Koesten Hirschmann & Crabtree INC. Has $665,000 Stock Holdings in Netflix, Inc. $NFLX

Koesten Hirschmann & Crabtree INC. raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 900.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,092 shares of the Internet television network’s stock after acquiring an additional 6,383 shares during the quarter. Netflix comprises approximately 0.3% of Koesten Hirschmann & Crabtree INC.’s holdings, making the stock its 19th largest position. Koesten Hirschmann & Crabtree INC.’s holdings in Netflix were worth $665,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. PSI Advisors LLC acquired a new stake in shares of Netflix in the fourth quarter worth $315,000. Unified Investment Management lifted its stake in shares of Netflix by 1,071.0% in the fourth quarter. Unified Investment Management now owns 5,410 shares of the Internet television network’s stock worth $507,000 after buying an additional 4,948 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc lifted its stake in shares of Netflix by 952.9% in the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 12,772 shares of the Internet television network’s stock worth $1,198,000 after buying an additional 11,559 shares during the last quarter. Community Bank & Trust Waco Texas lifted its stake in shares of Netflix by 900.0% in the fourth quarter. Community Bank & Trust Waco Texas now owns 4,500 shares of the Internet television network’s stock worth $422,000 after buying an additional 4,050 shares during the last quarter. Finally, Waystone Advisors LLC acquired a new stake in shares of Netflix in the fourth quarter worth $532,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NFLX shares. Seaport Research Partners boosted their price objective on shares of Netflix from $115.00 to $119.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Morgan Stanley restated an “overweight” rating on shares of Netflix in a research note on Friday, April 17th. JPMorgan Chase & Co. restated a “buy” rating on shares of Netflix in a research note on Wednesday, April 22nd. Wells Fargo & Company started coverage on shares of Netflix in a research note on Monday, March 9th. They issued an “equal weight” rating and a $105.00 price objective for the company. Finally, TD Cowen restated a “buy” rating on shares of Netflix in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $114.82.

Netflix Trading Down 0.4%

Shares of NFLX stock opened at $87.35 on Thursday. Netflix, Inc. has a 1 year low of $75.01 and a 1 year high of $134.12. The firm’s fifty day simple moving average is $93.45 and its 200 day simple moving average is $93.59. The firm has a market capitalization of $367.81 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 1.11 and a beta of 1.55. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.47. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The business had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. During the same quarter in the previous year, the firm posted $6.61 earnings per share. Netflix’s revenue was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 3.6 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 27,312 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total value of $2,402,636.64. Following the sale, the chief executive officer owned 284,804 shares of the company’s stock, valued at $25,054,207.88. The trade was a 8.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Reed Hastings sold 420,550 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $95.49, for a total transaction of $40,158,319.50. Following the completion of the sale, the director directly owned 3,940 shares in the company, valued at $376,230.60. This trade represents a 99.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,422,769 shares of company stock valued at $135,144,073 in the last three months. 1.24% of the stock is owned by insiders.

About Netflix

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.