Cullen Frost Bankers Inc. Boosts Holdings in Netflix, Inc. $NFLX

Cullen Frost Bankers Inc. raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 35,288 shares of the Internet television network’s stock after acquiring an additional 1,445 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Netflix were worth $47,255,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Stephens Consulting LLC lifted its stake in shares of Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after buying an additional 15 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in shares of Netflix in the first quarter worth about $37,000. Maseco LLP purchased a new position in shares of Netflix in the second quarter worth about $39,000. LGT Financial Advisors LLC purchased a new position in shares of Netflix in the second quarter worth about $40,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Netflix in the first quarter worth about $42,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of NFLX opened at $1,241.35 on Wednesday. Netflix, Inc. has a 1-year low of $744.26 and a 1-year high of $1,341.15. The stock has a market cap of $527.49 billion, a PE ratio of 52.89, a P/E/G ratio of 2.08 and a beta of 1.59. The firm has a 50-day simple moving average of $1,214.20 and a two-hundred day simple moving average of $1,182.49. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. During the same quarter in the prior year, the business earned $5.40 earnings per share. Netflix’s revenue was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group reissued a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Netflix in a research note on Wednesday, October 8th. BMO Capital Markets restated an “outperform” rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Morgan Stanley set a $1,500.00 price objective on shares of Netflix in a research report on Monday, October 13th. Finally, Itau BBA Securities initiated coverage on shares of Netflix in a research report on Tuesday, October 7th. They set an “outperform” rating and a $1,514.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,339.81.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of Netflix 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 completion of the sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Reed Hastings sold 42,176 shares of Netflix 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by company insiders.

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.