Tredje AP fonden Has $52.22 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Tredje AP fonden lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.8% during the second quarter, Holdings Channel reports. The fund owned 77,383 shares of the Internet television network’s stock after acquiring an additional 2,827 shares during the quarter. Tredje AP fonden’s holdings in Netflix were worth $52,224,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in NFLX. Denver PWM LLC acquired a new position in shares of Netflix during the 2nd quarter worth about $25,000. Valued Wealth Advisors LLC boosted its position in shares of Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 20 shares during the period. VitalStone Financial LLC increased its position in Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 56 shares during the period. Beaird Harris Wealth Management LLC raised its stake in Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares during the last quarter. Finally, Scarborough Advisors LLC bought a new position in shares of Netflix during the 4th quarter worth about $32,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 196,798 shares of company stock worth $129,552,672. 1.76% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Citigroup increased their price objective on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Bank of America increased their price target on shares of Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. China Renaissance began coverage on Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 target price for the company. Finally, Morgan Stanley boosted their price target on Netflix from $700.00 to $780.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $685.29.

Netflix Stock Up 1.5 %

Netflix stock opened at $706.91 on Wednesday. The company has a 50 day moving average of $660.64 and a 200-day moving average of $639.15. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $711.33. The stock has a market capitalization of $304.68 billion, a PE ratio of 49.06, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. During the same period in the prior year, the business earned $3.29 EPS. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, equities research analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

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.