Netflix, Inc. $NFLX Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 17.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,362 shares of the Internet television network’s stock after selling 28,172 shares during the quarter. Netflix makes up about 0.8% of Teacher Retirement System of Texas’ portfolio, making the stock its 15th biggest holding. Teacher Retirement System of Texas’ holdings in Netflix were worth $183,946,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Convergence Investment Partners LLC boosted its position in shares of Netflix by 551.8% during the 2nd quarter. Convergence Investment Partners LLC now owns 3,611 shares of the Internet television network’s stock valued at $4,836,000 after acquiring an additional 3,057 shares during the last quarter. Oak Grove Capital LLC boosted its position in shares of Netflix by 198.1% during the 2nd quarter. Oak Grove Capital LLC now owns 15,650 shares of the Internet television network’s stock valued at $20,957,000 after acquiring an additional 10,400 shares during the last quarter. Brookwood Investment Group LLC boosted its position in shares of Netflix by 21.2% during the 2nd quarter. Brookwood Investment Group LLC now owns 4,498 shares of the Internet television network’s stock valued at $6,023,000 after acquiring an additional 788 shares during the last quarter. Yukon Wealth Management Inc. boosted its position in shares of Netflix by 0.8% during the 2nd quarter. Yukon Wealth Management Inc. now owns 2,036 shares of the Internet television network’s stock valued at $2,726,000 after acquiring an additional 16 shares during the last quarter. Finally, GoalVest Advisory LLC boosted its position in shares of Netflix by 900.0% during the 2nd quarter. GoalVest Advisory LLC now owns 40 shares of the Internet television network’s stock valued at $54,000 after acquiring an additional 36 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NFLX shares. Wall Street Zen cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Pivotal Research reissued a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and upped their target price for the company from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Rosenblatt Securities upped their target price on shares of Netflix from $1,515.00 to $1,530.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Netflix in a research report on Saturday. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,352.78.

Insider Buying and Selling at Netflix

In other news, Director Reed Hastings sold 42,176 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the sale, the director owned 394 shares of the company’s stock, valued at approximately $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction 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. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,100 shares of company stock valued at $122,710,980. Corporate insiders own 1.37% of the company’s stock.

Netflix Stock Down 1.7%

Shares of NFLX opened at $1,094.69 on Monday. The stock has a market capitalization of $463.85 billion, a PE ratio of 45.73, a P/E/G ratio of 1.89 and a beta of 1.59. Netflix, Inc. has a 1 year low of $747.77 and a 1 year high of $1,341.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The company’s 50-day simple moving average is $1,207.21 and its 200-day simple moving average is $1,189.16.

Netflix (NASDAQ:NFLX) last issued 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). The business had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company posted $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Analysts forecast that Netflix, Inc. will post 24.58 earnings per share 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.