Netflix, Inc. $NFLX Shares Acquired by NBT Bank N A NY

Key Points

• NBT Bank N A NY has increased its stake in Netflix, Inc. by 15.9% in the second quarter, now holding a total of 4,457 shares valued at approximately $5.97 million.
• Netflix's stock price increased by 2.4%, with the company currently having a market capitalization of $506.12 billion and a price-to-earnings ratio of 50.75.
• Insider trading reports show that CEO Theodore A. Sarandos and CFO Spencer Adam Neumann sold shares, resulting in a significant decrease in their holdings, with insiders selling a total of 104,100 shares worth over $122 million in the last three months.

NBT Bank N A NY increased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 15.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,457 shares of the Internet television network's stock after buying an additional 610 shares during the period. NBT Bank N A NY's holdings in Netflix were worth $5,969,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after purchasing an additional 509,255 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock valued at $10,940,505,000 after purchasing an additional 304,399 shares during the last quarter. Alliancebernstein L.P. lifted its position in Netflix by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock valued at $4,844,436,000 after purchasing an additional 53,611 shares during the last quarter. Invesco Ltd. lifted its position in Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock valued at $4,350,083,000 after purchasing an additional 356,617 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Netflix by 3.5% in the 1st quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network's stock valued at $4,089,765,000 after purchasing an additional 148,675 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Up 2.4%

NFLX stock opened at $1,191.06 on Wednesday. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The company has a market capitalization of $506.12 billion, a price-to-earnings ratio of 50.75, a price-to-earnings-growth ratio of 1.96 and a beta of 1.59. The firm's 50-day moving average is $1,207.58 and its two-hundred day moving average is $1,163.42. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the firm earned $4.88 EPS. The business's revenue for the quarter was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the sale, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,327,734.41. The trade was a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,100 shares of company stock worth $122,710,980. Company insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent research reports. Cowen reiterated a "buy" rating on shares of Netflix in a research report on Tuesday. Wedbush reiterated an "outperform" rating and issued a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Itau BBA Securities began coverage on shares of Netflix in a research report on Tuesday. They set an "outperform" rating and a $1,514.00 price target on the stock. Oppenheimer boosted their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Finally, UBS Group set a $1,425.00 price target on shares of Netflix in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,337.63.

Netflix 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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