Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Swedbank AB

Swedbank AB increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 466,765 shares of the Internet television network’s stock after buying an additional 1,557 shares during the period. Swedbank AB owned about 0.11% of Netflix worth $416,037,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Magnolia Capital Advisors LLC raised its stake in shares of Netflix by 3.0% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 961 shares of the Internet television network’s stock worth $649,000 after buying an additional 28 shares in the last quarter. Kimelman & Baird LLC bought a new position in Netflix in the 2nd quarter worth $253,000. Advisory Alpha LLC lifted its holdings in shares of Netflix by 1.5% during the second quarter. Advisory Alpha LLC now owns 1,587 shares of the Internet television network’s stock worth $1,071,000 after buying an additional 23 shares during the last quarter. Ted Buchan & Co bought a new stake in shares of Netflix in the second quarter valued at about $1,091,000. Finally, Heartland Bank & Trust Co increased its holdings in Netflix by 0.9% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after buying an additional 15 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX traded down $1.98 during trading hours on Wednesday, reaching $969.85. 704,198 shares of the company traded hands, compared to its average volume of 4,464,701. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $999.00. The business has a fifty day moving average price of $899.64 and a 200-day moving average price of $772.71. The stock has a market capitalization of $414.57 billion, a P/E ratio of 49.01, a P/E/G ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $2.11 EPS. Equities analysts anticipate that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,117 shares of company stock valued at $123,913,691. 1.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NFLX has been the topic of several recent analyst reports. Guggenheim boosted their target price on Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group raised their price target on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and lifted their target price for the company from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $1,150.00 price objective (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

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.