Mcdaniel Terry & Co. Sells 10 Shares of Netflix, Inc. $NFLX

Mcdaniel Terry & Co. lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% during the second quarter, Holdings Channel.com reports. The firm owned 1,000 shares of the Internet television network’s stock after selling 10 shares during the quarter. Mcdaniel Terry & Co.’s holdings in Netflix were worth $1,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Nuveen LLC bought a new position in Netflix during the 1st quarter worth $2,385,585,000. Kingstone Capital Partners Texas LLC boosted its position in shares of Netflix by 343,058.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock valued at $3,299,450,000 after acquiring an additional 2,463,158 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after acquiring an additional 1,236,251 shares in the last quarter. Amundi grew its stake in shares of Netflix by 37.7% in the first quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock valued at $1,898,496,000 after acquiring an additional 567,251 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after acquiring an additional 509,255 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Barclays reissued a “sell” rating and issued a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. The Goldman Sachs Group cut their price target on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Needham & Company LLC restated a “buy” rating and set a $1,500.00 price objective on shares of Netflix in a research note on Wednesday. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and lifted their price objective for the company from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. reduced their target price on Netflix from $1,300.00 to $1,275.00 and set a “neutral” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,352.78.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,327,734.41. The trade was a 41.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the sale, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock worth $122,710,980 over the last 90 days. 1.37% of the stock is currently owned by company insiders.

Netflix Trading Down 1.7%

Shares of NFLX opened at $1,094.69 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.34 and a current ratio of 1.33. Netflix, Inc. has a 52-week low of $747.77 and a 52-week high of $1,341.15. The firm has a market cap of $463.85 billion, a price-to-earnings ratio of 45.73, a PEG ratio of 1.92 and a beta of 1.59. The business’s fifty day moving average is $1,207.21 and its 200-day moving average is $1,185.28.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The business had revenue of $11.51 billion during the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The business’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.