Stock Yards Bank & Trust Co. Sells 105 Shares of Netflix, Inc. $NFLX

Stock Yards Bank & Trust Co. reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 2,402 shares of the Internet television network’s stock after selling 105 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Netflix were worth $3,217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC raised its position in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after buying an additional 13 shares during the last quarter. Maseco LLP purchased a new stake in Netflix in the 2nd quarter valued at $39,000. Ransom Advisory Ltd purchased a new stake in Netflix in the 2nd quarter valued at $47,000. Flaharty Asset Management LLC purchased a new stake in shares of Netflix during the 1st quarter valued at $37,000. Finally, Signature Resources Capital Management LLC increased its position in shares of Netflix by 740.0% during the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock valued at $56,000 after purchasing an additional 37 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NFLX has been the subject of several research analyst reports. Robert W. Baird raised their target price on Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $1,500.00 target price on shares of Netflix in a research report on Wednesday, September 10th. KeyCorp raised their target price on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Wedbush reaffirmed an “outperform” rating and set a $1,500.00 target price (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Finally, Barclays reaffirmed a “sell” rating and set a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,335.00.

Netflix Stock Down 0.8%

Shares of NASDAQ NFLX opened at $1,153.32 on Friday. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The business has a 50-day simple moving average of $1,207.36 and a two-hundred day simple moving average of $1,158.96. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market cap of $490.08 billion, a P/E ratio of 49.14, a P/E/G ratio of 1.96 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the company earned $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. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

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.