GK Wealth Management LLC Purchases 7,767 Shares of Netflix, Inc. $NFLX

GK Wealth Management LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 840.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,691 shares of the Internet television network’s stock after buying an additional 7,767 shares during the quarter. GK Wealth Management LLC’s holdings in Netflix were worth $815,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after purchasing an additional 257 shares in the last quarter. Revolve Wealth Partners LLC increased its stake 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 buying an additional 144 shares during the last quarter. Sivia Capital Partners LLC increased its stake in Netflix by 21.2% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network’s stock valued at $1,883,000 after buying an additional 246 shares during the last quarter. Strategic Investment Advisors MI lifted its position in Netflix by 18.9% during the 2nd quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network’s stock worth $1,036,000 after buying an additional 123 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its position in Netflix by 12.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network’s stock worth $2,832,000 after buying an additional 228 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of recent research reports. Royal Bank Of Canada restated a “hold” rating on shares of Netflix in a research note on Wednesday, January 21st. President Capital lifted their target price on Netflix from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. UBS Group set a $104.00 price target on Netflix in a research report on Tuesday, January 27th. Canaccord Genuity Group set a $125.00 price target on Netflix and gave the company a “buy” rating in a research note on Wednesday, January 21st. Finally, KeyCorp set a $110.00 price target on Netflix and gave the stock an “overweight” rating in a research report on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $114.35.

Check Out Our Latest Analysis on NFLX

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 28,630 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $97.00, for a total value of $2,777,110.00. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company’s stock, valued at $7,157,339. The trade was a 27.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Cletus R. Willems sold 3,136 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $82.67, for a total transaction of $259,253.12. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,520,133 shares of company stock valued at $137,259,786 in the last 90 days. 1.37% of the stock is currently owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $91.75 on Friday. The firm has a market cap of $387.38 billion, a P/E ratio of 36.31, a price-to-earnings-growth ratio of 1.45 and a beta of 1.68. The business’s 50 day moving average is $86.82 and its 200-day moving average is $101.89. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12.

Netflix (NASDAQ:NFLXGet Free Report) last released its quarterly earnings results on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $11.97 billion. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

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Netflix Profile

(Free Report)

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

See Also

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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