Gradient Investments LLC Sells 1,317 Shares of Netflix, Inc. $NFLX

Gradient Investments LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 25,456 shares of the Internet television network’s stock after selling 1,317 shares during the quarter. Gradient Investments LLC’s holdings in Netflix were worth $34,090,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of NFLX. GAMMA Investing LLC increased its holdings in shares of Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after buying an additional 8,827,662 shares during the period. Nuveen LLC purchased a new position in shares of Netflix in the first quarter worth about $2,385,585,000. Goldman Sachs Group Inc. increased its holdings in shares of Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock worth $3,164,134,000 after buying an additional 1,236,251 shares during the period. Amundi increased its holdings in shares of Netflix by 37.7% in the first quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock worth $1,898,496,000 after buying an additional 567,251 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after buying an additional 509,255 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Netflix stock opened at $1,188.44 on Monday. The stock’s 50 day simple moving average is $1,218.15 and its two-hundred day simple moving average is $1,133.62. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $505.00 billion, a price-to-earnings ratio of 50.64, a PEG ratio of 2.00 and a beta of 1.60. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. The business 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 business’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction that occurred on 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 sale, the director directly owned 394 shares of the company’s stock, valued at approximately $475,837.74. The trade was a 98.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Cletus R. Willems sold 238 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,348 shares of company stock worth $109,498,489. Insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on NFLX shares. Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Jefferies Financial Group restated a “buy” rating on shares of Netflix in a report on Tuesday, August 12th. Bank of America boosted their price target on Netflix from $1,175.00 to $1,490.00 and gave the company a “buy” rating in a report on Friday, May 30th. Loop Capital restated a “hold” rating on shares of Netflix in a report on Tuesday, July 15th. Finally, Citigroup restated a “neutral” rating and set a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,317.58.

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.