Netflix, Inc. $NFLX Shares Purchased by US Bancorp DE

US Bancorp DE grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,686 shares of the Internet television network's stock after acquiring an additional 12,399 shares during the quarter. US Bancorp DE's holdings in Netflix were worth $176,345,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC increased its stake in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in shares of Netflix during the 1st quarter valued at about $37,000. Maseco LLP acquired a new position in shares of Netflix during the 2nd quarter valued at about $39,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix during the 1st quarter worth approximately $42,000. Finally, 1248 Management LLC acquired a new stake in Netflix during the 1st quarter worth approximately $43,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Performance

Netflix stock opened at $1,214.25 on Thursday. The stock has a market cap of $515.97 billion, a P/E ratio of 51.74, a price-to-earnings-growth ratio of 2.00 and a beta of 1.59. 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 stock has a 50 day moving average of $1,208.18 and a 200-day moving average of $1,163.77. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15.

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, beating the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NFLX. Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a research report on Thursday, September 11th. The Goldman Sachs Group dropped their target price on shares of Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating for the company in a research report on Tuesday, September 30th. Phillip Securities downgraded shares of Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Finally, Wedbush reissued an "outperform" rating and set a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and an average price target of $1,337.63.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 424 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 value of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by insiders.

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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