Hilltop National Bank Acquires Shares of 3,977 Netflix, Inc. $NFLX

Key Points

• Hilltop National Bank has acquired 3,977 shares of Netflix, valued at approximately $5.3 million, making Netflix 1.4% of its investment portfolio.
• Netflix reported a quarterly EPS of $7.19, surpassing estimates, and demonstrated a 15.9% year-over-year revenue increase with earnings guidance for FY 2025.
• Insider selling activity was noted, with CEO Gregory K. Peters selling shares worth $2.34 million, reflecting overall significant insider transactions over the last quarter.

Hilltop National Bank acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,977 shares of the Internet television network's stock, valued at approximately $5,326,000. Netflix comprises 1.4% of Hilltop National Bank's portfolio, making the stock its 13th largest holding.

A number of other large investors have also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC lifted its stake in 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 purchasing an additional 13 shares during the last quarter. Maseco LLP purchased a new stake in shares of Netflix in the second quarter worth approximately $39,000. Ransom Advisory Ltd bought a new position in Netflix in the 2nd quarter valued at $47,000. Flaharty Asset Management LLC bought a new position in Netflix in the 1st quarter valued at $37,000. Finally, Signature Resources Capital Management LLC boosted its stake in shares of Netflix by 740.0% during the second quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network's stock valued at $56,000 after purchasing an additional 37 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Down 0.7%

NASDAQ:NFLX opened at $1,162.53 on Friday. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The firm has a 50 day moving average of $1,207.90 and a 200 day moving average of $1,157.42. 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 stock has a market capitalization of $493.99 billion, a price-to-earnings ratio of 49.53, a PEG ratio of 1.97 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating 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 firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the business posted $4.88 EPS. The business's revenue for the quarter 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, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other Netflix news, insider David A. Hyman sold 424 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the sale, the insider owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock worth $122,710,980 over the last quarter. Company insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on NFLX shares. Loop Capital raised shares of Netflix from a "hold" rating to a "buy" rating and raised their price target for the stock from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. The Goldman Sachs Group reduced their target price on shares of Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating on the stock in a research report on Tuesday. Seaport Res Ptn lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. Robert W. Baird increased their price objective on Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, Oppenheimer upped their target price on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,334.03.

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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