Equitable Trust Co. Decreases Stock Holdings in Netflix, Inc. $NFLX

Equitable Trust Co. reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,644 shares of the Internet television network’s stock after selling 10 shares during the quarter. Equitable Trust Co.’s holdings in Netflix were worth $2,202,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Boston Trust Walden Corp grew its stake in Netflix by 75.8% during the second quarter. Boston Trust Walden Corp now owns 14,458 shares of the Internet television network’s stock worth $19,361,000 after buying an additional 6,233 shares during the period. Wilmington Savings Fund Society FSB grew its stake in Netflix by 18.6% during the second quarter. Wilmington Savings Fund Society FSB now owns 4,425 shares of the Internet television network’s stock worth $5,926,000 after buying an additional 695 shares during the period. Founders Grove Wealth Partners LLC grew its stake in Netflix by 40.1% during the second quarter. Founders Grove Wealth Partners LLC now owns 325 shares of the Internet television network’s stock worth $435,000 after buying an additional 93 shares during the period. Morningstar Investment Management LLC grew its stake in Netflix by 34.1% during the second quarter. Morningstar Investment Management LLC now owns 8,519 shares of the Internet television network’s stock worth $11,408,000 after buying an additional 2,168 shares during the period. Finally, RFG Advisory LLC grew its stake in Netflix by 14.0% during the second quarter. RFG Advisory LLC now owns 7,670 shares of the Internet television network’s stock worth $10,271,000 after buying an additional 939 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Sanford C. Bernstein upped their target price on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Wedbush restated an “outperform” rating and issued a $1,500.00 target price (up from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Finally, UBS Group set a $1,425.00 target price on shares of Netflix in a research note on Tuesday, October 7th. Two investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,337.63.

Insider Activity

In other Netflix news, Director Reed Hastings sold 42,176 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the sale, the director directly owned 394 shares of the company’s stock, valued at approximately $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix 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 completion of the transaction, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at $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. Insiders sold a total of 104,100 shares of company stock worth $122,710,980 over the last ninety days. Insiders own 1.37% of the company’s stock.

Netflix Trading Down 0.3%

NASDAQ NFLX opened at $1,215.35 on Wednesday. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization 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 company’s fifty day moving average price is $1,213.15 and its two-hundred day moving average price is $1,172.10.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the prior year, the firm posted $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. As a group, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.