D L Carlson Investment Group Inc. Sells 526 Shares of Netflix, Inc. $NFLX

Key Points

• D L Carlson Investment Group Inc. reduced its Netflix holdings by 8.7%, selling 526 shares and now holding 5,513 shares valued at approximately $5.14 million.
• Other institutional investors such as Vanguard Group and Price T Rowe Associates increased their positions in Netflix, with Vanguard growing its stake by 1.4% to hold nearly 38 million shares.
• Netflix's stock currently has a consensus rating of "Moderate Buy" with a consensus price target of $1,297.66, influenced by recent earnings that exceeded estimates.

D L Carlson Investment Group Inc. lessened its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,513 shares of the Internet television network's stock after selling 526 shares during the period. Netflix comprises 1.0% of D L Carlson Investment Group Inc.'s holdings, making the stock its 25th biggest holding. D L Carlson Investment Group Inc.'s holdings in Netflix were worth $5,141,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after acquiring an additional 509,255 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Netflix by 2.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock worth $10,940,505,000 after purchasing an additional 304,399 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Netflix by 8.3% during the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock worth $4,350,083,000 after purchasing an additional 356,617 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Netflix by 3.5% during the first quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network's stock worth $4,089,765,000 after purchasing an additional 148,675 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Insiders Place Their Bets

In other Netflix news, Director Reed Hastings sold 26,933 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $1,211.66, for a total value of $32,633,638.78. Following the transaction, the director directly owned 394 shares of the company's stock, valued at approximately $477,394.04. The trade was a 98.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the transaction, the director directly owned 63,040 shares in the company, valued at approximately $78,948,144. This trade represents a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 145,667 shares of company stock valued at $178,679,156 in the last ninety days. 1.37% of the stock is owned by corporate insiders.

Netflix Price Performance

Netflix stock opened at $1,226.09 on Wednesday. The stock's 50 day moving average is $1,231.37 and its 200 day moving average is $1,113.86. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $521.00 billion, a P/E ratio of 52.24, a P/E/G ratio of 2.05 and a beta of 1.59. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm 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 earnings per share. The company's revenue 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. As a group, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the topic of several research reports. BMO Capital Markets restated an "outperform" rating and set a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Bank of America boosted their price target on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Jefferies Financial Group restated a "buy" rating on shares of Netflix in a report on Tuesday, August 12th. Citigroup restated a "neutral" rating and set a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Finally, UBS Group restated a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

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.

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