Netflix, Inc. (NASDAQ:NFLX) Stake Lifted by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 25.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 904 shares of the Internet television network’s stock after buying an additional 182 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Netflix were worth $610,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NFLX. Valued Wealth Advisors LLC grew its stake in shares of Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares in the last quarter. Proffitt & Goodson Inc. grew its stake in shares of Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares in the last quarter. AlphaMark Advisors LLC grew its stake in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares in the last quarter. Indiana Trust & Investment Management CO grew its stake in shares of Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares in the last quarter. Finally, Triad Wealth Partners LLC bought a new position in shares of Netflix in the second quarter worth $38,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $692.48 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $658.77 and its two-hundred day moving average is $628.84. The company has a market cap of $298.46 billion, a P/E ratio of 48.06, a P/E/G ratio of 1.28 and a beta of 1.27. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $711.33.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping the consensus estimate of $4.74 by $0.14. The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.29 EPS. On average, equities analysts expect that Netflix, Inc. will post 19.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Loop Capital upped their price objective on Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Sanford C. Bernstein upped their price objective on Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a report on Friday, July 19th. Wedbush restated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a report on Monday, May 20th. Pivotal Research upped their target price on Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday. Finally, Rosenblatt Securities upped their target price on Netflix from $554.00 to $635.00 and gave the company a “neutral” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $685.45.

Insider Transactions at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total value of $785,254.32. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,043,019.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,700 shares of company stock valued at $98,283,982. 1.76% 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.