Netflix, Inc. $NFLX Shares Acquired by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. increased its position in Netflix by 34.7%, acquiring an additional 6,473 shares, bringing its total to 25,152 shares valued at approximately $33.68 million.
• Multiple hedge funds have also engaged in significant trading with Netflix shares, with Stephens Consulting raising its stake by 150% during the second quarter.
• Netflix recently reported a quarterly EPS of $5.87, missing analysts' estimates, while the company has guidance for FY 2025 EPS set at $5.450.

First Citizens Bank & Trust Co. increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 34.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,152 shares of the Internet television network's stock after buying an additional 6,473 shares during the period. Netflix comprises about 0.5% of First Citizens Bank & Trust Co.'s portfolio, making the stock its 23rd biggest position. First Citizens Bank & Trust Co.'s holdings in Netflix were worth $33,682,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Stephens Consulting LLC lifted its position in shares of Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock worth $33,000 after purchasing an additional 15 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in Netflix in the first quarter valued at $37,000. Maseco LLP purchased a new stake in Netflix during the 2nd quarter worth about $39,000. LGT Financial Advisors LLC purchased a new stake in Netflix during the 2nd quarter worth about $40,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix during the 1st quarter worth about $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In related news, Director Reed Hastings sold 42,176 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the transaction, the director owned 394 shares of the company's stock, valued at $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,100 shares of company stock valued at $122,710,980. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Performance

Shares of NFLX opened at $1,116.37 on Thursday. 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 $474.38 billion, a PE ratio of 46.63, a price-to-earnings-growth ratio of 2.09 and a beta of 1.59. The company's 50 day simple moving average is $1,212.43 and its 200-day simple moving average is $1,182.04. Netflix, Inc. has a 12-month low of $744.26 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing the consensus estimate of $6.88 by ($1.01). The business had revenue of $11.51 billion during the quarter, compared to analysts' expectations of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 42.45%. The firm's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the company earned $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the topic of several research analyst reports. Guggenheim reissued a "buy" rating and set a $1,450.00 target price on shares of Netflix in a research report on Wednesday. Citigroup reissued a "neutral" rating and set a $1,295.00 price objective (up previously from $1,280.00) on shares of Netflix in a report on Friday, October 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Netflix from $1,300.00 to $1,275.00 and set a "neutral" rating for the company in a research report on Wednesday. UBS Group set a $1,500.00 target price on shares of Netflix in a research report on Wednesday. Finally, Cowen reiterated a "buy" rating on shares of Netflix in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Netflix has an average rating of "Moderate Buy" and an average price target of $1,341.22.

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.

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