Jones Financial Companies Lllp Reduces Position in Netflix, Inc. $NFLX

Key Points

• Jones Financial Companies Lllp has significantly reduced its stake in Netflix, Inc. by 72.6%, now holding 6,317 shares valued at approximately $5.89 million.
• Multiple institutional investors have increased their stakes in Netflix, with Resurgent Financial Advisors raising holdings by 234.4% during the first quarter.
• Netflix's stock recently opened at $1,263.25, reflecting a 1.5% increase, while the company reported $7.19 EPS for the previous quarter, exceeding expectations.

Jones Financial Companies Lllp trimmed its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 72.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,317 shares of the Internet television network's stock after selling 16,727 shares during the period. Jones Financial Companies Lllp's holdings in Netflix were worth $5,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC increased its holdings in Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after buying an additional 708 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Netflix by 42.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock worth $412,059,000 after purchasing an additional 130,946 shares during the last quarter. PharVision Advisers LLC acquired a new position in Netflix during the fourth quarter valued at $873,000. New England Research & Management Inc. raised its stake in shares of Netflix by 148.5% during the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after buying an additional 1,268 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Netflix by 12.3% in the 1st quarter. NewEdge Advisors LLC now owns 52,760 shares of the Internet television network's stock valued at $49,201,000 after buying an additional 5,776 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Up 1.5%

NFLX stock opened at $1,263.25 on Wednesday. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15. The firm has a market cap of $536.79 billion, a PE ratio of 53.82, a PEG ratio of 2.10 and a beta of 1.60. The firm's 50 day moving average price is $1,222.86 and its 200-day moving average price 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 (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter last year, the firm earned $4.88 earnings per share. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,457,842.16. This trade represents a 41.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Cletus R. Willems sold 238 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock worth $109,498,489 in the last 90 days. Insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Oppenheimer lifted their price objective on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. UBS Group reissued a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. Finally, Citigroup reissued a "neutral" rating and issued a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,317.58.

Netflix Company 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.

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