Jefferies Financial Group Inc. Raises Holdings in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Jefferies Financial Group Inc. increased its stake in Netflix, Inc. by 50.8% in the 1st quarter, bringing its total holdings to 5,910 shares valued at approximately $5.51 million.
• Multiple institutional investors have also increased their positions in Netflix, with Resurgent Financial Advisors LLC boosting their holdings by 234.4% during the same period.
• Netflix reported earnings of $7.19 per share for its latest quarter, exceeding analyst predictions, and had a revenue of $11.08 billion, marking a 15.9% year-over-year increase.

Jefferies Financial Group Inc. increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 50.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,910 shares of the Internet television network's stock after buying an additional 1,992 shares during the period. Jefferies Financial Group Inc.'s holdings in Netflix were worth $5,512,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Resurgent Financial Advisors LLC boosted its holdings in shares of Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after buying an additional 708 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after acquiring an additional 110,432 shares during the last quarter. PharVision Advisers LLC acquired a new position in shares of Netflix during the fourth quarter valued at about $873,000. New England Research & Management Inc. increased its holdings in shares of Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after acquiring an additional 1,268 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Netflix by 6.1% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,638 shares of the Internet television network's stock valued at $50,952,000 after purchasing an additional 3,137 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Trading Down 0.1%

NFLX opened at $1,158.60 on Friday. The firm's fifty day moving average price is $1,234.32 and its 200 day moving average price is $1,082.35. The stock has a market capitalization of $492.32 billion, a PE ratio of 49.37, a P/E/G ratio of 1.95 and a beta of 1.59. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating 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 period in the previous year, the company earned $4.88 earnings per share. Netflix's quarterly revenue was up 15.9% on a year-over-year basis. As a group, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Robert W. Baird increased their price objective on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. Canaccord Genuity Group reissued a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Finally, Cfra Research upgraded Netflix to a "strong-buy" rating in a report on Monday, April 28th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average price target of $1,297.66.

Insider Activity at Netflix

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of Netflix stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the transaction, the director directly owned 63,040 shares in the company, valued at $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Strive Masiyiwa sold 290 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total value of $387,596.60. The disclosure for this sale can be found here. Insiders sold 123,830 shares of company stock valued at $153,102,930 in the last ninety days. 1.37% of the stock is owned by insiders.

About Netflix

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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