HWG Holdings LP Sells 2,517 Shares of Netflix, Inc. $NFLX

HWG Holdings LP reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 32.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,301 shares of the Internet television network’s stock after selling 2,517 shares during the period. Netflix comprises approximately 2.1% of HWG Holdings LP’s portfolio, making the stock its 15th biggest position. HWG Holdings LP’s holdings in Netflix were worth $7,099,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Brighton Jones LLC grew its holdings in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after acquiring an additional 257 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after acquiring an additional 144 shares in the last quarter. Visionary Wealth Advisors grew its holdings in shares of Netflix by 8.6% in the fourth quarter. Visionary Wealth Advisors now owns 1,120 shares of the Internet television network’s stock valued at $999,000 after acquiring an additional 89 shares in the last quarter. Woodline Partners LP bought a new position in shares of Netflix in the fourth quarter valued at approximately $20,787,000. Finally, Waverly Advisors LLC grew its holdings in shares of Netflix by 29.6% in the fourth quarter. Waverly Advisors LLC now owns 3,545 shares of the Internet television network’s stock valued at $3,160,000 after acquiring an additional 810 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Trading Up 2.3%

Shares of NFLX stock opened at $1,228.50 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The company has a market capitalization of $522.02 billion, a PE ratio of 52.34, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60. The business’s fifty day moving average is $1,213.71 and its 200 day moving average is $1,136.26.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 424 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Reed Hastings sold 25,959 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the completion of the sale, the director owned 394 shares of the company’s stock, valued at $475,837.74. This trade represents a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock valued at $109,498,489 in the last quarter. 1.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NFLX. Seaport Res Ptn lowered Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. Piper Sandler upped their target price on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Sanford C. Bernstein upped their price objective on Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. Bank of America upped their price objective on Netflix from $1,175.00 to $1,490.00 and gave the company a “buy” rating in a research note on Friday, May 30th. Finally, Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,328.87.

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.