Huntington National Bank Raises Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Huntington National Bank increased its Netflix stake by 908.1% in the fourth quarter, buying 1.74 million additional shares and bringing its total holding to 1.93 million shares worth about $181.3 million.
• Netflix has seen broad institutional interest, with several other investors also sharply increasing positions; overall, institutional investors own 80.93% of the company.
• Wall Street remains cautiously bullish on Netflix, with an average “Moderate Buy” rating and a consensus price target of $114.82, while the company also posted quarterly EPS and revenue that beat estimates.

Huntington National Bank boosted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 908.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,933,900 shares of the Internet television network's stock after acquiring an additional 1,742,071 shares during the period. Netflix accounts for approximately 1.1% of Huntington National Bank's holdings, making the stock its 19th biggest holding. Huntington National Bank's holdings in Netflix were worth $181,322,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. First Financial Corp IN boosted its holdings in Netflix by 900.0% in the fourth quarter. First Financial Corp IN now owns 270 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 243 shares in the last quarter. DiNuzzo Private Wealth Inc. boosted its holdings in Netflix by 885.2% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 239 shares in the last quarter. Turning Point Benefit Group Inc. boosted its holdings in Netflix by 13,400.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 268 shares in the last quarter. Imprint Wealth LLC bought a new stake in Netflix in the third quarter valued at $25,000. Finally, MB Levis & Associates LLC boosted its holdings in Netflix by 177.8% in the fourth quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network's stock valued at $28,000 after acquiring an additional 192 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

NFLX has been the topic of several recent analyst reports. Cfra upgraded shares of Netflix from a "hold" rating to a "buy" rating and set a $115.00 price target on the stock in a report on Friday, March 6th. DZ Bank reiterated a "buy" rating on shares of Netflix in a report on Friday, April 17th. President Capital boosted their target price on shares of Netflix from $133.00 to $134.00 and gave the company a "buy" rating in a report on Tuesday, March 31st. Needham & Company LLC restated a "buy" rating on shares of Netflix in a report on Friday, April 17th. Finally, Weiss Ratings upgraded shares of Netflix from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and sixteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $114.82.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 5,722 shares of the business's stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $88.08, for a total transaction of $503,993.76. Following the completion of the sale, the insider directly owned 316,100 shares in the company, valued at approximately $27,842,088. The trade was a 1.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory K. Peters sold 27,312 shares of the business's stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $88.69, for a total transaction of $2,422,301.28. Following the sale, the chief executive officer owned 120,931 shares of the company's stock, valued at approximately $10,725,370.39. This represents a 18.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,422,769 shares of company stock worth $135,144,073 in the last quarter. Insiders own 1.24% of the company's stock.

Netflix Stock Performance

Shares of NFLX stock opened at $87.35 on Thursday. Netflix, Inc. has a 12 month low of $75.01 and a 12 month high of $134.12. The stock has a market cap of $367.81 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 1.11 and a beta of 1.55. 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's fifty day moving average price is $93.45 and its 200-day moving average price is $93.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.47. The company had revenue of $12.25 billion for the quarter, compared to analysts' expectations of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. Netflix's revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, equities analysts expect that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

Netflix Company Profile

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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