Jefferies Group LLC Buys 14,518 Shares of Netflix, Inc. (NASDAQ:NFLX)

Jefferies Group LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 309.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 19,217 shares of the Internet television network’s stock after acquiring an additional 14,518 shares during the quarter. Jefferies Group LLC’s holdings in Netflix were worth $7,059,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Netflix by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 32,688,805 shares of the Internet television network’s stock worth $12,007,252,000 after buying an additional 1,118,349 shares during the last quarter. FMR LLC increased its stake in shares of Netflix by 2.4% in the first quarter. FMR LLC now owns 26,167,019 shares of the Internet television network’s stock valued at $9,330,112,000 after buying an additional 605,419 shares during the period. Baillie Gifford & Co. increased its stake in shares of Netflix by 2.2% in the second quarter. Baillie Gifford & Co. now owns 7,743,499 shares of the Internet television network’s stock valued at $2,844,343,000 after buying an additional 163,289 shares during the period. Invesco Ltd. increased its stake in shares of Netflix by 39.1% in the second quarter. Invesco Ltd. now owns 7,249,377 shares of the Internet television network’s stock valued at $2,662,841,000 after buying an additional 2,039,046 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Netflix by 1.3% in the second quarter. Northern Trust Corp now owns 5,011,246 shares of the Internet television network’s stock valued at $1,840,730,000 after buying an additional 62,742 shares during the period. Hedge funds and other institutional investors own 78.96% of the company’s stock.

NASDAQ:NFLX traded down $11.55 during trading hours on Friday, hitting $275.05. 3,281,848 shares of the company’s stock traded hands, compared to its average volume of 5,647,975. The firm has a market cap of $130.74 billion, a P/E ratio of 102.63, a P/E/G ratio of 3.06 and a beta of 1.24. Netflix, Inc. has a 52 week low of $231.23 and a 52 week high of $386.80. The business’s fifty day simple moving average is $299.48 and its two-hundred day simple moving average is $343.85. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.06.



Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Wednesday, July 17th. The Internet television network reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The company had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.93 billion. Netflix had a return on equity of 20.88% and a net margin of 6.53%. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter last year, the company earned $0.85 earnings per share. On average, analysts expect that Netflix, Inc. will post 3.25 EPS for the current year.

In other Netflix news, Director Ann Mather sold 1,208 shares of Netflix stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $375.00, for a total transaction of $453,000.00. Following the completion of the sale, the director now owns 357 shares of the company’s stock, valued at $133,875. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Reed Hastings sold 55,342 shares of Netflix stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $309.54, for a total value of $17,130,562.68. Following the sale, the chief executive officer now directly owns 55,342 shares of the company’s stock, valued at approximately $17,130,562.68. The disclosure for this sale can be found here. Insiders have sold 160,717 shares of company stock valued at $52,621,735 in the last three months. 4.29% of the stock is owned by corporate insiders.

Several brokerages have recently weighed in on NFLX. Royal Bank of Canada set a $450.00 price target on Netflix and gave the company a “buy” rating in a research note on Monday, August 26th. Citigroup decreased their price target on Netflix from $420.00 to $410.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. BMO Capital Markets decreased their price target on Netflix from $470.00 to $440.00 and set an “outperform” rating for the company in a research note on Thursday, July 18th. Morgan Stanley set a $450.00 price target on Netflix and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, ValuEngine cut Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $390.58.

About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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