Trust Co. of Oklahoma Has $842,000 Stock Holdings in Netflix, Inc. $NFLX

Trust Co. of Oklahoma raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 123.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 629 shares of the Internet television network’s stock after buying an additional 348 shares during the period. Trust Co. of Oklahoma’s holdings in Netflix were worth $842,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC grew its position in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the fourth quarter valued at about $27,000. Flaharty Asset Management LLC bought a new stake in shares of Netflix during the first quarter worth about $37,000. Copia Wealth Management bought a new stake in shares of Netflix during the fourth quarter worth about $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix in the first quarter valued at approximately $42,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Down 1.3%

Shares of Netflix stock opened at $1,188.44 on Friday. The stock’s 50-day moving average is $1,218.15 and its 200 day moving average is $1,132.43. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The firm has a market cap of $505.00 billion, a price-to-earnings ratio of 50.64, a PEG ratio of 2.03 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, Director Reed Hastings sold 25,959 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the sale, the director directly owned 394 shares in the company, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock valued at $109,498,489 in the last ninety days. Insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NFLX. Citigroup reissued a “neutral” rating and set a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. UBS Group reissued a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. Pivotal Research restated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Wedbush reaffirmed an “outperform” rating and set a $1,500.00 target price (up from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Finally, KeyCorp upped their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,317.58.

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.