First National Trust Co Purchases 288 Shares of Netflix, Inc. (NASDAQ:NFLX)

Key Points

• First National Trust Co has increased its holdings in Netflix, Inc. by 22.9%, acquiring an additional 288 shares during the first quarter, bringing its total to 1,546 shares valued at approximately $1,442,000.
• Other large investors, such as GAMMA Investing LLC and Two Sigma Advisers LP, have also significantly increased their stakes in Netflix during the same period, underscoring growing institutional interest.
• Netflix's stock recently opened at $1,184.20 and reported earnings of $7.19 per share, exceeding analysts' expectations, suggesting strong ongoing financial performance.

First National Trust Co lifted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 22.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,546 shares of the Internet television network's stock after purchasing an additional 288 shares during the quarter. First National Trust Co's holdings in Netflix were worth $1,442,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FMR LLC lifted its position in shares of Netflix by 1.8% in the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after purchasing an additional 375,234 shares in the last quarter. GAMMA Investing LLC boosted its stake 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 worth $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Netflix by 14.3% in the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock valued at $4,076,903,000 after acquiring an additional 570,674 shares in the last quarter. Invesco Ltd. increased its position in shares of Netflix by 2.9% in the fourth quarter. Invesco Ltd. now owns 4,308,201 shares of the Internet television network's stock valued at $3,839,986,000 after acquiring an additional 119,787 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Netflix by 42.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,387,159 shares of the Internet television network's stock worth $1,293,567,000 after acquiring an additional 410,235 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Up 1.0%

Shares of NFLX stock traded up $11.82 on Friday, hitting $1,171.22. The stock had a trading volume of 611,782 shares, compared to its average volume of 4,247,524. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market cap of $497.69 billion, a price-to-earnings ratio of 49.93, a price-to-earnings-growth ratio of 1.99 and a beta of 1.59. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15. The business has a 50 day moving average of $1,234.85 and a 200 day moving average of $1,080.08.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%. Netflix's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.88 earnings per share. As a group, analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NFLX. Rosenblatt Securities raised their price target on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research note on Friday, July 18th. BMO Capital Markets reaffirmed 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. Bank of America raised their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research note on Friday, May 30th. KeyCorp boosted their price target on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, Pivotal Research reiterated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,297.66.

Insider Buying and Selling

In related news, Director Bradford L. Smith sold 3,919 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the transaction, the director owned 7,969 shares in the company, valued at approximately $8,959,227.94. This represents a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,211.67, for a total value of $3,151,553.67. Following the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,472,273.97. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 123,830 shares of company stock worth $153,102,930 in the last ninety days. Corporate insiders own 1.37% of the company's stock.

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.