Netflix, Inc. $NFLX Shares Bought by Gunderson Capital Management Inc.

Gunderson Capital Management Inc. boosted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,204 shares of the Internet television network's stock after acquiring an additional 1,230 shares during the quarter. Netflix accounts for about 6.3% of Gunderson Capital Management Inc.'s portfolio, making the stock its 2nd biggest holding. Gunderson Capital Management Inc.'s holdings in Netflix were worth $15,004,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Netflix by 16.4% in the 4th 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 in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Netflix by 17.6% during the 1st quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network's stock worth $8,836,000 after purchasing an additional 1,415 shares during the last quarter. Zhang Financial LLC lifted its position in Netflix by 23.4% during the first quarter. Zhang Financial LLC now owns 974 shares of the Internet television network's stock worth $908,000 after buying an additional 185 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. lifted its position in Netflix by 37.7% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 1,045 shares of the Internet television network's stock worth $974,000 after buying an additional 286 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In related news, Director Reed Hastings sold 42,176 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the transaction, the director owned 394 shares of the company's stock, valued at $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares in the company, valued at approximately $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. In the last 90 days, insiders sold 104,100 shares of company stock worth $122,710,980. Corporate insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Wedbush reaffirmed an "outperform" rating and issued a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Citigroup restated a "neutral" rating and set a $1,295.00 price target (up from $1,280.00) on shares of Netflix in a research note on Friday, October 3rd. Needham & Company LLC restated a "buy" rating and set a $1,500.00 price target on shares of Netflix in a research note on Wednesday, September 10th. Finally, Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,337.63.

Netflix Trading Down 0.9%

NFLX opened at $1,220.08 on Friday. The business has a fifty day moving average price of $1,210.84 and a 200 day moving average price of $1,167.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $518.45 billion, a price-to-earnings ratio of 51.98, a PEG ratio of 2.07 and a beta of 1.59. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The business 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%.The business's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.

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