Members Trust Co Invests $210,000 in Netflix, Inc. $NFLX

Members Trust Co purchased a new position in Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 157 shares of the Internet television network’s stock, valued at approximately $210,000.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after purchasing an additional 509,255 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock worth $10,940,505,000 after purchasing an additional 304,399 shares during the period. Alliancebernstein L.P. lifted its position in shares of Netflix by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock worth $4,844,436,000 after purchasing an additional 53,611 shares during the period. Invesco Ltd. lifted its position in shares of Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock worth $4,350,083,000 after purchasing an additional 356,617 shares during the period. Finally, Wellington Management Group LLP lifted its position in Netflix by 3.5% during the first quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network’s stock valued at $4,089,765,000 after acquiring an additional 148,675 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 0.2%

NASDAQ NFLX opened at $1,241.35 on Wednesday. The company has a fifty day simple moving average of $1,214.20 and a two-hundred day simple moving average of $1,182.49. The stock has a market cap of $527.49 billion, a P/E ratio of 52.89, a P/E/G ratio of 2.08 and a beta of 1.59. Netflix, Inc. has a 12-month low of $744.26 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.

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

Insider Activity

In related news, 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 completion of the transaction, the chief executive officer 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was 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 directly owned 3,691 shares of the company’s stock, valued at approximately $4,290,418.40. This trade represents a 41.34% 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 valued at $122,710,980 over the last quarter. Insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NFLX shares. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Cowen reiterated a “buy” rating on shares of Netflix in a report on Tuesday, October 7th. Piper Sandler increased their price objective on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Loop Capital upgraded Netflix from a “hold” rating to a “buy” rating and increased their price objective for the company from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $1,500.00 price objective on shares of Netflix in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $1,339.81.

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.