Heartland Bank & Trust Co Has $2.63 Million Position in Netflix, Inc. $NFLX

Heartland Bank & Trust Co lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,961 shares of the Internet television network’s stock after selling 60 shares during the quarter. Netflix comprises approximately 1.2% of Heartland Bank & Trust Co’s investment portfolio, making the stock its 15th largest holding. Heartland Bank & Trust Co’s holdings in Netflix were worth $2,626,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Halbert Hargrove Global Advisors LLC lifted its stake 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 valued at $25,000 after acquiring an additional 13 shares in the last quarter. Stephens Consulting LLC lifted its stake in Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after acquiring an additional 15 shares in the last quarter. Flaharty Asset Management LLC bought a new position in Netflix during the 1st quarter valued at $37,000. Maseco LLP bought a new position in Netflix during the 2nd quarter valued at $39,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Netflix during the 1st quarter valued at $42,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Down 0.1%

Shares of NASDAQ NFLX opened at $1,219.03 on Tuesday. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $518.00 billion, a price-to-earnings ratio of 51.94, a PEG ratio of 2.05 and a beta of 1.59. The business has a 50-day moving average of $1,211.81 and a 200-day moving average of $1,171.80.

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

Insider Buying and Selling

In related news, insider Cletus R. Willems sold 238 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. 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 ninety days. Corporate insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NFLX shares. Citigroup restated a “neutral” rating and set a $1,295.00 price objective (up from $1,280.00) on shares of Netflix in a research note on Friday, October 3rd. Pivotal Research reiterated a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Barclays reiterated a “sell” rating and set a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Wells Fargo & Company boosted their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,337.63.

About Netflix

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.