Wesbanco Bank Inc. Has $17 Million Stock Position in Netflix, Inc. $NFLX

Key Points

• Wesbanco Bank Inc. increased its stake in Netflix, owning 12,698 shares valued at approximately $17 million after acquiring an additional 1,174 shares in Q2.
• Netflix's stock opened at $1,188.44, with a market cap of $505 billion, and a recent twelve-month revenue showing a 15.9% increase year-over-year.
• Company insiders sold a total of 89,348 shares worth nearly $109.5 million in the last quarter, significantly impacting their ownership percentages.

Wesbanco Bank Inc. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,698 shares of the Internet television network's stock after purchasing an additional 1,174 shares during the period. Wesbanco Bank Inc.'s holdings in Netflix were worth $17,004,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Fullcircle Wealth LLC boosted its position in Netflix by 2.5% during the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after purchasing an additional 9 shares during the last quarter. Capital Analysts LLC lifted its position in shares of Netflix by 0.3% in the first quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock worth $2,443,000 after buying an additional 9 shares during the last quarter. Enterprise Financial Services Corp lifted its position in shares of Netflix by 1.8% in the first quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock worth $471,000 after buying an additional 9 shares during the last quarter. Continuum Wealth Advisors LLC lifted its position in shares of Netflix by 4.4% in the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock worth $219,000 after buying an additional 10 shares during the last quarter. Finally, Financial Enhancement Group LLC lifted its position in shares of Netflix by 2.5% in the first quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock worth $384,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insiders Place Their Bets

In related news, Director Reed Hastings sold 25,959 shares of the business's stock in a transaction dated 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 transaction, the director directly owned 394 shares in the company, valued at $475,837.74. The trade was a 98.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock worth $109,498,489 over the last quarter. 1.37% of the stock is currently owned by company insiders.

Netflix Price Performance

NASDAQ NFLX opened at $1,188.44 on Friday. Netflix, Inc. has a twelve month low of $677.88 and a twelve month 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 stock has a market capitalization of $505.00 billion, a PE ratio of 50.64, a P/E/G ratio of 2.03 and a beta of 1.60. The stock has a 50-day simple moving average of $1,218.15 and a 200 day simple moving average of $1,132.43.

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 for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter in the previous year, the firm earned $4.88 EPS. The firm'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 anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NFLX. UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research report on Tuesday, July 15th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Finally, Rosenblatt Securities boosted their price target on Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,317.58.

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.

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