Coastline Trust Co Has $12.17 Million Stock Holdings in Netflix, Inc. $NFLX

Coastline Trust Co increased its position in Netflix, Inc. (NASDAQ:NFLXFree Report) by 897.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,772 shares of the Internet television network’s stock after purchasing an additional 116,763 shares during the quarter. Netflix makes up 1.1% of Coastline Trust Co’s portfolio, making the stock its 22nd biggest position. Coastline Trust Co’s holdings in Netflix were worth $12,167,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Norges Bank bought a new stake in shares of Netflix during the second quarter worth approximately $7,929,645,000. Laurel Wealth Advisors LLC lifted its stake in Netflix by 128,553.9% in the second quarter. Laurel Wealth Advisors LLC now owns 4,881,129 shares of the Internet television network’s stock valued at $6,536,466,000 after buying an additional 4,877,335 shares during the period. Union Bancaire Privee UBP SA lifted its stake in Netflix by 1,672.4% in the fourth quarter. Union Bancaire Privee UBP SA now owns 943,533 shares of the Internet television network’s stock valued at $86,741,000 after buying an additional 890,299 shares during the period. Viking Global Investors LP bought a new position in Netflix during the third quarter worth about $600,434,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Netflix by 34.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,420,267 shares of the Internet television network’s stock worth $1,702,838,000 after buying an additional 367,243 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 5,727 shares of Netflix stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $81.06, for a total transaction of $464,230.62. Following the completion of the transaction, the insider owned 316,100 shares in the company, valued at approximately $25,623,066. This trade represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 28,630 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $97.00, for a total value of $2,777,110.00. Following the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $7,157,339. This trade represents a 27.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,520,133 shares of company stock worth $137,259,786 in the last three months. Insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Weiss Ratings cut shares of Netflix from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 22nd. Sanford C. Bernstein restated a “buy” rating on shares of Netflix in a report on Wednesday, February 18th. Robert W. Baird cut their price target on shares of Netflix from $150.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, January 23rd. Wells Fargo & Company began coverage on shares of Netflix in a research report on Monday, March 9th. They set an “equal weight” rating and a $105.00 price objective for the company. Finally, Citigroup assumed coverage on shares of Netflix in a report on Wednesday. They set a “buy” rating and a $115.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $114.35.

Check Out Our Latest Analysis on NFLX

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

Netflix Trading Down 3.1%

Netflix stock opened at $91.75 on Friday. Netflix, Inc. has a one year low of $75.01 and a one year high of $134.12. The company has a market cap of $387.38 billion, a price-to-earnings ratio of 36.31, a P/E/G ratio of 1.45 and a beta of 1.68. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a 50-day moving average of $86.82 and a 200-day moving average of $101.89.

Netflix (NASDAQ:NFLXGet Free Report) last issued its quarterly earnings results on Tuesday, January 20th. The Internet television network reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The firm had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $11.97 billion. During the same period in the prior year, the firm posted $0.43 earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. On average, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Netflix Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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