Jump Financial LLC Sells 20,866 Shares of Netflix, Inc. $NFLX

Key Points

• Jump Financial LLC significantly reduced its stake in Netflix, selling 20,866 shares and now holding only 932 shares worth $869,000.
• A variety of institutional investors increased their holdings in Netflix, with Groupe la Francaise raising its position by 119.3% during the first quarter.
• Netflix's stock received mixed ratings from analysts, with targets ranging from $1,070 to $1,500, and a consensus rating of "Moderate Buy".

Jump Financial LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 95.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 932 shares of the Internet television network's stock after selling 20,866 shares during the quarter. Jump Financial LLC's holdings in Netflix were worth $869,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new stake in Netflix during the 4th quarter valued at about $27,000. Copia Wealth Management purchased a new stake in Netflix during the 4th quarter valued at about $37,000. Stuart Chaussee & Associates Inc. boosted its holdings in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after acquiring an additional 45 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in Netflix during the 1st quarter valued at about $42,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 685 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,161.21, for a total transaction of $795,428.85. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,286,026.11. This trade represents a 15.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 123,163 shares of company stock valued at $151,917,174 in the last three months. 1.37% of the stock is currently owned by insiders.

Netflix Trading Down 1.9%

NASDAQ NFLX traded down $23.20 on Friday, hitting $1,208.25. The company's stock had a trading volume of 3,206,585 shares, compared to its average volume of 2,696,834. Netflix, Inc. has a 52-week low of $660.80 and a 52-week high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company's 50-day simple moving average is $1,231.11 and its 200 day simple moving average is $1,118.03. The firm has a market cap of $513.42 billion, a P/E ratio of 51.48, a PEG ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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 firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the company earned $4.88 EPS. The business's 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. Research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NFLX shares. Sanford C. Bernstein increased their target price on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Piper Sandler increased their target price on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Citigroup restated a "neutral" rating and set a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. JPMorgan Chase & Co. increased their target price on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Finally, UBS Group restated a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and a consensus price target of $1,297.66.

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.