Netflix, Inc. $NFLX Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 17.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,362 shares of the Internet television network’s stock after selling 28,172 shares during the quarter. Netflix accounts for about 0.8% of Teacher Retirement System of Texas’ holdings, making the stock its 15th biggest holding. Teacher Retirement System of Texas’ holdings in Netflix were worth $183,946,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Stephens Consulting LLC increased its stake in Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after purchasing an additional 15 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in Netflix in the first quarter valued at approximately $37,000. Maseco LLP purchased a new position in Netflix in the second quarter valued at approximately $39,000. LGT Financial Advisors LLC purchased a new position in Netflix in the second quarter valued at approximately $40,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in Netflix in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the transaction, the director owned 394 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock worth $122,710,980 over the last quarter. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,094.69 on Monday. The firm’s fifty day moving average price is $1,207.21 and its 200 day moving average price is $1,189.16. Netflix, Inc. has a 1-year low of $747.77 and a 1-year high of $1,341.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market cap of $463.85 billion, a price-to-earnings ratio of 45.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm had revenue of $11.51 billion during the quarter, compared to analysts’ expectations of $11.52 billion. During the same quarter last year, the business earned $5.40 earnings per share. The business’s quarterly revenue was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $1,400.00 price target (down from $1,500.00) on shares of Netflix in a research note on Wednesday. Wall Street Zen lowered shares of Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Robert W. Baird raised their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Citigroup restated a “neutral” rating and set a $1,295.00 target price (up from $1,280.00) on shares of Netflix in a research report on Friday, October 3rd. Finally, TD Cowen lowered their target price on shares of Netflix from $1,450.00 to $1,425.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,352.78.

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.