Whittier Trust Co. of Nevada Inc. Lowers Stock Holdings in Netflix, Inc. $NFLX

Whittier Trust Co. of Nevada Inc. trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 11.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,624 shares of the Internet television network’s stock after selling 218 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Netflix were worth $2,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Stephens Consulting LLC boosted 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 during the period. Flaharty Asset Management LLC purchased a new stake in Netflix in the 1st quarter valued at about $37,000. Maseco LLP purchased a new stake in Netflix in the 2nd quarter valued at about $39,000. LGT Financial Advisors LLC purchased a new stake in Netflix in the 2nd quarter valued at about $40,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in Netflix in the 1st quarter valued at about $42,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Up 0.2%

Shares of Netflix stock opened at $1,241.35 on Wednesday. The firm’s 50 day simple moving average is $1,214.20 and its two-hundred day simple moving average is $1,182.49. The firm has a market capitalization of $527.49 billion, a price-to-earnings ratio of 52.89, a PEG ratio of 2.08 and a beta of 1.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12-month low of $744.26 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing the consensus estimate of $6.88 by ($1.01). The business had revenue of $11.51 billion during the quarter, compared to analysts’ expectations of $11.52 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm’s revenue was up 17.2% on a year-over-year basis. During the same period last year, the company earned $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the subject of several research reports. Morgan Stanley set a $1,500.00 price objective on shares of Netflix in a research report on Monday, October 13th. The Goldman Sachs Group reduced their price target on shares of Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Barclays restated a “sell” rating and issued a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Cowen restated a “buy” rating on shares of Netflix in a report on Tuesday, October 7th. Finally, Piper Sandler boosted their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $1,339.81.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at $4,290,418.40. The trade was a 41.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by corporate insiders.

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.