GC Wealth Management RIA LLC Has $6.50 Million Stock Position in Netflix, Inc. $NFLX

GC Wealth Management RIA LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 859.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,854 shares of the Internet television network’s stock after acquiring an additional 4,348 shares during the period. GC Wealth Management RIA LLC’s holdings in Netflix were worth $6,500,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC raised its position in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in shares of Netflix in the 1st quarter worth approximately $37,000. Maseco LLP acquired a new position in shares of Netflix in the 2nd quarter worth approximately $39,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix in the 1st quarter valued at $42,000. Finally, 1248 Management LLC acquired a new stake in shares of Netflix during the first quarter worth $43,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares of the company’s stock, valued at $4,290,418.40. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,728 shares of company stock worth $108,700,648. Corporate insiders own 1.37% of the company’s stock.

Netflix Stock Performance

Shares of Netflix stock opened at $1,210.61 on Monday. The business has a 50-day simple moving average of $1,208.75 and a 200 day simple moving average of $1,153.53. The firm has a market capitalization of $514.42 billion, a price-to-earnings ratio of 51.58, a PEG ratio of 2.04 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the previous year, the company posted $4.88 earnings per share. The company’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. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent analyst reports. Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and boosted their target price for the company from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. Wall Street Zen raised Netflix from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. The Goldman Sachs Group boosted their price objective on Netflix from $1,000.00 to $1,140.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Needham & Company LLC restated a “buy” rating and set a $1,500.00 target price on shares of Netflix in a research report on Wednesday, September 10th. Finally, Rosenblatt Securities lifted their target price on Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,328.87.

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.