Netflix, Inc. $NFLX Position Boosted by Gordian Capital Singapore Pte Ltd

Key Points

• Gordian Capital Singapore Pte Ltd has increased its stake in Netflix, Inc. by 37.9%, making it the firm's 4th largest holding and accounting for about 5.7% of its investment portfolio.
• Insider selling has been significant, with Director Jay C. Hoag and Reed Hastings selling a combined total of 58,683 shares, resulting in significant reductions in their ownership.
• Analysts remain optimistic, with Netflix receiving a consensus rating of "Moderate Buy" and a price target averaging around $1,297.66.

Gordian Capital Singapore Pte Ltd raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 37.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,860 shares of the Internet television network's stock after buying an additional 2,708 shares during the quarter. Netflix makes up approximately 5.7% of Gordian Capital Singapore Pte Ltd's portfolio, making the stock its 4th biggest position. Gordian Capital Singapore Pte Ltd's holdings in Netflix were worth $9,207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Brighton Jones LLC lifted its stake in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after buying an additional 257 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares during the period. BIP Wealth LLC increased its holdings in shares of Netflix by 23.8% in the fourth quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock valued at $403,000 after purchasing an additional 87 shares during the period. Voleon Capital Management LP acquired a new position in Netflix during the fourth quarter worth $923,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Netflix during the fourth quarter worth $84,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on NFLX. Needham & Company LLC reaffirmed a "buy" rating and set a $1,500.00 price objective on shares of Netflix in a report on Friday, July 18th. Bank of America upped their target price on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a report on Friday, May 30th. Robert W. Baird upped their target price on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Sanford C. Bernstein upped their target price on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Finally, Wall Street Zen lowered Netflix from a "buy" rating to a "hold" rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

Netflix Trading Down 1.9%

NASDAQ NFLX traded down $23.20 during trading hours on Friday, hitting $1,208.25. 3,206,585 shares of the company's stock were exchanged, compared to its average volume of 2,730,890. The business's 50 day moving average is $1,231.11 and its 200-day moving average is $1,118.03. Netflix, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15. The firm has a market capitalization of $513.42 billion, a P/E ratio of 51.48, a price-to-earnings-growth ratio of 2.03 and a beta of 1.59. 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 (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the prior year, the business posted $4.88 earnings per share. The firm's revenue for the quarter 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. As a group, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated 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 directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 31,750 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director owned 63,040 shares in the company, valued at $78,948,144. This trade represents a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 123,163 shares of company stock valued at $151,917,174 in the last three months. Company insiders own 1.37% of the company's stock.

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.