Trust Point Inc. Acquires 221 Shares of Netflix, Inc. $NFLX

Key Points

• Trust Point Inc. increased its holdings in Netflix by 10.8%, owning 2,264 shares valued at approximately $3,032,000 as of the end of the second quarter.
• Netflix reported quarterly earnings of $7.19 per share, exceeding analysts' expectations by $0.12, and showed a 15.9% increase in revenue year-over-year.
• Insider selling activity included Director Reed Hastings and CEO Gregory K. Peters, who sold a combined total of approximately $33.7 million in shares during recent transactions.

Trust Point Inc. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,264 shares of the Internet television network's stock after buying an additional 221 shares during the quarter. Trust Point Inc.'s holdings in Netflix were worth $3,032,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NFLX. Brighton Jones LLC boosted its holdings in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after acquiring an additional 144 shares during the last quarter. Waverly Advisors LLC lifted its position in shares of Netflix by 29.6% during the 4th quarter. Waverly Advisors LLC now owns 3,545 shares of the Internet television network's stock valued at $3,160,000 after acquiring an additional 810 shares during the last quarter. Continuum Advisory LLC boosted its stake in shares of Netflix by 9.0% during the 4th quarter. Continuum Advisory LLC now owns 788 shares of the Internet television network's stock worth $703,000 after acquiring an additional 65 shares in the last quarter. Finally, First Heartland Consultants Inc. grew its holdings in shares of Netflix by 7.3% in the 4th quarter. First Heartland Consultants Inc. now owns 811 shares of the Internet television network's stock worth $723,000 after acquiring an additional 55 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NFLX shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, September 11th. JPMorgan Chase & Co. upped their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Loop Capital upgraded shares of Netflix from a "hold" rating to a "buy" rating and raised their target price for the stock from $1,150.00 to $1,350.00 in a report on Wednesday. Barclays restated a "sell" rating and issued a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Finally, Phillip Securities lowered shares of Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,328.87.

Netflix Stock Performance

NFLX traded up $19.19 during trading on Friday, hitting $1,226.97. The stock had a trading volume of 4,943,369 shares, compared to its average volume of 2,658,717. The firm has a market cap of $521.38 billion, a PE ratio of 52.28, a P/E/G ratio of 2.07 and a beta of 1.60. 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, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The company has a 50 day simple moving average of $1,212.49 and a 200-day simple moving average of $1,139.63.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data 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 return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the company posted $4.88 earnings per share. The firm'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. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the sale, the director owned 394 shares in the company, valued at $475,837.74. This represents a 98.50% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is currently owned by insiders.

Netflix Company 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.