Wilmington Savings Fund Society FSB Has $5.93 Million Position in Netflix, Inc. $NFLX

Key Points

• Wilmington Savings Fund Society FSB increased its stake in Netflix, Inc. by 18.6% during Q2, holding 4,425 shares valued at approximately $5.93 million at the end of the reporting period.
• Multiple investment firms, including BMO Capital Markets and Rosenblatt Securities, have raised their price targets for Netflix, reflecting a generally positive outlook on the stock's performance.
• Insider trading activity has seen significant sales, with CEO Theodore Sarandos and CFO Spencer Neumann selling thousands of shares, marking substantial decreases in their ownership of the company.

Wilmington Savings Fund Society FSB increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 18.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,425 shares of the Internet television network's stock after buying an additional 695 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Netflix were worth $5,926,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NFLX. Brighton Jones LLC grew its position 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 grew its position in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after buying an additional 144 shares in the last quarter. GAMMA Investing LLC grew its position in Netflix by 17.6% during the first quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network's stock worth $8,836,000 after buying an additional 1,415 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Netflix by 28.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 91,054 shares of the Internet television network's stock worth $84,909,000 after buying an additional 20,152 shares in the last quarter. Finally, Acropolis Investment Management LLC grew its position in Netflix by 10.1% during the first quarter. Acropolis Investment Management LLC now owns 327 shares of the Internet television network's stock worth $305,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. BMO Capital Markets reiterated an "outperform" rating and issued a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Rosenblatt Securities lifted their price target on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research note on Friday, July 18th. TD Cowen decreased their price target on Netflix from $1,450.00 to $1,425.00 and set a "buy" rating on the stock in a research note on Tuesday, October 7th. Wells Fargo & Company lifted their price target on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, Wedbush reiterated an "outperform" rating and issued a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,337.63.

Netflix Trading Down 0.3%

NASDAQ NFLX opened at $1,215.35 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The company has a market cap of $516.43 billion, a price-to-earnings ratio of 51.78, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. The business's fifty day moving average is $1,213.15 and its 200 day moving average is $1,172.10.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating 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 company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the business posted $4.88 EPS. Netflix'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. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares of the company's stock, valued at $17,604,284.16. This trade represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,327,734.41. This represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock worth $122,710,980 over the last 90 days. 1.37% of the stock is currently owned by company 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.

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