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

Key Points

• Gradient Investments LLC reduced its stake in Netflix by 4.9% during Q2, selling 1,317 shares, leaving it with 25,456 shares valued at about $34 million.
• Netflix's recent quarterly earnings of $7.19 EPS exceeded analysts' projections, with revenue standing at $11.08 billion, a 15.9% increase year-over-year.
• Insider sales peaked in recent months, with Director Reed Hastings selling 25,959 shares for over $31 million, reflecting a significant reduction in his ownership stake.

Gradient Investments LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,456 shares of the Internet television network's stock after selling 1,317 shares during the period. Gradient Investments LLC's holdings in Netflix were worth $34,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GK Wealth Management LLC grew its holdings in Netflix by 52.6% during the second quarter. GK Wealth Management LLC now owns 885 shares of the Internet television network's stock valued at $1,185,000 after purchasing an additional 305 shares during the period. Gallacher Capital Management LLC grew its holdings in Netflix by 98.4% during the second quarter. Gallacher Capital Management LLC now owns 500 shares of the Internet television network's stock valued at $670,000 after purchasing an additional 248 shares during the period. Parallel Advisors LLC grew its holdings in Netflix by 2.7% during the second quarter. Parallel Advisors LLC now owns 29,351 shares of the Internet television network's stock valued at $39,305,000 after purchasing an additional 776 shares during the period. O Connor Financial Group LLC bought a new position in Netflix during the second quarter valued at $218,000. Finally, Trust Co. of Oklahoma grew its holdings in Netflix by 123.8% during the second quarter. Trust Co. of Oklahoma now owns 629 shares of the Internet television network's stock valued at $842,000 after purchasing an additional 348 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Trading Down 1.3%

Shares of NFLX stock opened at $1,188.44 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The company has a market capitalization of $505.00 billion, a PE ratio of 50.64, a price-to-earnings-growth ratio of 2.00 and a beta of 1.60. The business's fifty day moving average is $1,218.15 and its 200 day moving average is $1,133.62.

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 analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the business posted $4.88 earnings per share. 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. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction dated 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 completion of the sale, the director owned 394 shares of the company's stock, valued at $475,837.74. The trade was a 98.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction dated 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 sale, the chief executive officer directly owned 12,781 shares of the company's stock, 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 have sold a total of 89,348 shares of company stock valued at $109,498,489 in the last ninety days. 1.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wedbush reissued an "outperform" rating and set a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Phillip Securities lowered Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Barclays reaffirmed a "sell" rating and issued a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. KeyCorp raised their price target on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Piper Sandler raised their price target on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,317.58.

About Netflix

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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