Trust Co. of Toledo NA OH Increases Position in Netflix, Inc. $NFLX

Trust Co. of Toledo NA OH boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 12.7% during the 2nd quarter, Holdings Channel reports. The firm owned 2,949 shares of the Internet television network’s stock after acquiring an additional 332 shares during the period. Trust Co. of Toledo NA OH’s holdings in Netflix were worth $3,949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Nuveen LLC purchased a new position in Netflix in the first quarter valued at about $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its stake in Netflix by 343,058.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock valued at $3,299,450,000 after purchasing an additional 2,463,158 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after purchasing an additional 1,236,251 shares during the last quarter. Amundi lifted its stake in Netflix by 37.7% in the first quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock valued at $1,898,496,000 after purchasing an additional 567,251 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after buying an additional 509,255 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NFLX. TD Cowen dropped their price target on Netflix from $1,450.00 to $1,425.00 and set a “buy” rating on the stock in a research report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Netflix in a report on Wednesday. Cowen restated a “buy” rating on shares of Netflix in a research note on Tuesday. KeyCorp increased their target price on Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Finally, Rosenblatt Securities increased their target price on Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a research report 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 assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,337.63.

Insider Activity

In other news, insider Cletus R. Willems sold 238 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares in the company, 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. In the last 90 days, insiders have sold 104,100 shares of company stock worth $122,710,980. Corporate insiders own 1.37% of the company’s stock.

Netflix Trading Down 0.9%

Shares of NFLX stock opened at $1,220.08 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The company has a market capitalization of $518.45 billion, a PE ratio of 51.98, a price-to-earnings-growth ratio of 2.07 and a beta of 1.59. The business’s fifty day moving average is $1,210.84 and its 200 day moving average is $1,167.10.

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