GAMMA Investing LLC Buys 1,126 Shares of Netflix, Inc. $NFLX

Key Points

• GAMMA Investing LLC increased its stake in Netflix, Inc. by 11.9%, acquiring an additional 1,126 shares, bringing its total holdings to 10,601 shares worth approximately $14.2 million.
• Several institutional investors have also added to their Netflix positions, including Revolve Wealth Partners LLC, which raised its holdings by 16.4% in the fourth quarter.
• Analyst ratings for Netflix have improved, with multiple firms tipping price targets above $1,300, contributing to a consensus rating of "Moderate Buy" and an average price target of $1,328.87.

GAMMA Investing LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,601 shares of the Internet television network's stock after buying an additional 1,126 shares during the period. Netflix accounts for 0.9% of GAMMA Investing LLC's investment portfolio, making the stock its 14th biggest position. GAMMA Investing LLC's holdings in Netflix were worth $14,196,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC increased its holdings in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Netflix during the 2nd quarter valued at $47,000. Flaharty Asset Management LLC acquired a new stake in shares of Netflix during the 1st quarter valued at $37,000. Copia Wealth Management acquired a new stake in Netflix during the 4th quarter valued at $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix during the 1st quarter valued at $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock worth $109,498,489 in the last three months. Insiders own 1.37% of the company's stock.

Netflix Trading Up 0.0%

NASDAQ NFLX traded up $0.40 on Monday, hitting $1,227.37. The company's stock had a trading volume of 2,543,834 shares, compared to its average volume of 2,749,690. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The firm has a market cap of $521.55 billion, a PE ratio of 52.30, a PEG ratio of 2.07 and a beta of 1.60. The company's 50-day moving average is $1,211.80 and its 200 day moving average is $1,144.65. 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 (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NFLX shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of Netflix in a research report on Thursday, September 11th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Oppenheimer raised their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Finally, KeyCorp lifted their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,328.87.

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.