Highland Capital Management LLC Buys 42,878 Shares of Netflix, Inc. $NFLX

Highland Capital Management LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 560.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,535 shares of the Internet television network’s stock after purchasing an additional 42,878 shares during the period. Highland Capital Management LLC’s holdings in Netflix were worth $4,738,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Imprint Wealth LLC bought a new stake in shares of Netflix during the 3rd quarter worth approximately $25,000. First Financial Corp IN raised its stake in shares of Netflix by 900.0% during the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 243 shares in the last quarter. DiNuzzo Private Wealth Inc. raised its stake in shares of Netflix by 885.2% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 239 shares in the last quarter. Turning Point Benefit Group Inc. raised its stake in shares of Netflix by 13,400.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 268 shares in the last quarter. Finally, MB Levis & Associates LLC raised its stake in shares of Netflix by 177.8% during the 4th quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network’s stock worth $28,000 after purchasing an additional 192 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 1.1%

NFLX stock opened at $91.05 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. 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 business’s fifty day moving average price is $94.81 and its two-hundred day moving average price is $96.77. Netflix, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $134.12.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, topping 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 company’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the business earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, equities analysts anticipate that Netflix, Inc. will post 3.56 earnings per share for the current year.

Insider Activity

In other Netflix news, insider Cletus R. Willems sold 3,136 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $82.67, for a total transaction of $259,253.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 57,260 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $95.50, for a total value of $5,468,330.00. Following the completion of the transaction, the chief financial officer owned 73,787 shares in the company, valued at $7,046,658.50. The trade was a 43.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,398,593 shares of company stock worth $132,740,606. Corporate insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NFLX. Rosenblatt Securities cut their price target on Netflix from $96.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Wells Fargo & Company began coverage on Netflix in a report on Monday, March 9th. They set an “equal weight” rating and a $105.00 price target for the company. HSBC raised their price target on Netflix from $106.00 to $114.00 and gave the company a “buy” rating in a report on Friday, April 10th. Daiwa Securities Group raised their price target on Netflix from $97.00 to $102.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Finally, UBS Group set a $104.00 price target on Netflix in a report on Tuesday, January 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.82.

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.