UMB Bank n.a. Decreases Stock Position in Netflix, Inc. $NFLX

Key Points

• UMB Bank n.a. reduced its stake in Netflix by 3.1% in Q2, now holding 32,903 shares valued at approximately $44 million.
• Netflix's stock price rose 1.6%, reaching $1,226.97, with a market cap of $521.38 billion.
• CEO Theodore A. Sarandos and COO Gregory K. Peters both sold over 2,000 shares of Netflix, indicating reduced personal investment in the company.

UMB Bank n.a. cut its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,903 shares of the Internet television network's stock after selling 1,058 shares during the quarter. UMB Bank n.a.'s holdings in Netflix were worth $44,061,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NFLX. Fullcircle Wealth LLC raised its position in Netflix by 2.5% during the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after purchasing an additional 9 shares in the last quarter. Capital Analysts LLC increased its stake in shares of Netflix by 0.3% in the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock worth $2,443,000 after purchasing an additional 9 shares in the last quarter. Enterprise Financial Services Corp boosted its holdings in shares of Netflix by 1.8% during the 1st quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock valued at $471,000 after purchasing an additional 9 shares during the last quarter. Sunpointe LLC lifted its holdings in shares of Netflix by 1.4% in the 2nd quarter. Sunpointe LLC now owns 644 shares of the Internet television network's stock valued at $862,000 after acquiring an additional 9 shares during the last quarter. Finally, Continuum Wealth Advisors LLC increased its position in shares of Netflix by 4.4% during the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock worth $219,000 after acquiring an additional 10 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Up 1.6%

Shares of NASDAQ NFLX opened at $1,226.97 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The company has a market cap of $521.38 billion, a price-to-earnings ratio of 52.28, a price-to-earnings-growth ratio of 2.03 and a beta of 1.60. The firm's 50-day simple moving average is $1,212.49 and its 200 day simple moving average is $1,139.63.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the company posted $4.88 EPS. Netflix's revenue for the quarter was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,348 shares of company stock valued at $109,498,489. Corporate insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on NFLX shares. Phillip Securities cut shares of Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. UBS Group restated a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. Rosenblatt Securities raised their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Robert W. Baird boosted their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, Barclays reiterated a "sell" rating and set a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,328.87.

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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