Texas Capital Bank Wealth Management Services Inc Buys 11,559 Shares of Netflix, Inc. $NFLX

Texas Capital Bank Wealth Management Services Inc boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 952.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,772 shares of the Internet television network’s stock after purchasing an additional 11,559 shares during the period. Texas Capital Bank Wealth Management Services Inc’s holdings in Netflix were worth $1,198,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Community Bank & Trust Waco Texas lifted its stake in Netflix by 900.0% in the 4th quarter. Community Bank & Trust Waco Texas now owns 4,500 shares of the Internet television network’s stock valued at $422,000 after purchasing an additional 4,050 shares during the last quarter. Waystone Advisors LLC bought a new position in Netflix in the 4th quarter valued at approximately $532,000. NWK Group Inc. raised its stake in shares of Netflix by 899.5% during the fourth quarter. NWK Group Inc. now owns 80,383 shares of the Internet television network’s stock valued at $7,537,000 after acquiring an additional 72,341 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Netflix by 892.0% during the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock valued at $9,305,336,000 after acquiring an additional 89,558,684 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its stake in shares of Netflix by 882.4% during the fourth quarter. Fidelis Capital Partners LLC now owns 47,973 shares of the Internet television network’s stock valued at $4,498,000 after acquiring an additional 43,090 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, Director Reed Hastings sold 420,550 shares of Netflix stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $95.49, for a total transaction of $40,158,319.50. Following the completion of the transaction, the director owned 3,940 shares of the company’s stock, valued at $376,230.60. This trade represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David A. Hyman sold 5,722 shares of Netflix stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $88.08, for a total transaction of $503,993.76. Following the transaction, the insider directly owned 316,100 shares of the company’s stock, valued at $27,842,088. This represents a 1.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,422,769 shares of company stock valued at $135,144,073 over the last three months. 1.24% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Moffett Nathanson raised their price target on shares of Netflix from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Raymond James Financial reaffirmed a “market perform” rating on shares of Netflix in a research note on Thursday, May 14th. Guggenheim reaffirmed a “buy” rating and set a $120.00 price target on shares of Netflix in a research note on Friday, May 15th. Cfra raised shares of Netflix from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research note on Friday, March 6th. Finally, Wedbush reaffirmed an “outperform” rating and set a $118.00 price target on shares of Netflix in a research note on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $114.82.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $87.35 on Thursday. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12. The firm has a fifty day simple moving average of $93.45 and a 200 day simple moving average of $93.59. The company has a market capitalization of $367.81 billion, a PE ratio of 28.21, a P/E/G ratio of 1.11 and a beta of 1.55. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43.

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

About Netflix

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.