Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Alecta Tjanstepension Omsesidigt

Alecta Tjanstepension Omsesidigt cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 21.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 524,200 shares of the Internet television network’s stock after selling 146,500 shares during the period. Netflix comprises approximately 2.5% of Alecta Tjanstepension Omsesidigt’s investment portfolio, making the stock its 11th biggest holding. Alecta Tjanstepension Omsesidigt owned approximately 0.12% of Netflix worth $467,178,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. AMF Tjanstepension AB lifted its stake in shares of Netflix by 7.4% in the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after purchasing an additional 4,701 shares during the period. Swedbank AB increased its holdings in Netflix by 1.8% in the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after buying an additional 8,024 shares in the last quarter. Pallas Capital Advisors LLC raised its position in shares of Netflix by 10.3% in the third quarter. Pallas Capital Advisors LLC now owns 3,866 shares of the Internet television network’s stock worth $2,917,000 after acquiring an additional 361 shares during the period. Boston Financial Mangement LLC boosted its stake in shares of Netflix by 1.1% during the 3rd quarter. Boston Financial Mangement LLC now owns 1,891 shares of the Internet television network’s stock worth $1,341,000 after acquiring an additional 20 shares in the last quarter. Finally, Better Money Decisions LLC increased its stake in shares of Netflix by 14.4% in the 3rd quarter. Better Money Decisions LLC now owns 793 shares of the Internet television network’s stock valued at $562,000 after purchasing an additional 100 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 303,220 shares of company stock worth $289,856,164. 1.76% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays upgraded Netflix from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. KeyCorp lifted their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Bank of America upped their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Macquarie boosted their price objective on Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $990.06 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $423.51 billion, a price-to-earnings ratio of 49.93, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. The stock’s 50-day moving average is $945.07 and its two-hundred day moving average is $827.46. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the firm earned $2.11 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.