Huntington National Bank Grows Holdings in Netflix, Inc. $NFLX

Huntington National Bank increased its position in Netflix, Inc. (NASDAQ:NFLX) by 908.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,933,900 shares of the Internet television network’s stock after acquiring an additional 1,742,071 shares during the quarter. Netflix comprises approximately 1.1% of Huntington National Bank’s holdings, making the stock its 19th biggest position. Huntington National Bank’s holdings in Netflix were worth $181,322,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Vanguard Group Inc. boosted its stake in Netflix by 912.5% in 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 purchasing an additional 351,493,659 shares during the period. Geode Capital Management LLC boosted its stake in Netflix by 892.0% in the 4th quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock worth $9,305,336,000 after purchasing an additional 89,558,684 shares during the period. Baillie Gifford & Co. boosted its stake in Netflix by 912.3% in 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 period. Jennison Associates LLC boosted its stake in Netflix by 639.9% in 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 period. Finally, Legal & General Group Plc boosted its stake in Netflix by 916.1% in the 4th quarter. Legal & General Group Plc now owns 26,522,252 shares of the Internet television network’s stock worth $2,486,726,000 after purchasing an additional 23,912,151 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

NFLX stock opened at $87.35 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The business’s fifty day simple moving average is $93.45 and its two-hundred day simple moving average is $93.59. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12. The firm has a market cap of $367.81 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 1.11 and a beta of 1.55.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.47. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The business had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. During the same quarter last year, the firm posted $6.61 earnings per share. The business’s revenue was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Analysts predict that Netflix, Inc. will post 3.6 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating on shares of Netflix in a research report on Friday, April 17th. New Street Research increased their target price on Netflix from $96.00 to $102.00 in a research report on Friday, April 17th. Pivotal Research set a $96.00 target price on Netflix and gave the company a “hold” rating in a research report on Friday, April 17th. Moffett Nathanson increased their target price on Netflix from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Finally, Seaport Research Partners increased their target price on Netflix from $115.00 to $119.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $114.82.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 57,260 shares of Netflix stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $95.50, for a total value of $5,468,330.00. Following the transaction, the chief financial officer owned 73,787 shares in the company, valued at $7,046,658.50. The trade was a 43.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 5,722 shares of Netflix stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $88.08, for a total value of $503,993.76. Following the completion of the transaction, the insider owned 316,100 shares in the company, valued at $27,842,088. This trade represents a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 1,422,769 shares of company stock valued at $135,144,073. Company insiders own 1.24% of the company’s stock.

Netflix Company Profile

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.