Highland Capital Management LLC Has $4.74 Million Holdings in Netflix, Inc. $NFLX

Key Points

• Highland Capital Management boosted its Netflix stake by 560% in Q4, adding 42,878 shares to hold 50,535 shares worth about $4.74 million.
• Corporate insiders have been heavy sellers, disposing of 1,398,593 shares worth $132.74 million in the past three months, including CEO Gregory Peters' sale of 27,312 shares and David Hyman's sale of 5,727 shares.
• Analysts carry a consensus "Moderate Buy" rating with an average target of $114.82; Netflix recently beat quarterly EPS estimates ($1.23 vs. $0.76) while the stock trades in the low $90s.

Highland Capital Management LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 560.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,535 shares of the Internet television network's stock after acquiring an additional 42,878 shares during the quarter. Highland Capital Management LLC's holdings in Netflix were worth $4,738,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crews Bank & Trust grew its position in shares of Netflix by 5.8% during the 3rd quarter. Crews Bank & Trust now owns 164 shares of the Internet television network's stock worth $197,000 after buying an additional 9 shares during the period. Apriem Advisors grew its position in shares of Netflix by 0.6% during the 3rd quarter. Apriem Advisors now owns 1,567 shares of the Internet television network's stock worth $1,879,000 after buying an additional 9 shares during the period. Tortoise Investment Management LLC grew its position in shares of Netflix by 10.8% during the 3rd quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network's stock worth $110,000 after buying an additional 9 shares during the period. Pacific Sun Financial Corp grew its position in shares of Netflix by 1.6% during the 3rd quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network's stock worth $688,000 after buying an additional 9 shares during the period. Finally, Brass Tax Wealth Management Inc. grew its position in shares of Netflix by 3.2% during the 3rd quarter. Brass Tax Wealth Management Inc. now owns 288 shares of the Internet television network's stock worth $345,000 after buying an additional 9 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 5,727 shares of the business's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $81.06, for a total value of $464,230.62. Following the sale, the insider owned 316,100 shares in the company, valued at approximately $25,623,066. The trade was a 1.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 27,312 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $83.24, for a total value of $2,273,450.88. Following the completion of the sale, the chief executive officer owned 122,140 shares in the company, valued at $10,166,933.60. The trade was a 18.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,398,593 shares of company stock worth $132,740,606. Corporate insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NFLX. Phillip Securities boosted their price objective on Netflix from $100.00 to $110.00 in a research report on Monday, April 20th. New Street Research boosted their price objective on Netflix from $96.00 to $102.00 in a research report on Friday, April 17th. President Capital boosted their price objective on Netflix from $133.00 to $134.00 and gave the company a "buy" rating in a research report on Tuesday, March 31st. Rosenblatt Securities decreased their price objective on Netflix from $96.00 to $95.00 and set a "neutral" rating for the company in a research report on Friday, April 17th. Finally, Wells Fargo & Company began coverage on Netflix in a research report on Monday, March 9th. They issued an "equal weight" rating and a $105.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $114.82.

Netflix Trading Down 1.1%

NASDAQ NFLX opened at $91.05 on Tuesday. The stock has a market capitalization of $383.38 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 1.18 and a beta of 1.55. The stock's 50 day moving average price is $94.81 and its two-hundred day moving average price is $96.77. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, beating the consensus estimate of $0.76 by $0.47. The firm had revenue of $12.25 billion for the quarter, compared to analysts' expectations of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The business's quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, analysts anticipate that Netflix, Inc. will post 3.56 earnings per share for the current fiscal year.

Netflix Profile

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.

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