Jefferies Financial Group Inc. Sells 1,536 Shares of Netflix, Inc. (NASDAQ:NFLX)

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. RMR Wealth Builders increased its stake in shares of Netflix by 4.8% in the fourth quarter. RMR Wealth Builders now owns 4,863 shares of the Internet television network's stock worth $4,335,000 after purchasing an additional 221 shares in the last quarter. Czech National Bank boosted its holdings in Netflix by 6.0% in the 4th quarter. Czech National Bank now owns 92,682 shares of the Internet television network's stock worth $82,609,000 after buying an additional 5,257 shares during the period. Aprio Wealth Management LLC grew its stake in Netflix by 15.6% in the 4th quarter. Aprio Wealth Management LLC now owns 2,186 shares of the Internet television network's stock valued at $1,948,000 after buying an additional 295 shares in the last quarter. Matrix Trust Co bought a new stake in Netflix during the 4th quarter valued at $162,000. Finally, Fiduciary Alliance LLC purchased a new stake in shares of Netflix during the fourth quarter worth $349,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Up 2.3%

Shares of NASDAQ:NFLX traded up $26.99 on Thursday, hitting $1,177.98. The company had a trading volume of 4,456,592 shares, compared to its average volume of 3,765,920. The firm's 50-day simple moving average is $997.19 and its two-hundred day simple moving average is $939.66. The firm has a market capitalization of $501.31 billion, a price-to-earnings ratio of 59.40, a P/E/G ratio of 2.12 and a beta of 1.58. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,187.45.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $10.54 billion during 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 in the prior year, the firm earned $8.28 earnings per share. Equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ann Mather sold 1,358 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total value of $1,561,700.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Bradford L. Smith sold 3,919 shares of the stock in a transaction on 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 now owns 7,969 shares of the company's stock, valued at approximately $8,959,227.94. This trade represents a 32.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 132,868 shares of company stock worth $138,483,256 in the last quarter. 1.76% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Phillip Securities raised shares of Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. Sanford C. Bernstein raised shares of Netflix from a "market perform" rating to an "outperform" rating and raised their price target for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Wolfe Research upgraded Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price objective on the stock in a research report on Thursday, January 23rd. Finally, Piper Sandler set a $1,150.00 price objective on Netflix and gave the company an "overweight" rating in a research note on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average target price of $1,084.91.

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.