Highland Capital Management LLC Has $9.11 Million Position in Netflix, Inc. $NFLX

Highland Capital Management LLC reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 6,804 shares of the Internet television network’s stock after selling 157 shares during the period. Highland Capital Management LLC’s holdings in Netflix were worth $9,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Resurgent Financial Advisors LLC boosted its holdings in shares of Netflix by 234.4% during the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock worth $942,000 after acquiring an additional 708 shares during the period. MRA Advisory Group boosted its holdings in shares of Netflix by 28.4% during the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock worth $1,231,000 after acquiring an additional 203 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Netflix by 42.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock worth $412,059,000 after acquiring an additional 130,946 shares during the period. Sava Infond d.o.o. increased its position in Netflix by 25.1% during the second quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock worth $2,002,000 after acquiring an additional 300 shares during the period. Finally, McGlone Suttner Wealth Management Inc. increased its position in Netflix by 1.4% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock worth $1,324,000 after acquiring an additional 14 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX opened at $1,153.32 on Friday. The company has a market capitalization of $490.08 billion, a price-to-earnings ratio of 49.14, a PEG ratio of 1.94 and a beta of 1.59. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The stock has a fifty day simple moving average of $1,207.36 and a 200 day simple moving average of $1,160.35. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NFLX. UBS Group reaffirmed a “market underperform” rating on shares of Netflix in a research report on Saturday, July 19th. Wells Fargo & Company boosted their price target on Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Wall Street Zen cut Netflix from a “buy” rating to a “hold” rating in a research note on Saturday. 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. Finally, Citigroup reiterated a “neutral” rating and issued a $1,295.00 price target (up from $1,280.00) on shares of Netflix in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,335.00.

Insiders Place Their Bets

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Reed Hastings sold 42,176 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director owned 394 shares of the company’s stock, valued at $461,736.48. The trade was a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 over the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

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.