Netflix, Inc. $NFLX Shares Purchased by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 18.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,839 shares of the Internet television network’s stock after buying an additional 1,401 shares during the quarter. Netflix makes up 1.9% of University of Texas Texas AM Investment Management Co.’s holdings, making the stock its 9th biggest position. University of Texas Texas AM Investment Management Co.’s holdings in Netflix were worth $11,837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Conservest Capital Advisors Inc. boosted its holdings in shares of Netflix by 6.7% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 239 shares of the Internet television network’s stock valued at $320,000 after buying an additional 15 shares during the last quarter. Strait & Sound Wealth Management LLC bought a new position in Netflix during the 2nd quarter worth $233,000. Whipplewood Advisors LLC increased its position in Netflix by 1.9% during the 2nd quarter. Whipplewood Advisors LLC now owns 525 shares of the Internet television network’s stock worth $703,000 after buying an additional 10 shares during the period. Interchange Capital Partners LLC increased its position in Netflix by 3.5% during the 2nd quarter. Interchange Capital Partners LLC now owns 1,108 shares of the Internet television network’s stock worth $1,484,000 after buying an additional 37 shares during the period. Finally, Brighton Jones LLC grew its holdings in shares of Netflix by 10.8% during the 2nd quarter. Brighton Jones LLC now owns 5,523 shares of the Internet television network’s stock worth $7,395,000 after purchasing an additional 538 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NFLX. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Canaccord Genuity Group reiterated a “buy” rating and issued a $1,525.00 target price on shares of Netflix in a research report on Wednesday. UBS Group set a $1,500.00 target price on Netflix in a research report on Wednesday. Loop Capital upgraded Netflix from a “hold” rating to a “buy” rating and raised their price objective for the stock from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Finally, Piper Sandler restated an “overweight” rating and set a $1,400.00 price objective (down from $1,500.00) on shares of Netflix in a research report on Wednesday. Two 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,352.78.

Netflix Trading Down 1.7%

NASDAQ NFLX opened at $1,094.69 on Friday. The business has a 50 day moving average price of $1,207.21 and a 200-day moving average price of $1,187.47. Netflix, Inc. has a 52 week low of $747.77 and a 52 week high of $1,341.15. The company has a market cap of $463.85 billion, a price-to-earnings ratio of 45.73, a P/E/G ratio of 1.89 and a beta of 1.59. The company has a quick ratio of 1.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.88 by ($1.01). Netflix had a return on equity of 41.86% and a net margin of 24.05%.The company had revenue of $11.51 billion for the quarter, compared to the consensus estimate of $11.52 billion. During the same quarter last year, the company posted $5.40 EPS. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, insider Cletus R. Willems sold 238 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director owned 394 shares of the company’s stock, valued at $461,736.48. This trade represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock valued at $122,710,980 in the last three months. Insiders own 1.37% of the company’s stock.

Netflix Profile

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.