17,422 Netflix, Inc. $NFLX Shares Sold by StoneX Group Inc.

StoneX Group Inc. lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 31.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,191 shares of the Internet television network’s stock after selling 17,422 shares during the quarter. StoneX Group Inc.’s holdings in Netflix were worth $2,612,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Financial Avengers Inc. raised its position in shares of Netflix by 9.8% during the first quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network’s stock worth $124,000 after purchasing an additional 115 shares during the period. UNIVEST FINANCIAL Corp increased its stake in Netflix by 0.5% during the 1st quarter. UNIVEST FINANCIAL Corp now owns 27,315 shares of the Internet television network’s stock valued at $2,626,000 after purchasing an additional 128 shares in the last quarter. First Growth Capital LLC raised its holdings in Netflix by 1.0% during the first quarter. First Growth Capital LLC now owns 13,189 shares of the Internet television network’s stock worth $1,260,000 after buying an additional 130 shares during the last quarter. Conservest Capital Advisors Inc. raised its holdings in Netflix by 5.7% during the first quarter. Conservest Capital Advisors Inc. now owns 2,445 shares of the Internet television network’s stock worth $235,000 after buying an additional 131 shares during the last quarter. Finally, Vantage Point Financial LLC raised its holdings in Netflix by 4.0% during the first quarter. Vantage Point Financial LLC now owns 3,500 shares of the Internet television network’s stock worth $337,000 after buying an additional 134 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NFLX shares. HSBC lowered shares of Netflix from a “buy” rating to a “hold” rating and dropped their price objective for the company from $96.00 to $76.00 in a research note on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft set a $93.00 target price on shares of Netflix in a research report on Wednesday, October 21st. CICC Research lowered their target price on shares of Netflix from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Pivotal Research reaffirmed a “hold” rating and issued a $65.00 price target (down from $70.00) on shares of Netflix in a research report on Wednesday, October 21st. Finally, Wells Fargo & Company downgraded Netflix from a “neutral” rating to an “underweight” rating and cut their price target for the company from $80.00 to $57.00 in a research note on Friday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.14.

Insider Activity

In other news, CEO Theodore Sarandos sold 27,312 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $66.20, for a total value of $1,808,054.40. Following the transaction, the chief executive officer owned 178,954 shares in the company, valued at $11,846,754.80. The trade was a 13.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard Barton sold 720 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $75.27, for a total value of $54,194.40. Following the completion of the transaction, the director directly owned 2,460 shares of the company’s stock, valued at approximately $185,164.20. This represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 61,712 shares of company stock worth $4,051,144. Corporate insiders own 1.24% of the company’s stock.

Netflix Price Performance

NFLX opened at $63.41 on Monday. Netflix, Inc. has a 1 year low of $61.39 and a 1 year high of $116.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $260.38 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 0.93 and a beta of 1.62. The firm’s fifty day moving average price is $71.03 and its two-hundred day moving average price is $80.97.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, beating the consensus estimate of $0.82 by $0.05. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The company had revenue of $12.87 billion during the quarter, compared to the consensus estimate of $12.87 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, analysts anticipate that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix ordered Other Worlds: A Stranger Things Adventure, a live-action prequel series. Extending a popular franchise could support viewer engagement, though the financial impact and timing are not yet clear. Article: Stranger Things prequel series
• Positive Sentiment: A valuation analysis argues NFLX could be undervalued, estimating about 23% upside to fair value. This offers a counterpoint to recent weakness, but is an analyst view rather than a company announcement. Article: Netflix stock fair-value analysis
• Neutral Sentiment: CEO Ted Sarandos and CFO Spencer Neumann disclosed share sales, but the transactions were made to cover tax withholding on vested equity awards. That stated purpose makes them a less clear signal about management’s view of the stock. Article: Netflix insider share sales
• Negative Sentiment: Coverage noted NFLX slipping even with the new Stranger Things plans, suggesting the content announcement has not eased near-term selling pressure. The shares are also near their 52-week low and far below their 52-week high, reflecting a weak recent trend. Article: Netflix stock slips despite new Stranger Things plans

Netflix Company Profile

Netflix, Inc is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand.

Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.