Mcdaniel Terry & Co. Sells 10 Shares of Netflix, Inc. $NFLX

Mcdaniel Terry & Co. reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,000 shares of the Internet television network’s stock after selling 10 shares during the quarter. Mcdaniel Terry & Co.’s holdings in Netflix were worth $1,339,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Aspen Capital Management LLC acquired a new stake in shares of Netflix during the 2nd quarter worth approximately $230,000. Curio Wealth LLC lifted its holdings in Netflix by 44,400.0% during the second quarter. Curio Wealth LLC now owns 890 shares of the Internet television network’s stock worth $1,192,000 after acquiring an additional 888 shares in the last quarter. Keeler Thomas Management LLC acquired a new position in shares of Netflix in the 2nd quarter valued at approximately $1,666,000. Hobart Private Capital LLC boosted its holdings in shares of Netflix by 150.5% in the second quarter. Hobart Private Capital LLC now owns 739 shares of the Internet television network’s stock valued at $990,000 after buying an additional 444 shares during the period. Finally, Ranch Capital Advisors Inc. increased its holdings in Netflix by 25.3% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 866 shares of the Internet television network’s stock worth $1,160,000 after purchasing an additional 175 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on NFLX shares. Benchmark restated a “hold” rating on shares of Netflix in a research note on Wednesday. Wall Street Zen downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Netflix in a research report on Wednesday, October 8th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,352.78.

Netflix Stock Down 1.7%

Netflix stock opened at $1,094.69 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.34. The company’s 50-day moving average is $1,207.21 and its 200-day moving average is $1,185.28. The firm has a market capitalization of $463.85 billion, a PE ratio of 45.73, a P/E/G ratio of 1.92 and a beta of 1.59. Netflix, Inc. has a fifty-two week low of $747.77 and a fifty-two week high of $1,341.15.

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

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company’s stock, valued at $4,290,418.40. This trade represents a 41.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the transaction, the insider directly owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. This trade represents a 1.32% 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 in the last three months. 1.37% of the stock is owned by company insiders.

Netflix Profile

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.