Heartland Bank & Trust Co Has $1.43 Million Stock Holdings in Netflix, Inc. $NFLX

Heartland Bank & Trust Co increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 869.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 15,212 shares of the Internet television network’s stock after acquiring an additional 13,643 shares during the quarter. Heartland Bank & Trust Co’s holdings in Netflix were worth $1,426,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in NFLX. Vanguard Group Inc. boosted its position in Netflix by 912.5% during the 4th quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock worth $36,567,805,000 after buying an additional 351,493,659 shares during the period. Baillie Gifford & Co. raised its holdings in Netflix by 912.3% during the 4th quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network’s stock worth $3,463,498,000 after purchasing an additional 33,290,988 shares during the last quarter. Jennison Associates LLC raised its holdings in Netflix by 639.9% during the 4th quarter. Jennison Associates LLC now owns 34,871,951 shares of the Internet television network’s stock worth $3,269,594,000 after purchasing an additional 30,158,900 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Netflix by 891.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,099,908 shares of the Internet television network’s stock worth $1,134,487,000 after purchasing an additional 10,879,276 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Netflix by 850.7% during the 4th quarter. Principal Financial Group Inc. now owns 10,858,157 shares of the Internet television network’s stock worth $1,018,062,000 after purchasing an additional 9,716,017 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NFLX shares. Sanford C. Bernstein lowered their price target on shares of Netflix from $115.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Citigroup started coverage on shares of Netflix in a report on Thursday, April 16th. They set a “market perform” rating for the company. Morgan Stanley restated an “overweight” rating on shares of Netflix in a report on Friday, April 17th. China Renaissance raised their price target on shares of Netflix from $90.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, April 17th. Finally, Oppenheimer set a $120.00 price target on shares of Netflix and gave the stock an “outperform” rating in a report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $114.82.

Insider Buying and Selling

In related news, insider David A. Hyman sold 5,727 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $81.06, for a total value of $464,230.62. Following the transaction, the insider directly owned 316,100 shares of the company’s stock, valued at approximately $25,623,066. The trade was a 1.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 27,312 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $83.24, for a total transaction of $2,273,450.88. Following the completion of the transaction, the chief executive officer directly owned 122,140 shares in the company, valued at $10,166,933.60. This trade represents a 18.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,398,593 shares of company stock worth $132,740,606 in the last ninety days. Corporate insiders own 1.37% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $91.05 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $383.38 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 1.18 and a beta of 1.55. The firm has a fifty day simple moving average of $94.81 and a two-hundred day simple moving average of $96.77. Netflix, Inc. has a 12 month low of $75.01 and a 12 month high of $134.12.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.47. The firm had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Analysts forecast that Netflix, Inc. will post 3.56 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.