Texas Capital Bank Wealth Management Services Inc Has $1.20 Million Stock Position in Netflix, Inc. $NFLX

Key Points

• Texas Capital Bank Wealth Management Services Inc. boosted its Netflix stake by 952.9% in the fourth quarter, ending with 12,772 shares valued at about $1.2 million.
• Netflix reported strong quarterly results, with earnings of $1.23 per share versus $0.76 expected and revenue of $12.25 billion, up 16.2% year over year.
• Analyst sentiment remains broadly positive: the stock has an average “Moderate Buy” rating, though insiders have recently sold shares, including CEO Gregory K. Peters and Theodore A. Sarandos.

Texas Capital Bank Wealth Management Services Inc boosted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 952.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,772 shares of the Internet television network's stock after buying an additional 11,559 shares during the period. Texas Capital Bank Wealth Management Services Inc's holdings in Netflix were worth $1,198,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Imprint Wealth LLC acquired a new position in Netflix in the 3rd quarter valued at about $25,000. Bare Financial Services Inc grew its position in shares of Netflix by 93.3% during the 3rd quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network's stock worth $35,000 after purchasing an additional 14 shares in the last quarter. Horizon Financial Services LLC grew its position in shares of Netflix by 480.0% during the 3rd quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network's stock worth $35,000 after purchasing an additional 24 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Netflix during the 3rd quarter worth approximately $36,000. Finally, Promus Capital LLC acquired a new position in shares of Netflix during the 3rd quarter worth approximately $48,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NFLX. Cfra upgraded shares of Netflix from a "hold" rating to a "buy" rating and set a $115.00 target price on the stock in a research report on Friday, March 6th. Evercore began coverage on shares of Netflix in a research report on Friday, February 27th. They set an "outperform" rating and a $115.00 target price on the stock. Piper Sandler restated an "overweight" rating and set a $115.00 target price (up from $103.00) on shares of Netflix in a research report on Friday, April 17th. Jefferies Financial Group decreased their target price on shares of Netflix from $134.00 to $128.00 and set a "buy" rating on the stock in a research report on Friday, April 17th. Finally, Raymond James Financial restated a "market perform" rating on shares of Netflix in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $114.82.

Netflix Stock Performance

NASDAQ NFLX opened at $87.35 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $367.81 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 1.11 and a beta of 1.55. The firm's 50 day simple moving average is $93.45 and its 200 day simple moving average is $93.59. Netflix, Inc. has a 1 year low of $75.01 and a 1 year high of $134.12.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.47. The business had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The firm's revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the business posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, research analysts expect that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 27,312 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $88.69, for a total transaction of $2,422,301.28. Following the sale, the chief executive officer owned 120,931 shares in the company, valued at approximately $10,725,370.39. This trade represents a 18.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the sale, the chief executive officer owned 284,804 shares in the company, valued at $25,054,207.88. This represents a 8.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,422,769 shares of company stock worth $135,144,073 in the last three months. Company insiders own 1.24% of the company's stock.

Netflix Company 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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