Diversified Trust Co Acquires 3,410 Shares of Netflix, Inc. $NFLX

Key Points

• Diversified Trust Co increased its stake in Netflix, Inc. by 46.4% in Q2, now owning 10,753 shares worth approximately $14.4 million.
• Netflix's latest earnings report showed a quarterly EPS of $7.19, beating estimates, with a revenue of $11.08 billion, reflecting a 15.9% year-over-year growth.
• Analysts maintain a consensus rating of "Moderate Buy" for Netflix, with price targets reaching up to $1,500, indicating strong investor confidence.

Diversified Trust Co raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 46.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,753 shares of the Internet television network's stock after buying an additional 3,410 shares during the period. Diversified Trust Co's holdings in Netflix were worth $14,400,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NFLX. Brighton Jones LLC boosted its stake in shares of Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after buying an additional 257 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares during the last quarter. Cornerstone Advisory LLC lifted its stake in shares of Netflix by 23.4% in the 4th quarter. Cornerstone Advisory LLC now owns 506 shares of the Internet television network's stock valued at $451,000 after purchasing an additional 96 shares during the last quarter. Connecticut Wealth Management LLC lifted its stake in shares of Netflix by 3.3% in the 4th quarter. Connecticut Wealth Management LLC now owns 941 shares of the Internet television network's stock valued at $839,000 after purchasing an additional 30 shares during the last quarter. Finally, Vise Technologies Inc. lifted its stake in shares of Netflix by 62.8% in the 4th quarter. Vise Technologies Inc. now owns 8,040 shares of the Internet television network's stock valued at $7,166,000 after purchasing an additional 3,101 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NFLX shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,500.00 price objective on shares of Netflix in a research note on Wednesday, September 10th. Oppenheimer raised their price target on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Rosenblatt Securities raised their price target on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Seaport Res Ptn downgraded Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued 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, Netflix presently has a consensus rating of "Moderate Buy" and an average target price of $1,328.87.

Insider Activity at Netflix

In other news, CEO Theodore A. Sarandos 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 $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction dated 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 sale, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is owned by company insiders.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded up $19.19 on Friday, hitting $1,226.97. 4,943,369 shares of the company were exchanged, compared to its average volume of 2,658,717. The company's 50 day moving average price is $1,212.49 and its two-hundred day moving average price is $1,140.66. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market capitalization of $521.38 billion, a price-to-earnings ratio of 52.28, a PEG ratio of 2.07 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the previous year, the firm posted $4.88 EPS. The business's revenue 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. Research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.