University of Texas Texas AM Investment Management Co. Has $3.92 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

University of Texas Texas AM Investment Management Co. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 231.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,805 shares of the Internet television network’s stock after acquiring an additional 4,054 shares during the period. Netflix makes up approximately 0.8% of University of Texas Texas AM Investment Management Co.’s holdings, making the stock its 25th largest holding. University of Texas Texas AM Investment Management Co.’s holdings in Netflix were worth $3,918,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Denver PWM LLC acquired a new stake in shares of Netflix during the 2nd quarter valued at about $25,000. Valued Wealth Advisors LLC lifted its stake in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the period. Proffitt & Goodson Inc. boosted its holdings in Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. AlphaMark Advisors LLC grew its stake in shares of Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares during the period. Finally, Indiana Trust & Investment Management CO raised its holdings in shares of Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Piper Sandler boosted their price target on Netflix from $600.00 to $650.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Citigroup boosted their target price on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Oppenheimer reiterated an “outperform” rating and set a $725.00 target price on shares of Netflix in a research report on Tuesday, July 30th. Needham & Company LLC restated a “buy” rating and issued a $700.00 price target on shares of Netflix in a research report on Friday, July 19th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $635.00 price objective on shares of Netflix in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $686.03.

Netflix Price Performance

NASDAQ NFLX opened at $706.13 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $304.34 billion, a price-to-earnings ratio of 49.00, a PEG ratio of 1.44 and a beta of 1.26. The business has a 50 day simple moving average of $672.13 and a 200 day simple moving average of $646.29. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $725.26.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.14. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.29 earnings per share. Analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The disclosure for this sale can be found here. Insiders have sold 179,494 shares of company stock valued at $118,230,884 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

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.