Stifel Financial Corp Sells 4,156 Shares of Netflix, Inc. (NASDAQ:NFLX)

Stifel Financial Corp cut its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 482,298 shares of the Internet television network's stock after selling 4,156 shares during the quarter. Stifel Financial Corp owned about 0.11% of Netflix worth $429,883,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NFLX. Wealth Dimensions Group Ltd. increased its holdings in shares of Netflix by 7.9% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 667 shares of the Internet television network's stock worth $595,000 after purchasing an additional 49 shares during the period. TD Waterhouse Canada Inc. grew its holdings in shares of Netflix by 5.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 47,227 shares of the Internet television network's stock worth $42,090,000 after purchasing an additional 2,343 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Netflix by 96.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 43,544 shares of the Internet television network's stock valued at $38,812,000 after purchasing an additional 21,413 shares during the last quarter. Tradition Wealth Management LLC increased its holdings in shares of Netflix by 40.7% during the fourth quarter. Tradition Wealth Management LLC now owns 1,209 shares of the Internet television network's stock worth $1,078,000 after buying an additional 350 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in Netflix during the 4th quarter valued at $32,000. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In other news, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 274,472 shares of company stock valued at $268,079,297. 1.76% of the stock is owned by company insiders.

Netflix Stock Up 0.9 %

NASDAQ:NFLX traded up $9.60 during trading hours on Wednesday, hitting $1,049.94. 6,462,015 shares of the company traded hands, compared to its average volume of 3,706,084. Netflix, Inc. has a one year low of $544.25 and a one year high of $1,064.97. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market cap of $449.12 billion, a PE ratio of 52.95, a PEG ratio of 2.12 and a beta of 1.55. The firm's 50-day simple moving average is $954.01 and its 200-day simple moving average is $897.26.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the previous year, the business earned $8.28 EPS. Equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Arete Research upgraded shares of Netflix to a "hold" rating in a research report on Thursday, January 23rd. BMO Capital Markets reiterated an "outperform" rating and issued a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Wells Fargo & Company raised their target price on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research note on Monday. Barclays increased their price target on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Seaport Res Ptn upgraded shares of Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,070.65.

Netflix Company 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.