First Nebraska Trust Co Purchases New Stake in Netflix, Inc. $NFLX

First Nebraska Trust Co acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,000 shares of the Internet television network’s stock, valued at approximately $1,058,000.

Other large investors have also recently bought and sold shares of the company. Foguth Wealth Management LLC. lifted its holdings in Netflix by 90.0% in the first quarter. Foguth Wealth Management LLC. now owns 4,862 shares of the Internet television network’s stock valued at $467,000 after acquiring an additional 2,303 shares during the period. Integrated Investment Consultants LLC boosted its position in shares of Netflix by 19.5% during the 1st quarter. Integrated Investment Consultants LLC now owns 6,482 shares of the Internet television network’s stock worth $623,000 after purchasing an additional 1,057 shares in the last quarter. Krane Financial Solutions LLC acquired a new position in shares of Netflix during the 1st quarter worth $283,000. Cozad Asset Management Inc. grew its stake in shares of Netflix by 22.3% during the 1st quarter. Cozad Asset Management Inc. now owns 14,697 shares of the Internet television network’s stock worth $1,413,000 after purchasing an additional 2,676 shares during the period. Finally, Maripau Wealth Management LLC increased its holdings in shares of Netflix by 17.8% in the 1st quarter. Maripau Wealth Management LLC now owns 4,525 shares of the Internet television network’s stock valued at $435,000 after purchasing an additional 684 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wolfe Research reiterated an “outperform” rating and issued a $107.00 price objective on shares of Netflix in a research note on Friday, April 17th. Erste Group Bank lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Moffett Nathanson dropped their target price on shares of Netflix from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. Citic Securities lifted their price target on shares of Netflix from $95.00 to $107.00 and gave the company a “hold” rating in a research report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft set a $110.00 price target on Netflix in a research note on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $103.48.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix agreed to a five-year, approximately $500 million licensing deal covering all 371 episodes of The Walking Dead universe in international markets. The agreement strengthens Netflix’s global content lineup and adds a recognizable franchise beginning in 2027. Los Angeles Times article
• Positive Sentiment: Walmart-owned Flipkart is offering qualifying loyalty members a monthly Netflix mobile subscription after four orders in a month. The partnership could support customer acquisition and engagement in India, although the direct financial impact appears limited. Reuters article

Insider Transactions at Netflix

In other Netflix news, Director Bradford L. Smith sold 35,990 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the sale, the director owned 79,690 shares in the company, valued at approximately $6,177,568.80. This represents a 31.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Reed Hastings sold 386,700 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 3,940 shares of the company’s stock, valued at $338,721.80. The trade was a 98.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 492,289 shares of company stock worth $42,186,530 in the last quarter. Insiders own 1.24% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $71.71 on Friday. Netflix, Inc. has a 12-month low of $65.08 and a 12-month high of $126.71. The stock has a market cap of $298.60 billion, a P/E ratio of 22.57, a PEG ratio of 0.90 and a beta of 1.52. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $76.66 and a two-hundred day moving average of $85.41.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $12.58 billion. During the same period in the prior year, the business earned $0.72 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, research analysts predict that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

About Netflix

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.