From JP Morgan to Reed Hastings, here’s who has the most at stake ahead of Netflix earnings (NFLX)


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Netflix is set to report first-quarter earnings after the bell on Tuesday.
Shares of the streaming giant have enjoyed an impressive 50% rally since last year’s market sell-off, but are currently trading at six-week lows.
Markets Insider has compiled a list of Netflix’s largest shareholders to gauge which firms and individuals stand to lose or gain the most in the wake of Tuesday’s market-moving event.
Watch Netflix trade live.

The streaming giant Netflix is scheduled to release its first-quarter earnings after the bell on Tuesday. Whichever way the stock moves will have significant implications for its biggest shareholders, — the largest of which holds 9% of all outstanding shares. To be sure, BlackRock, JPMorgan, and other firms own shares for their clients.

Ahead of the company’s results, Markets Insider has compiled a list of Netflix’s largest shareholders, which include CEO Reed Hastings, investment banks like JP Morgan, and asset managers like BlackRock.

To be sure, the options market is signaling a move between 7% and 8% in either direction, which is slightly elevated when compared to the average performance over the last four- and eight-quarters, according to a Susquehanna analysis. after earnings are released. Shares have already surged 50% since the broader market sell-off in December, though they’re still trading 17% below their all-time high hit last June.

“Put differently, the options appear to be pricing in a similar amount of risk as they have ahead of the most recent few quarters,” Chris Jacobson, a derivatives strategist at Susquehanna, said in an e-mail.

More broadly, Wall Street analysts will be paying close attention to the company’s subscriber growth and cash burn after a mixed earnings picture last quarter.

The company’s paid net additions are also likely to be top of mind after Netflix guided first-quarter net additions to be the second-smallest sequential increase …read more

Source:: Business Insider

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