StoneX Group Inc. Sells 17,422 Shares of Netflix, Inc. $NFLX

StoneX Group Inc. lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 31.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 quarter.

Other hedge funds also recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd bought a new position in Netflix during the second quarter valued at $26,000. Pathway Financial Advisers LLC purchased a new position in shares of Netflix during the 3rd quarter valued at $26,000. Sawyer & Company Inc purchased a new position in shares of Netflix during the 3rd quarter valued at $27,000. Compound Global Advisors LLC bought a new position in shares of Netflix during the 2nd quarter worth $29,000. Finally, Burnham & Co LLC bought a new position in shares of Netflix during the 2nd quarter worth $29,000. Institutional investors own 80.93% of the company’s stock.

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

Wall Street Analysts Forecast Growth

NFLX has been the subject of several recent research reports. Phillip Securities lowered Netflix from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, October 23rd. Pivotal Research reaffirmed a “hold” rating and set a $65.00 price objective (down from $70.00) on shares of Netflix in a report on Wednesday, October 21st. Argus set a $95.00 price objective on shares of Netflix and gave the company a “buy” rating in a report on Thursday, October 22nd. CICC Research cut their target price on shares of Netflix from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, July 21st. Finally, Daiwa Securities Group reduced their target price on shares of Netflix from $102.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.14.

Insiders Place Their Bets

In other Netflix news, insider David Hyman sold 5,727 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $64.55, for a total value of $369,677.85. Following the completion of the transaction, the insider owned 166,100 shares in the company, valued at $10,721,755. This trade represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theodore Sarandos sold 27,312 shares of Netflix stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $66.20, for a total value of $1,808,054.40. Following the transaction, the chief executive officer directly owned 178,954 shares of the company’s stock, valued at $11,846,754.80. The trade was a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 61,712 shares of company stock worth $4,051,144 over the last quarter. Insiders own 1.24% of the company’s stock.

Netflix Stock Performance

NASDAQ: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 stock’s fifty day moving average price is $71.03 and its two-hundred day moving average price is $80.97. 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 cap of $260.38 billion, a P/E ratio of 18.33, a P/E/G ratio of 0.93 and a beta of 1.62.

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

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.