Riverview Trust Co Sells 294 Shares of Netflix, Inc. $NFLX

Riverview Trust Co trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 83.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60 shares of the Internet television network’s stock after selling 294 shares during the period. Riverview Trust Co’s holdings in Netflix were worth $80,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NFLX. Optima Capital LLC boosted its holdings in Netflix by 3.5% during the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock worth $320,000 after buying an additional 8 shares during the last quarter. Unified Investment Management increased its position in shares of Netflix by 1.7% during the second quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock worth $635,000 after acquiring an additional 8 shares in the last quarter. Plancorp LLC increased its holdings in Netflix by 0.6% during the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock worth $1,711,000 after purchasing an additional 8 shares in the last quarter. Five Oceans Advisors boosted its position in Netflix by 1.1% during the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock worth $1,006,000 after acquiring an additional 8 shares during the last quarter. Finally, Old Port Advisors grew its position in Netflix by 1.3% in the second quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock valued at $836,000 after purchasing an additional 8 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 2.3%

Shares of NFLX stock opened at $1,170.90 on Thursday. 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 fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The company has a market cap of $497.55 billion, a PE ratio of 49.89, a P/E/G ratio of 2.02 and a beta of 1.59. The stock’s fifty day moving average price is $1,208.27 and its two-hundred day moving average price is $1,155.95.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NFLX. Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a research note on Thursday, September 11th. Wedbush reaffirmed an “outperform” rating and issued a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Zacks Research lowered Netflix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Robert W. Baird increased their price target on Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, Wall Street Zen raised Netflix from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $1,334.03.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction on 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 directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos 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 $1,160.62, for a total value of $2,351,416.12. Following the sale, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 59,324 shares of company stock worth $70,235,556 over the last 90 days. 1.37% of the stock is owned by corporate insiders.

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.