Fjarde AP Fonden Fourth Swedish National Pension Fund Has $87.37 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,686 shares of the Internet television network’s stock after buying an additional 3,600 shares during the quarter. Netflix makes up approximately 1.0% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s portfolio, making the stock its 19th biggest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Netflix were worth $87,365,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. Fullcircle Wealth LLC lifted its stake in shares of Netflix by 2.5% in the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network’s stock valued at $344,000 after purchasing an additional 9 shares during the period. Mission Creek Capital Partners Inc. raised its stake in Netflix by 0.3% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network’s stock worth $3,410,000 after buying an additional 10 shares during the period. Continuum Wealth Advisors LLC raised its stake in Netflix by 4.4% during the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network’s stock worth $219,000 after buying an additional 10 shares during the period. Financial Enhancement Group LLC raised its stake in Netflix by 2.5% during the 1st quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network’s stock worth $384,000 after buying an additional 10 shares during the period. Finally, Saxony Capital Management LLC raised its stake in Netflix by 1.4% during the 1st quarter. Saxony Capital Management LLC now owns 707 shares of the Internet television network’s stock worth $659,000 after buying an additional 10 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Down 1.7%

Netflix stock opened at $1,204.44 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The business’s fifty day simple moving average is $1,231.68 and its two-hundred day simple moving average is $1,098.52. Netflix, Inc. has a 12 month low of $648.70 and a 12 month high of $1,341.15. The company has a market capitalization of $511.80 billion, a price-to-earnings ratio of 51.32, a price-to-earnings-growth ratio of 2.06 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.88 earnings per share. As a group, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NFLX shares. Morgan Stanley reaffirmed an “equal weight” rating on shares of Netflix in a research note on Monday, July 21st. Macquarie boosted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Monday, April 21st. KeyCorp boosted their price objective on Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. BMO Capital Markets reissued an “outperform” rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Finally, Oppenheimer boosted their price objective on Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a report on Thursday, June 12th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,297.66.

Insiders Place Their Bets

In related news, Director Jay C. Hoag sold 31,750 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the sale, the director owned 63,040 shares in the company, valued at approximately $78,948,144. This represents a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reed Hastings sold 26,933 shares of the company’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total value of $32,633,638.78. Following the sale, the director owned 394 shares of the company’s stock, valued at approximately $477,394.04. This trade represents a 98.56% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 146,307 shares of company stock valued at $179,443,809. Company insiders own 1.37% of the company’s stock.

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.