Jefferies Financial Group Inc. Has $3.49 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Jefferies Financial Group Inc. cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 28.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,918 shares of the Internet television network's stock after selling 1,536 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Netflix were worth $3,492,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NFLX. Janus Henderson Group PLC increased its position 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 valued at $1,227,468,000 after purchasing an additional 110,432 shares during the period. PharVision Advisers LLC bought a new stake in Netflix in the 4th quarter valued at $873,000. First National Trust Co raised its stake in shares of Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after buying an additional 12 shares in the last quarter. Haven Private LLC acquired a new position in shares of Netflix in the 4th quarter valued at $733,000. Finally, Sigma Planning Corp lifted its holdings in shares of Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock worth $4,966,000 after acquiring an additional 386 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 25,360 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the sale, the chairman now owns 394 shares of the company's stock, valued at $362,933.10. The trade was a 98.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jay C. Hoag sold 32,515 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the transaction, the director now directly owns 79,040 shares of the company's stock, valued at approximately $87,099,708.80. This trade represents a 29.15% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 133,348 shares of company stock valued at $139,087,908. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Up 0.9%

Shares of NASDAQ NFLX traded up $10.90 during mid-day trading on Friday, reaching $1,195.76. 1,637,103 shares of the company's stock were exchanged, compared to its average volume of 4,614,223. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,215.91. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $508.88 billion, a price-to-earnings ratio of 60.29, a PEG ratio of 2.12 and a beta of 1.58. The business has a fifty day simple moving average of $1,055.18 and a 200 day simple moving average of $971.66.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period last year, the company posted $8.28 EPS. As a group, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on NFLX shares. Piper Sandler set a $1,150.00 price objective on Netflix and gave the company an "overweight" rating in a report on Monday, April 21st. Wedbush reissued an "outperform" rating and set a $1,200.00 price target on shares of Netflix in a report on Monday, May 5th. FBN Securities assumed coverage on shares of Netflix in a research report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price target on the stock. Canaccord Genuity Group raised their price objective on shares of Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Rosenblatt Securities boosted their target price on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Netflix has an average rating of "Moderate Buy" and an average price target of $1,122.33.

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.