Netflix, Inc. $NFLX Position Reduced by Country Club Bank

Country Club Bank lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,625 shares of the Internet television network’s stock after selling 296 shares during the period. Country Club Bank’s holdings in Netflix were worth $4,796,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC increased its holdings in Netflix by 100.0% in the first 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. Flaharty Asset Management LLC acquired a new position in shares of Netflix in the 1st quarter worth approximately $37,000. Maseco LLP bought a new stake in shares of Netflix in the 2nd quarter valued at approximately $39,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix during the 1st quarter valued at approximately $42,000. Finally, 1248 Management LLC bought a new position in Netflix during the first quarter worth $43,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $1,163.31 on Tuesday. The company has a 50-day moving average price of $1,207.13 and a two-hundred day moving average price of $1,163.23. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The stock has a market cap of $494.33 billion, a price-to-earnings ratio of 49.57, a price-to-earnings-growth ratio of 1.94 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 (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on NFLX shares. Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and boosted their target price for the company from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Netflix in a report on Saturday, September 27th. JPMorgan Chase & Co. boosted their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Zacks Research cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Finally, Pivotal Research restated a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,335.00.

Insider Buying and Selling at Netflix

In other news, insider Cletus R. Willems sold 238 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Reed Hastings sold 42,176 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the transaction, the director owned 394 shares in the company, valued at $461,736.48. This represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by insiders.

Netflix 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.