Avanza Fonder AB Purchases Shares of 29,538 Netflix, Inc. (NASDAQ:NFLX)

Avanza Fonder AB purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 29,538 shares of the Internet television network’s stock, valued at approximately $26,328,000. Netflix comprises 0.8% of Avanza Fonder AB’s investment portfolio, making the stock its 17th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in Netflix in the 3rd quarter valued at $37,000. FSA Wealth Management LLC bought a new position in Netflix in the 3rd quarter valued at $38,000. Finally, First Personal Financial Services acquired a new position in Netflix in the third quarter worth $40,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the transaction, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. This represents a 99.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,198 shares of company stock worth $127,616,898. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NFLX shares. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Saturday, December 21st. Benchmark boosted their target price on shares of Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research note on Friday, January 3rd. Loop Capital decreased their price target on shares of Netflix from $950.00 to $925.00 and set a “hold” rating on the stock in a research note on Thursday. Barclays raised their price target on shares of Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a report on Tuesday. Finally, Bank of America upped their price target on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $845.06.

Netflix Price Performance

Shares of NFLX opened at $855.20 on Friday. The company has a market cap of $365.56 billion, a price-to-earnings ratio of 48.40, a PEG ratio of 1.35 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $882.41 and its 200 day simple moving average is $756.61. Netflix, Inc. has a 1-year low of $476.06 and a 1-year high of $941.75.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. On average, research analysts forecast that Netflix, Inc. will post 19.78 earnings per share 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.