Central Bank & Trust Co. Trims Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Central Bank & Trust Co. reduced its holdings in Netflix, Inc. by 8.1%, selling 285 shares, bringing its total ownership to 3,221 shares valued at approximately $4.31 million.
• Several hedge funds increased their stakes in Netflix, with Vanguard Group adding 509,255 shares to their total, now owning over 37.99 million shares valued at $35.43 billion.
• Netflix shares are currently priced at $1,202.26, showing a recent gain of 1.2% with a market capitalization of $510.88 billion.

Central Bank & Trust Co. trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,221 shares of the Internet television network's stock after selling 285 shares during the period. Central Bank & Trust Co.'s holdings in Netflix were worth $4,313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after buying an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Netflix by 2.7% during 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 in the last quarter. GAMMA Investing LLC grew its position in shares of Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after purchasing an additional 8,827,662 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Netflix by 1.0% during 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 purchasing an additional 53,611 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Netflix by 8.3% during 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 purchasing an additional 356,617 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Up 1.2%

Shares of NASDAQ:NFLX opened at $1,202.26 on Tuesday. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The firm has a fifty day moving average of $1,216.40 and a 200 day moving average of $1,135.17. The firm has a market capitalization of $510.88 billion, a PE ratio of 51.23, a price-to-earnings-growth ratio of 2.00 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the business earned $4.88 earnings per share. The firm's quarterly revenue 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. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Loop Capital restated a "hold" rating on shares of Netflix in a research report on Tuesday, July 15th. Oppenheimer boosted their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. Morgan Stanley restated an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Pivotal Research restated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Finally, BMO Capital Markets restated an "outperform" rating and set a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. One 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 issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,317.58.

Insider Activity at Netflix

In other Netflix news, Director Reed Hastings sold 25,959 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the sale, the director directly owned 394 shares of the company's stock, valued at $475,837.74. The trade was a 98.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business's 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 completion of the sale, the chief executive officer directly owned 15,168 shares of the company's stock, valued at $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,348 shares of company stock valued at $109,498,489 over the last ninety days. 1.37% of the stock is currently owned by insiders.

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.

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