Netflix, Inc. $NFLX Stake Lifted by Eastern Bank

Eastern Bank raised its position in Netflix, Inc. (NASDAQ:NFLX) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 367,277 shares of the Internet television network’s stock after purchasing an additional 8,956 shares during the quarter. Eastern Bank’s holdings in Netflix were worth $26,224,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Turning Point Benefit Group Inc. boosted its holdings in Netflix by 13,400.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock worth $25,000 after buying an additional 268 shares in the last quarter. Imprint Wealth LLC bought a new stake in Netflix in the third quarter worth approximately $25,000. Cornerstone Financial Management LLC bought a new stake in Netflix in the fourth quarter worth $26,000. Atlas Capital Advisors Inc. acquired a new position in shares of Netflix during the 4th quarter valued at about $26,000. Finally, Jessup Wealth Management Inc bought a new position in shares of Netflix in the fourth quarter valued at approximately $27,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on NFLX shares. Wolfe Research reaffirmed an “outperform” rating and issued a $107.00 price target on shares of Netflix in a research report on Friday, April 17th. China Intl Cap upgraded shares of Netflix to a “strong-buy” rating in a research report on Tuesday, July 21st. Stephens assumed coverage on shares of Netflix in a research report on Friday, July 17th. They set an “overweight” rating for the company. Deutsche Bank Aktiengesellschaft set a $110.00 price objective on Netflix in a research note on Monday, July 20th. Finally, Pivotal Research reduced their price objective on Netflix from $96.00 to $70.00 and set a “hold” rating for the company in a research report on Friday, July 17th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.48.

Netflix Trading Up 2.3%

Shares of NFLX stock opened at $73.33 on Tuesday. The stock has a market cap of $305.34 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 0.90 and a beta of 1.52. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $126.71. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. The stock has a 50 day simple moving average of $76.36 and a 200 day simple moving average of $85.26.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. The company had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.Netflix’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 EPS. On average, research analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix’s lower valuation and aggressive stock repurchases are supporting the view that the sell-off may have been excessive. Analysts cited in the report remain broadly bullish despite concerns about moderating growth. Netflix’s Big Sell-Off May Be Sending the Wrong Signal
• Positive Sentiment: A Fundsmith investor letter argues that difficulties facing rival streaming services highlight Netflix’s strong competitive moat, potentially reinforcing its long-term pricing power and customer retention. Rivals’ Loss Signals Netflix’s Strong Moat
• Positive Sentiment: Another analyst-focused report says NFLX is becoming attractive as the share price declines, with Netflix’s scale, recurring subscription revenue and potential in advertising, gaming and video podcasting providing longer-term upside. NFLX Stock Looks Attractive Even as Growth Slows
• Neutral Sentiment: Coverage of Netflix’s buyback history explains how repurchases can support earnings per share and signal management confidence, but it does not announce a new buyback catalyst. Netflix’s Stock Buybacks: History & Impact Explained
• Negative Sentiment: Netflix’s latest quarter slightly exceeded EPS expectations, but revenue was just below consensus and growth concerns triggered a steep post-earnings decline. The stock remains well below its 52-week high, reflecting investor skepticism about near-term momentum.
• Negative Sentiment: Potential growth initiatives such as gaming and video podcasting are viewed as promising but unlikely to materially improve results immediately. A paused Paramount–Warner Bros. transaction also removes a possible industry catalyst, even though avoiding the deal may reduce execution risk. With Paramount’s Acquisition of Warner Bros. on Hold and Netflix Down 38%, Is Netflix Stock Finally a Buy?

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 9,253 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total transaction of $823,054.35. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at $6,563,353.65. The trade was a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $88.69, for a total value of $2,422,301.28. Following the completion of the sale, the chief executive officer directly owned 120,931 shares in the company, valued at approximately $10,725,370.39. This represents a 18.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 459,255 shares of company stock valued at $39,279,899. 1.24% of the stock is owned by insiders.

Netflix Company Profile

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.