Gunderson Capital Management Inc. Reduces Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Gunderson Capital Management Inc. cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,526 shares of the Internet television network’s stock after selling 355 shares during the period. Netflix comprises approximately 3.8% of Gunderson Capital Management Inc.’s holdings, making the stock its 11th largest position. Gunderson Capital Management Inc.’s holdings in Netflix were worth $8,884,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Denver PWM LLC bought a new stake in Netflix during the second quarter valued at approximately $25,000. Valued Wealth Advisors LLC boosted its stake in shares of Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares during the last quarter. Proffitt & Goodson Inc. grew its position in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 38 shares during the period. AlphaMark Advisors LLC increased its stake in shares of Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares in the last quarter. Finally, Indiana Trust & Investment Management CO raised its holdings in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares during the period. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on NFLX shares. Barclays restated an “underweight” rating and issued a $550.00 price target on shares of Netflix in a research report on Monday. Piper Sandler raised shares of Netflix from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $650.00 to $800.00 in a report on Monday. Sanford C. Bernstein raised their target price on shares of Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research note on Friday, July 19th. Rosenblatt Securities reiterated a “neutral” rating and issued a $635.00 price target on shares of Netflix in a research report on Friday, September 20th. Finally, StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $694.71.

Netflix Stock Up 0.1 %

Shares of NASDAQ NFLX traded up $0.66 during trading hours on Wednesday, hitting $722.42. 657,525 shares of the stock were exchanged, compared to its average volume of 3,654,451. The company has a market cap of $311.36 billion, a PE ratio of 50.09, a PEG ratio of 1.44 and a beta of 1.26. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $726.70. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm has a fifty day moving average price of $680.33 and a 200-day moving average price of $649.42.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter last year, the firm earned $3.29 EPS. The business’s quarterly revenue was up 16.8% on a year-over-year basis. On average, sell-side analysts expect that Netflix, Inc. will post 19.08 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,043,019.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $60,023.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,043,019.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 224,784 shares of company stock worth $150,212,870. Company insiders own 1.76% of the company’s stock.

Netflix 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.