Netflix, Inc. $NFLX Shares Sold by First Financial Bankshares Inc

First Financial Bankshares Inc decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 2.2% during the 1st quarter, Holdings Channel reports. The fund owned 540 shares of the Internet television network’s stock after selling 12 shares during the quarter. First Financial Bankshares Inc’s holdings in Netflix were worth $504,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC raised its holdings in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in Netflix during the fourth quarter worth approximately $27,000. Copia Wealth Management acquired a new stake in Netflix during the fourth quarter worth approximately $37,000. Stuart Chaussee & Associates Inc. raised its holdings in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after purchasing an additional 45 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix during the first quarter worth approximately $42,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of research analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. JPMorgan Chase & Co. raised their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. Needham & Company LLC reissued a “buy” rating and set a $1,500.00 price objective on shares of Netflix in a report on Friday, July 18th. Seaport Res Ptn cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Netflix in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,297.66.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Reed Hastings sold 22,765 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.46, for a total transaction of $26,463,401.90. Following the transaction, the director owned 394 shares in the company, valued at approximately $458,009.24. The trade was a 98.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,629 shares of company stock worth $116,131,982 in the last 90 days. 1.37% of the stock is currently owned by corporate insiders.

Netflix Price Performance

Netflix stock opened at $1,208.25 on Monday. Netflix, Inc. has a 52 week low of $660.80 and a 52 week high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm’s 50-day simple moving average is $1,231.11 and its 200 day simple moving average is $1,118.55. The firm has a market capitalization of $513.42 billion, a PE ratio of 51.48, a P/E/G ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the firm earned $4.88 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix Company 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.