First Hawaiian Bank Trims Stock Position in Netflix, Inc. $NFLX

Key Points

• First Hawaiian Bank has reduced its stake in Netflix, Inc. by 25.6%, selling 1,947 shares and bringing its holdings to 5,651 shares worth approximately $5.27 million as of the end of the most recent quarter.
• In the first quarter, several institutional investors increased their stakes in Netflix, with Modern Wealth Management raising its investment by 38.6%.
• Netflix recently reported $7.19 EPS for the last quarter, exceeding analyst expectations, and generated revenue of $11.08 billion, a year-over-year increase of 15.9%.

First Hawaiian Bank lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 25.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,651 shares of the Internet television network's stock after selling 1,947 shares during the period. First Hawaiian Bank's holdings in Netflix were worth $5,270,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Harold Davidson & Associates Inc. raised its stake in shares of Netflix by 6.4% during the 1st quarter. Harold Davidson & Associates Inc. now owns 466 shares of the Internet television network's stock valued at $435,000 after buying an additional 28 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its stake in shares of Netflix by 231.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 63 shares of the Internet television network's stock valued at $59,000 after buying an additional 44 shares during the last quarter. Cim Investment Management Inc. raised its stake in shares of Netflix by 6.7% during the 1st quarter. Cim Investment Management Inc. now owns 3,338 shares of the Internet television network's stock valued at $3,113,000 after buying an additional 209 shares during the last quarter. Modern Wealth Management LLC raised its stake in shares of Netflix by 38.6% during the 1st quarter. Modern Wealth Management LLC now owns 1,375 shares of the Internet television network's stock valued at $1,282,000 after buying an additional 383 shares during the last quarter. Finally, Nova Wealth Management Inc. raised its stake in shares of Netflix by 25.3% during the 1st quarter. Nova Wealth Management Inc. now owns 109 shares of the Internet television network's stock valued at $102,000 after buying an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NFLX. Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. Needham & Company LLC restated a "buy" rating and issued a $1,500.00 price target on shares of Netflix in a research note on Wednesday. Evercore ISI restated an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Zacks Research lowered Netflix from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Finally, JPMorgan Chase & Co. lifted their price target 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,317.58.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was 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 owned 15,168 shares in the company, valued at approximately $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. In the last quarter, 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 Price Performance

NASDAQ:NFLX opened at $1,203.50 on Friday. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The stock has a 50 day moving average of $1,220.29 and a two-hundred day moving average of $1,130.00. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market cap of $511.40 billion, a P/E ratio of 51.28, a price-to-earnings-growth ratio of 2.10 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping 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 analyst estimates of $11.04 billion. During the same period in the previous year, the business earned $4.88 EPS. Netflix's quarterly revenue 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. On average, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.

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