First Nebraska Trust Co Invests $1.06 Million in Netflix, Inc. $NFLX

First Nebraska Trust Co acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) in the first quarter, HoldingsChannel reports. The firm acquired 11,000 shares of the Internet television network’s stock, valued at approximately $1,058,000.

Several other institutional investors and hedge funds have also modified their holdings of NFLX. Checchi Capital Advisers LLC increased its position in shares of Netflix by 875.7% in the fourth quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network’s stock worth $2,920,000 after acquiring an additional 27,951 shares in the last quarter. BNC Wealth Management LLC lifted its holdings in shares of Netflix by 991.3% during the 4th quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network’s stock valued at $3,866,000 after acquiring an additional 37,451 shares in the last quarter. Family Capital Trust Co lifted its holdings in shares of Netflix by 20,869.5% during the 4th quarter. Family Capital Trust Co now owns 27,470 shares of the Internet television network’s stock valued at $2,576,000 after acquiring an additional 27,339 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Netflix by 912.5% during the 4th quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock valued at $36,567,805,000 after acquiring an additional 351,493,659 shares in the last quarter. Finally, BLB&B Advisors LLC boosted its position in Netflix by 617.4% during the 4th quarter. BLB&B Advisors LLC now owns 60,635 shares of the Internet television network’s stock worth $5,685,000 after purchasing an additional 52,183 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, Director Reed Hastings sold 386,700 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $85.97, for a total transaction of $33,244,599.00. Following the completion of the sale, the director owned 3,940 shares in the company, valued at $338,721.80. This trade represents a 98.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bradford L. Smith sold 35,990 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $77.52, for a total value of $2,789,944.80. Following the sale, the director owned 79,690 shares of the company’s stock, valued at approximately $6,177,568.80. This trade represents a 31.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 492,289 shares of company stock valued at $42,186,530. Company insiders own 1.24% of the company’s stock.

Netflix Stock Performance

Netflix stock 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 company has a market capitalization of $298.60 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 0.90 and a beta of 1.52. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s fifty day moving average price is $76.66 and its 200 day moving average price is $85.41.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 EPS. On average, research analysts forecast that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on NFLX shares. Erste Group Bank downgraded Netflix from a “buy” rating to a “hold” rating in a report on Monday, April 27th. TD Cowen reduced their price objective on Netflix from $112.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, July 17th. Robert W. Baird set a $90.00 target price on Netflix and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. New Street Research increased their target price on Netflix from $96.00 to $102.00 in a research note on Friday, April 17th. Finally, CLSA assumed coverage on Netflix in a report on Monday, July 20th. They set an “outperform” rating on the stock. 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 issued a Sell rating to the stock. According to MarketBeat, the stock presently 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

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.