Provident Co of the Employees of the Hebrew University LTD Sells 1,940 Shares of Netflix, Inc. (NASDAQ:NFLX)

Provident Co of the Employees of the Hebrew University LTD cut its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 51.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,809 shares of the Internet television network's stock after selling 1,940 shares during the quarter. Netflix comprises about 1.9% of Provident Co of the Employees of the Hebrew University LTD's investment portfolio, making the stock its 23rd biggest holding. Provident Co of the Employees of the Hebrew University LTD's holdings in Netflix were worth $1,686,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC raised its holdings in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after acquiring an additional 257 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares in the last quarter. Maia Wealth LLC increased its position in Netflix by 3.2% in the fourth quarter. Maia Wealth LLC now owns 681 shares of the Internet television network's stock worth $662,000 after purchasing an additional 21 shares during the period. Modera Wealth Management LLC lifted its holdings in Netflix by 17.7% in the fourth quarter. Modera Wealth Management LLC now owns 2,070 shares of the Internet television network's stock valued at $1,845,000 after buying an additional 312 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of Netflix by 45.4% in the 4th quarter. Jones Financial Companies Lllp now owns 23,044 shares of the Internet television network's stock worth $20,540,000 after purchasing an additional 7,190 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $1,132.38, for a total transaction of $2,945,320.38. Following the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,179,614.58. This trade represents a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Bradford L. Smith sold 3,919 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the completion of the transaction, the director directly owned 7,969 shares of the company's stock, valued at approximately $8,959,227.94. The trade was a 32.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 186,723 shares of company stock valued at $223,307,201 over the last three months. 1.37% of the stock is currently owned by corporate insiders.

Netflix Price Performance

NASDAQ:NFLX traded up $10.38 during mid-day trading on Thursday, reaching $1,295.24. The stock had a trading volume of 2,005,160 shares, compared to its average volume of 3,752,263. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $551.21 billion, a PE ratio of 61.21, a P/E/G ratio of 2.50 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 stock has a 50-day simple moving average of $1,200.03 and a two-hundred day simple moving average of $1,031.42.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The business had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the prior year, the company earned $8.28 EPS. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research reports. Canaccord Genuity Group boosted their price objective on shares of Netflix from $1,380.00 to $1,525.00 and gave the stock a "buy" rating in a research report on Wednesday. Needham & Company LLC reissued a "buy" rating and set a $1,126.00 price target on shares of Netflix in a research report on Thursday, April 17th. BMO Capital Markets restated an "outperform" rating and issued a $1,200.00 price objective (up previously from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Finally, The Goldman Sachs Group raised their target price on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research note on Wednesday. Eleven equities research 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 MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus price target of $1,182.58.

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.