Iron Gate Global Advisors LLC Has $28.35 Million Position in Netflix, Inc. $NFLX

Key Points

• Iron Gate Global Advisors LLC sold 1,001 shares of Netflix, reducing its holdings by 3.2%, leaving it with 30,403 shares valued at approximately $28,352,000.
• Institutional investors currently own 80.93% of Netflix's stock, with notable increases from firms like Vanguard Group and GAMMA Investing.
• Analysts have varying opinions on Netflix, with ratings including 22 Buy, 10 Hold, and 3 Sell, and an average price target of $1,317.58.

Iron Gate Global Advisors LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,403 shares of the Internet television network's stock after selling 1,001 shares during the period. Netflix accounts for 3.9% of Iron Gate Global Advisors LLC's portfolio, making the stock its 11th biggest holding. Iron Gate Global Advisors LLC's holdings in Netflix were worth $28,352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NFLX. GAMMA Investing LLC grew its position in Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after buying an additional 8,827,662 shares in the last quarter. Nuveen LLC bought a new position in Netflix in the 1st quarter valued at about $2,385,585,000. Goldman Sachs Group Inc. grew its position in Netflix by 57.3% in the 1st 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 buying an additional 1,236,251 shares in the last quarter. Amundi grew its position in Netflix by 37.7% in the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock valued at $1,898,496,000 after buying an additional 567,251 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after buying an additional 509,255 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Trading Down 1.3%

NFLX stock traded down $15.06 during mid-day trading on Friday, reaching $1,188.44. 3,778,934 shares of the stock traded hands, compared to its average volume of 2,525,736. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The company has a market cap of $505.00 billion, a P/E ratio of 50.64, a P/E/G ratio of 2.03 and a beta of 1.60. The stock's fifty day moving average is $1,218.15 and its 200-day moving average is $1,131.45.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on NFLX shares. Piper Sandler upped their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a report on Friday, July 18th. The Goldman Sachs Group upped their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Citigroup reissued a "neutral" rating and issued a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Zacks Research downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Finally, Sanford C. Bernstein upped their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,317.58.

Insiders Place Their Bets

In other news, insider Cletus R. Willems sold 238 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reed Hastings sold 25,959 shares of the stock in a transaction that occurred on 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 directly owned 394 shares of the company's stock, valued at $475,837.74. This trade represents a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock valued at $109,498,489 over the last ninety days. Insiders own 1.37% of the company's stock.

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.