Trust Co. of Toledo NA OH Acquires 332 Shares of Netflix, Inc. $NFLX

Trust Co. of Toledo NA OH boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,949 shares of the Internet television network’s stock after purchasing an additional 332 shares during the period. Trust Co. of Toledo NA OH’s holdings in Netflix were worth $3,949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Netflix by 1.4% in the first 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. Price T Rowe Associates Inc. MD lifted its stake in Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock valued at $10,940,505,000 after purchasing an additional 304,399 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Netflix by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock valued at $4,844,436,000 after acquiring an additional 53,611 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock valued at $4,350,083,000 after acquiring an additional 356,617 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Netflix by 3.5% in the 1st quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network’s stock valued at $4,089,765,000 after acquiring an additional 148,675 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Shares of NFLX stock opened at $1,220.08 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $1,210.84 and a 200-day moving average of $1,167.10. The company has a market cap of $518.45 billion, a price-to-earnings ratio of 51.98, a price-to-earnings-growth ratio of 2.07 and a beta of 1.59. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15.

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

Wall Street Analyst Weigh In

Several research firms have commented on NFLX. Wedbush reiterated an “outperform” rating and issued a $1,500.00 target price (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Wall Street Zen lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Citigroup reiterated a “neutral” rating and issued a $1,295.00 price objective (up previously from $1,280.00) on shares of Netflix in a report on Friday, October 3rd. KeyCorp raised their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Finally, Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and raised their price target for the company from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,337.63.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction dated 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 transaction, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by insiders.

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.