Netflix, Inc. $NFLX Shares Sold by Jones Financial Companies Lllp

Jones Financial Companies Lllp cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 72.6% during the first quarter, Holdings Channel reports. The firm owned 6,317 shares of the Internet television network’s stock after selling 16,727 shares during the quarter. Jones Financial Companies Lllp’s holdings in Netflix were worth $5,891,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NFLX. Fullcircle Wealth LLC lifted its holdings in Netflix by 2.5% during the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network’s stock worth $344,000 after buying an additional 9 shares in the last quarter. Capital Analysts LLC increased its position in shares of Netflix by 0.3% during the first quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network’s stock worth $2,443,000 after acquiring an additional 9 shares during the period. Enterprise Financial Services Corp raised its stake in shares of Netflix by 1.8% in the first quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network’s stock valued at $471,000 after acquiring an additional 9 shares in the last quarter. Continuum Wealth Advisors LLC boosted its holdings in Netflix by 4.4% in the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network’s stock valued at $219,000 after purchasing an additional 10 shares during the period. Finally, Financial Enhancement Group LLC grew its stake in Netflix by 2.5% during the 1st quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network’s stock worth $384,000 after purchasing an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NFLX. KeyCorp increased their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. UBS Group restated a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Wells Fargo & Company boosted their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $1,500.00 price objective on shares of Netflix in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $1,317.58.

Insider Buying and Selling at Netflix

In other Netflix news, Director Reed Hastings sold 25,959 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the transaction, the director directly owned 394 shares of the company’s stock, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,348 shares of company stock valued at $109,498,489. Insiders own 1.37% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $1,263.25 on Wednesday. The stock’s 50-day moving average is $1,222.86 and its two-hundred day moving average is $1,127.68. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a 1 year low of $660.80 and a 1 year high of $1,341.15. The firm has a market cap of $536.79 billion, a price-to-earnings ratio of 53.82, a PEG ratio of 2.10 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.