring an additional 588 shares during the period. Sentinus LLC acquired a new stake in Netflix in the fourth quarter valued at $235,000. Finally, Tang Capital Management LLC grew its holdings in Netflix by 214.8% in the fourth quarter. Tang Capital Management LLC now owns 1,344 shares of the Internet television network’s stock valued at $1,198,000 after purchasing an additional 917 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other news, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the transaction, the director owned 394 shares in the company, valued at approximately $475,837.74. The trade was a 98.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Down 1.3%

NFLX opened at $1,188.44 on Monday. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The stock’s fifty day moving average is $1,218.15 and its 200-day moving average is $1,133.62. The company has a market capitalization of $505.00 billion, a PE ratio of 50.64, a P/E/G ratio of 2.00 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Jefferies Financial Group restated a “buy” rating on shares of Netflix in a report on Tuesday, August 12th. Seaport Res Ptn lowered Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. Citigroup reiterated a “neutral” rating and issued a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Netflix in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,317.58.

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.