Gallacher Capital Management LLC Raises Stock Holdings in Netflix, Inc. $NFLX

Gallacher Capital Management LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 98.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 500 shares of the Internet television network's stock after purchasing an additional 248 shares during the period. Gallacher Capital Management LLC's holdings in Netflix were worth $670,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Resurgent Financial Advisors LLC lifted its holdings in Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after buying an additional 708 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Netflix by 42.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock worth $412,059,000 after buying an additional 130,946 shares during the last quarter. PharVision Advisers LLC bought a new position in Netflix during the 4th quarter worth approximately $873,000. New England Research & Management Inc. lifted its holdings in Netflix by 148.5% during the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after buying an additional 1,268 shares during the last quarter. Finally, Westbourne Investments Inc. lifted its holdings in Netflix by 107.9% during the 1st quarter. Westbourne Investments Inc. now owns 2,408 shares of the Internet television network's stock worth $2,246,000 after buying an additional 1,250 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In other news, 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 in the company, valued at approximately $36,625,558.70. This trade represents a 1.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,457,842.16. This trade represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock worth $109,498,489 over the last quarter. Insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NFLX shares. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. Wedbush reissued an "outperform" rating and issued a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Barclays reissued a "sell" rating and issued a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Wells Fargo & Company raised their price target on Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,317.58.

Netflix Stock Down 1.3%

NFLX opened at $1,188.44 on Monday. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market cap of $505.00 billion, a P/E ratio of 50.64, a P/E/G ratio of 2.00 and a beta of 1.60. The stock's 50 day moving average price is $1,218.15 and its 200 day moving average price is $1,133.62.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same period last year, the firm earned $4.88 EPS. The firm's revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Netflix Company 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.

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