Wilmington Savings Fund Society FSB Buys 695 Shares of Netflix, Inc. $NFLX

Wilmington Savings Fund Society FSB lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 18.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,425 shares of the Internet television network’s stock after buying an additional 695 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Netflix were worth $5,926,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC raised its position in shares of Netflix by 100.0% in 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 in the last quarter. Stephens Consulting LLC increased its position in Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after buying an additional 15 shares in the last quarter. Flaharty Asset Management LLC bought a new stake in Netflix in the 1st quarter valued at about $37,000. Maseco LLP bought a new stake in Netflix in the 2nd quarter valued at about $39,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in Netflix in the 1st quarter valued at about $42,000. 80.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Loop Capital upgraded Netflix from a “hold” rating to a “buy” rating and lifted their price target for the company from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. BMO Capital Markets reiterated an “outperform” rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Weiss Ratings restated a “buy (b)” rating on shares of Netflix in a research note on Wednesday, October 8th. The Goldman Sachs Group cut their target price on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Finally, KeyCorp lifted their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Two 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,337.63.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,290,418.40. The trade was a 41.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the sale, the insider owned 31,610 shares in the company, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock worth $122,710,980 in the last 90 days. Company insiders own 1.37% of the company’s stock.

Netflix Price Performance

NFLX stock opened at $1,215.35 on Wednesday. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The company has a market cap of $516.43 billion, a P/E ratio of 51.78, a PEG ratio of 2.05 and a beta of 1.59. 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 firm has a 50-day moving average of $1,213.15 and a 200 day moving average of $1,172.10.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last 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. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

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.