GK Wealth Management LLC Reduces Stock Position in Netflix, Inc. $NFLX

Key Points

• GK Wealth Management LLC reduced its stake in Netflix by 24.7%, selling 211 shares during the quarter, leaving them with a total of 644 shares valued at approximately $601,000.
• Netflix's stock recently has a market capitalization of $530.19 billion, with a P/E ratio of 53.16, and is currently trading at $1,247.71, down 1.2%.
• Several large investors such as Fullcircle Wealth LLC and Capital Analysts LLC have adjusted their holdings in Netflix, indicating a trend of institutional ownership at around 80.93%.

GK Wealth Management LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 24.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 644 shares of the Internet television network's stock after selling 211 shares during the quarter. GK Wealth Management LLC's holdings in Netflix were worth $601,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC lifted its stake in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new stake in Netflix during the fourth quarter worth approximately $27,000. Copia Wealth Management purchased a new stake in shares of Netflix during the 4th quarter worth approximately $37,000. Flaharty Asset Management LLC purchased a new stake in shares of Netflix during the 1st quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its holdings in shares of Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after buying an additional 45 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of NFLX traded down $15.06 during trading hours on Friday, reaching $1,188.44. The company had a trading volume of 3,778,934 shares, compared to its average volume of 2,525,736. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $505.00 billion, a price-to-earnings ratio of 50.64, a PEG ratio of 2.03 and a beta of 1.60. The firm has a 50 day simple moving average of $1,218.15 and a 200-day simple moving average of $1,131.45.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion during 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%.Netflix'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 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NFLX. Citigroup reiterated a "neutral" rating and set a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Piper Sandler raised their price objective on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Oppenheimer lifted their target price on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Wall Street Zen cut Netflix from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, Rosenblatt Securities lifted their price target on Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. One 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $1,317.58.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction dated 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 transaction, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,348 shares of company stock valued at $109,498,489. Insiders own 1.37% of the company's stock.

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.