Jump Financial LLC Lowers Holdings in Netflix, Inc. (NASDAQ:NFLX)

Jump Financial LLC decreased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 43.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 21,798 shares of the Internet television network's stock after selling 16,577 shares during the period. Jump Financial LLC's holdings in Netflix were worth $19,429,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NFLX. Norges Bank bought a new position in shares of Netflix in the 4th quarter valued at $5,019,087,000. Proficio Capital Partners LLC boosted its stake in shares of Netflix by 123,836.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after purchasing an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Netflix by 59.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after purchasing an additional 856,307 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Netflix by 318.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after buying an additional 743,724 shares during the period. Finally, Strategic Financial Concepts LLC raised its holdings in Netflix by 112,896.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network's stock valued at $340,420,000 after buying an additional 381,590 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Up 1.2 %

Netflix stock traded up $11.40 during mid-day trading on Friday, hitting $973.03. The company had a trading volume of 8,733,404 shares, compared to its average volume of 3,723,709. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. 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 stock's 50 day moving average price is $954.87 and its two-hundred day moving average price is $891.82. The company has a market capitalization of $416.22 billion, a PE ratio of 49.07, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. The company 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 in the prior year, the firm posted $8.28 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on NFLX. Oppenheimer restated an "outperform" rating on shares of Netflix in a report on Friday. KeyCorp decreased their price objective on shares of Netflix from $1,100.00 to $1,000.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Wolfe Research raised shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price target on the stock in a research report on Thursday, January 23rd. Canaccord Genuity Group raised Netflix from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Finally, Needham & Company LLC restated a "buy" rating and set a $1,126.00 target price on shares of Netflix in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,023.49.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 41,121 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $30,946,506.10. The trade was a 56.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the company's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Insiders sold a total of 274,312 shares of company stock worth $267,919,297 in the last three months. Insiders own 1.76% of the company's stock.

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.