Independence Bank of Kentucky Boosts Stock Position in Netflix, Inc. $NFLX

Independence Bank of Kentucky raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 47.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,081 shares of the Internet television network’s stock after purchasing an additional 28,482 shares during the quarter. Netflix accounts for 0.7% of Independence Bank of Kentucky’s investment portfolio, making the stock its 29th largest position. Independence Bank of Kentucky’s holdings in Netflix were worth $6,289,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NFLX. Requisite Capital Management LLC purchased a new position in Netflix in the second quarter valued at about $203,000. Vanguard Capital Wealth Advisors raised its holdings in shares of Netflix by 56.9% in the 2nd quarter. Vanguard Capital Wealth Advisors now owns 14,150 shares of the Internet television network’s stock worth $1,010,000 after purchasing an additional 5,130 shares during the period. Keeler Thomas Management LLC raised its holdings in shares of Netflix by 10.6% in the 2nd quarter. Keeler Thomas Management LLC now owns 44,918 shares of the Internet television network’s stock worth $3,207,000 after purchasing an additional 4,288 shares during the period. Triumph Capital Management lifted its stake in Netflix by 21.7% in the second quarter. Triumph Capital Management now owns 4,833 shares of the Internet television network’s stock valued at $345,000 after purchasing an additional 861 shares during the last quarter. Finally, Solstein Capital LLC lifted its stake in Netflix by 51.8% in the second quarter. Solstein Capital LLC now owns 7,330 shares of the Internet television network’s stock valued at $523,000 after purchasing an additional 2,500 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, Director Richard N. Barton sold 2,160 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $75.10, for a total value of $162,216.00. Following the completion of the transaction, the director owned 246 shares in the company, valued at $18,474.60. This trade represents a 89.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore A. Sarandos sold 27,312 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total value of $2,003,335.20. Following the sale, the chief executive officer owned 178,954 shares in the company, valued at approximately $13,126,275.90. This represents a 13.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 213,595 shares of company stock worth $15,812,072 in the last three months. 1.24% of the stock is currently owned by corporate insiders.

Netflix Stock Down 0.3%

Netflix stock opened at $80.81 on Wednesday. The firm has a 50 day simple moving average of $74.97 and a 200 day simple moving average of $84.35. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a 1-year low of $65.08 and a 1-year high of $126.71. The firm has a market capitalization of $336.49 billion, a price-to-earnings ratio of 25.44, a P/E/G ratio of 1.02 and a beta of 1.53.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. China Renaissance decreased their target price on Netflix from $100.00 to $80.00 and set a “hold” rating for the company in a research report on Friday, July 17th. Jefferies Financial Group dropped their price target on Netflix from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, July 17th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Netflix in a research note on Thursday, August 20th. Moffett Nathanson decreased their price objective on Netflix from $115.00 to $100.00 and set a “buy” rating for the company in a report on Friday, July 17th. Finally, China Intl Cap raised Netflix to a “strong-buy” rating in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.65.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix’s expanding advertising business and large buyback program are cited as reasons the stock may offer an attractive entry point after its decline. Supporters argue that double-digit revenue growth has not been fully reflected in the valuation. Netflix Is Down 46% From Its High
• Positive Sentiment: Analyst sentiment remains favorable overall, with Netflix receiving an average “Moderate Buy” rating. Jim Cramer also described NFLX as a buy, though not an especially aggressive one. Netflix Receives Moderate Buy Rating
• Positive Sentiment: A multi-year EverPass agreement will distribute Netflix’s five NFL games for the 2026 season to commercial establishments, potentially broadening live-event reach and advertising opportunities. EverPass Media Expands NFL Offering
• Positive Sentiment: An exclusive preview of Grand Theft Auto VI generated 31.1 million views and topped Netflix’s global viewing charts, highlighting the platform’s ability to attract engagement around major gaming content. GTA VI Gameplay Peek Tops Netflix Charts
• Neutral Sentiment: Netflix’s gaming initiative is gaining visibility through GTA-related engagement and increased player activity, but analysts say the business is still too small or opaque to quantify as a meaningful revenue pillar. Can Gaming Become the Next Revenue Pillar?
• Neutral Sentiment: September’s lineup includes returning and new high-profile programming, which could support engagement and retention, while broader streaming price increases may affect consumer behavior. What to Stream in September 2026
• Negative Sentiment: Investor concerns persist over leadership changes and prior strategic missteps, including a failed buyout attempt and Reed Hastings’ departure. These issues explain why even bullish commentary remains cautious. Jim Cramer Calls Netflix a Buy, Not a Huge Buy

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.