Gradient Investments LLC Purchases 298,694 Shares of Netflix, Inc. $NFLX

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Gradient Investments LLC significantly increased its stake in Netflix, Inc. in Q4 by 1,097.2%, acquiring 298,694 shares to hold a total of 325,918 shares valued at approximately $30.56 million. This strong institutional buying contrasts with recent insider selling, where key executives like Reed Hastings and Spencer Neumann offloaded substantial amounts of stock. Despite mixed analyst sentiment and concerns about subscriber growth and valuation, the company recently reported better-than-expected earnings and has an average analyst target price suggesting a “Moderate Buy” rating.

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