Netflix, Inc. $NFLX Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 11.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,937 shares of the Internet television network’s stock after selling 11,318 shares during the period. Fulton Bank N.A.’s holdings in Netflix were worth $6,493,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NFLX. Vanguard Group Inc. boosted its stake in Netflix by 912.5% during the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock valued at $36,567,805,000 after buying an additional 351,493,659 shares in the last quarter. State Street Corp lifted its holdings in Netflix by 927.6% in the 4th quarter. State Street Corp now owns 176,780,995 shares of the Internet television network’s stock valued at $16,574,986,000 after acquiring an additional 159,578,053 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Netflix by 892.0% in the 4th quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock valued at $9,305,336,000 after acquiring an additional 89,558,684 shares during the last quarter. Capital World Investors boosted its position in shares of Netflix by 859.1% during the 4th quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network’s stock valued at $8,376,656,000 after purchasing an additional 80,025,890 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Netflix by 903.0% in the 4th quarter. Morgan Stanley now owns 85,349,973 shares of the Internet television network’s stock worth $8,002,414,000 after purchasing an additional 76,840,318 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix said its U.S. advertising commitments for 2026 nearly doubled from the prior year during its Upfront negotiations. The announcement suggests growing advertiser demand and supports expectations that the company’s ad-supported business can become a more meaningful revenue and profit contributor. Netflix Wraps Upfront, Volume Nearly Doubled
• Positive Sentiment: Several market commentators highlighted potential upside after Netflix’s steep pullback. One analysis pointed to possible earnings catalysts and continued purchasing, while another said analysts see substantial appreciation potential based on buy ratings and price targets well above current levels. Netflix Is Down 42% From Its High Down but Not Out: Analysts See 40% Upside in Netflix
• Positive Sentiment: Netflix was also selected as a “Final Trade” on CNBC’s Halftime Report, adding to near-term positive investor attention. CNBC Final Trades
• Neutral Sentiment: Commentary remains divided over Netflix’s long-term dominance and its premium valuation relative to Disney. The debate centers on whether Netflix’s more predictable streaming growth and emerging advertising business justify the higher multiple. Is Netflix’s Long-Term Dominance Under Threat?
• Negative Sentiment: CFO Spencer Adam Neumann sold 9,248 shares for approximately $701,000, reducing his holdings by 11.14%. While insider sales do not necessarily indicate a change in business outlook, the transaction may weigh modestly on sentiment. Netflix SEC Form 4 Filing

Netflix Trading Up 2.9%

Shares of NASDAQ:NFLX opened at $76.29 on Tuesday. The firm has a fifty day moving average of $75.13 and a two-hundred day moving average of $84.78. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a 12-month low of $65.08 and a 12-month high of $126.71. The firm has a market capitalization of $317.67 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The business had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. During the same period in the prior year, the business posted $0.72 earnings per share. Netflix’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities analysts expect that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, CEO Theodore A. Sarandos sold 105,850 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $73.03, for a total value of $7,730,225.50. Following the transaction, the chief executive officer directly owned 206,266 shares of the company’s stock, valued at $15,063,605.98. This represents a 33.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Reed Hastings sold 386,700 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $85.97, for a total value of $33,244,599.00. Following the sale, the director directly owned 3,940 shares of the company’s stock, valued at $338,721.80. This trade represents a 98.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 600,295 shares of company stock worth $49,056,671. Insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citic Securities increased their target price on shares of Netflix from $95.00 to $107.00 and gave the company a “hold” rating in a research note on Monday, April 27th. Wolfe Research restated an “outperform” rating and issued a $107.00 price target on shares of Netflix in a research report on Friday, April 17th. Robert W. Baird set a $90.00 price target on Netflix and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Stephens assumed coverage on Netflix in a research note on Friday, July 17th. They set an “overweight” rating for the company. Finally, Pivotal Research cut their target price on Netflix from $96.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, July 17th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $103.48.

Netflix Company Profile

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.