Gamco Investors INC. ET AL Sells 4,470 Shares of Netflix, Inc. $NFLX

Key Points

• Gamco Investors INC. ET AL reduced its stake in Netflix by 27.1%, now holding 12,043 shares valued at approximately $11.23 million after selling 4,470 shares.
• Several institutional investors increased their holdings, including GAMMA Investing LLC, which raised its shares by over 109,524%, now owning 8.83 million shares worth $8.24 billion.
• Netflix reported a 15.9% revenue increase year-over-year, with earnings per share for the latest quarter surpassing estimates at $7.19 against a forecast of $7.07.

Gamco Investors INC. ET AL trimmed its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 27.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,043 shares of the Internet television network's stock after selling 4,470 shares during the period. Gamco Investors INC. ET AL's holdings in Netflix were worth $11,230,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NFLX. GAMMA Investing LLC lifted 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 valued at $8,239,576,000 after purchasing an additional 8,827,662 shares in the last quarter. Nuveen LLC bought a new stake in shares of Netflix in the first quarter valued at about $2,385,585,000. Goldman Sachs Group Inc. lifted 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 valued at $3,164,134,000 after purchasing an additional 1,236,251 shares in the last quarter. Vanguard Group Inc. lifted 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 valued at $35,433,585,000 after purchasing an additional 509,255 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Netflix by 935.7% during the fourth quarter. Two Sigma Advisers LP now owns 461,900 shares of the Internet television network's stock worth $411,701,000 after acquiring an additional 417,300 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,290,418.40. The trade was a 41.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 145,667 shares of company stock worth $178,679,156 in the last three months. 1.37% of the stock is owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,226.09 on Wednesday. The business's 50 day moving average price is $1,231.37 and its two-hundred day moving average price is $1,113.86. The company has a market cap of $521.00 billion, a PE ratio of 52.24, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on NFLX shares. Robert W. Baird upped their target price on Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Wolfe Research set a $1,340.00 target price on Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. Rosenblatt Securities upped their target price on Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Loop Capital reiterated a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. Finally, Oppenheimer upped their target price on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

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.

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