Central Pacific Bank Trust Division Purchases 1,219 Shares of Netflix, Inc. $NFLX

Key Points

• Central Pacific Bank Trust Division increased its Netflix holdings by 49.4%, now owning a total of 3,689 shares, which constitutes 0.6% of its portfolio, valued at approximately $4.94 million.
• Insider sales showed significant activity, with CFO Spencer Adam Neumann selling 2,600 shares for over $3.14 million, leading to a 41.33% reduction in his ownership.
• Netflix's recent earnings report beat expectations with an EPS of $7.19, and the company had a revenue increase of 15.9% year-over-year, reaffirming its financial strength.

Central Pacific Bank Trust Division raised its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 49.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,689 shares of the Internet television network's stock after purchasing an additional 1,219 shares during the period. Netflix accounts for approximately 0.6% of Central Pacific Bank Trust Division's portfolio, making the stock its 28th largest holding. Central Pacific Bank Trust Division's holdings in Netflix were worth $4,940,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd bought a new position in shares of Netflix in the fourth quarter worth $27,000. Copia Wealth Management bought a new position in shares of Netflix in the fourth quarter worth $37,000. Flaharty Asset Management LLC bought a new position in shares of Netflix in the first quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its holdings in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,457,842.16. This trade represents a 41.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is currently owned by company insiders.

Netflix Trading Down 1.3%

NASDAQ NFLX opened at $1,188.44 on Friday. The stock's 50-day simple moving average is $1,218.15 and its two-hundred day simple moving average is $1,131.45. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. 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 company has a market capitalization of $505.00 billion, a price-to-earnings ratio of 50.64, a PEG ratio of 2.03 and a beta of 1.60.

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

Analyst Ratings Changes

NFLX has been the subject of a number of analyst reports. Sanford C. Bernstein raised their price target on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. The Goldman Sachs Group raised their price target on Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Seaport Res Ptn lowered Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Bank of America raised their price target on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, Loop Capital reiterated a "hold" rating 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.

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