Netflix, Inc. (NASDAQ:NFLX) is Jupiter Asset Management Ltd.'s 7th Largest Position

Key Points

• Jupiter Asset Management Ltd. reduced its stake in Netflix, Inc. by 2.9%, now holding 139,082 shares valued at approximately $129.7 million, making it the firm's 7th largest position.
• Netflix reported a quarterly earnings per share of $7.19, exceeding analyst expectations, with revenue of $11.08 billion, marking a year-over-year increase of 15.9%.
• Analysts have varying opinions on Netflix's stock, with a consensus price target of $1,297.66, indicating a moderate buy rating alongside a mix of buy, hold, and sell recommendations from different firms.

Jupiter Asset Management Ltd. reduced its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,082 shares of the Internet television network's stock after selling 4,162 shares during the period. Netflix comprises 1.2% of Jupiter Asset Management Ltd.'s investment portfolio, making the stock its 7th largest position. Jupiter Asset Management Ltd.'s holdings in Netflix were worth $129,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of NFLX. Fullcircle Wealth LLC lifted its holdings in Netflix by 2.5% in the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after buying an additional 9 shares during the period. Mission Creek Capital Partners Inc. boosted its holdings in shares of Netflix by 0.3% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after buying an additional 10 shares in the last quarter. Continuum Wealth Advisors LLC grew its position in shares of Netflix by 4.4% in the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock worth $219,000 after buying an additional 10 shares during the period. Financial Enhancement Group LLC increased its stake in shares of Netflix by 2.5% in the 1st quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock worth $384,000 after acquiring an additional 10 shares in the last quarter. Finally, Saxony Capital Management LLC lifted its position in Netflix by 1.4% during the 1st quarter. Saxony Capital Management LLC now owns 707 shares of the Internet television network's stock valued at $659,000 after acquiring an additional 10 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Down 0.1%

Shares of NFLX stock opened at $1,158.60 on Friday. The company has a market capitalization of $492.32 billion, a P/E ratio of 49.37, a price-to-earnings-growth ratio of 1.95 and a beta of 1.59. 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 business's 50 day moving average is $1,234.32 and its two-hundred day moving average is $1,082.35. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly 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 net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the prior year, the company posted $4.88 earnings per share. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. Equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NFLX shares. TD Cowen lifted their price objective on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Bank of America upped their price target on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Phillip Securities lowered shares of Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. Citigroup reaffirmed a "neutral" rating and issued a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Finally, Piper Sandler increased their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,297.66.

Insider Transactions at Netflix

In related news, Director Strive Masiyiwa sold 290 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1,336.54, for a total value of $387,596.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,824,949.02. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,830 shares of company stock valued at $153,102,930. 1.37% of the stock is owned by company insiders.

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.

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