Heartland Bank & Trust Co Has $1.43 Million Stake in Netflix, Inc. $NFLX

Key Points

• Heartland Bank & Trust Co boosted its Netflix stake by 869.5% in Q4, buying an additional 13,643 shares to hold 15,212 shares worth about $1.426 million.
• Netflix beat quarterly estimates with $1.23 EPS versus $0.76 expected and $12.25 billion in revenue, reported a 28.5% net margin, and set Q2 guidance of $0.78 EPS.
• Institutional buying has surged—Vanguard added roughly 351.5 million shares to reach about 390.0 million total and institutional ownership is ~80.93%—while insiders sold about 1.4 million shares last quarter, including Reed Hastings' 407,550-share sale.

Heartland Bank & Trust Co lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 869.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,212 shares of the Internet television network's stock after purchasing an additional 13,643 shares during the period. Heartland Bank & Trust Co's holdings in Netflix were worth $1,426,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NFLX. Vanguard Group Inc. lifted its position in shares of Netflix by 912.5% during the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network's stock worth $36,567,805,000 after purchasing an additional 351,493,659 shares in the last quarter. Baillie Gifford & Co. raised its stake in shares of Netflix by 912.3% during the fourth quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network's stock worth $3,463,498,000 after buying an additional 33,290,988 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Netflix by 639.9% during the fourth quarter. Jennison Associates LLC now owns 34,871,951 shares of the Internet television network's stock worth $3,269,594,000 after buying an additional 30,158,900 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Netflix by 891.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,099,908 shares of the Internet television network's stock worth $1,134,487,000 after buying an additional 10,879,276 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Netflix by 850.7% during the fourth quarter. Principal Financial Group Inc. now owns 10,858,157 shares of the Internet television network's stock worth $1,018,062,000 after buying an additional 9,716,017 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Down 1.1%

NFLX opened at $91.05 on Tuesday. The company's 50 day moving average is $94.81 and its 200-day moving average is $96.77. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The company has a market cap of $383.38 billion, a P/E ratio of 29.41, a PEG ratio of 1.18 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.47. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The company had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.17 billion. During the same period last year, the company posted $6.61 EPS. The firm's quarterly revenue was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities research analysts predict that Netflix, Inc. will post 3.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Reed Hastings sold 407,550 shares of Netflix stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $93.13, for a total transaction of $37,955,131.50. Following the sale, the director directly owned 3,940 shares in the company, valued at $366,932.20. This trade represents a 99.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cletus R. Willems sold 3,136 shares of Netflix stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $82.67, for a total transaction of $259,253.12. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,398,593 shares of company stock worth $132,740,606 in the last quarter. Corporate insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays set a $110.00 price target on shares of Netflix and gave the stock an "equal weight" rating in a research note on Friday, April 17th. Seaport Research Partners boosted their price target on shares of Netflix from $115.00 to $119.00 and gave the stock a "buy" rating in a research note on Friday, April 17th. Weiss Ratings downgraded shares of Netflix from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, January 22nd. Moffett Nathanson boosted their price target on shares of Netflix from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, April 14th. Finally, Huber Research raised shares of Netflix from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and fifteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $114.82.

About Netflix

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company's primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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