Netflix, Inc. (NFLX) Position Increased by Fjarde AP Fonden Fourth Swedish National Pension Fund
Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 16.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,360 shares of the Internet television network’s stock after buying an additional 14,428 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Netflix were worth $14,995,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Clean Yield Group acquired a new stake in shares of Netflix during the first quarter valued at $103,000. TD Capital Management LLC acquired a new stake in shares of Netflix during the second quarter valued at $105,000. SRS Capital Advisors Inc. increased its stake in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after buying an additional 706 shares during the last quarter. Harfst & Associates Inc. acquired a new stake in shares of Netflix during the first quarter valued at $109,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock valued at $114,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 82.94% of the company’s stock.
Shares of Netflix, Inc. (NASDAQ NFLX) traded down 1.30% during midday trading on Friday, hitting $165.95. The stock had a trading volume of 4,064,040 shares. Netflix, Inc. has a 52 week low of $93.26 and a 52 week high of $191.50. The stock’s 50-day moving average price is $173.01 and its 200 day moving average price is $155.72. The company has a market cap of $71.65 billion, a price-to-earnings ratio of 201.89 and a beta of 1.02.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the prior year, the company posted $0.09 earnings per share. The firm’s quarterly revenue was up 32.3% on a year-over-year basis. On average, equities analysts forecast that Netflix, Inc. will post $1.19 earnings per share for the current year.
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Several brokerages recently weighed in on NFLX. Raymond James Financial, Inc. restated an “outperform” rating and set a $205.00 target price (up previously from $165.00) on shares of Netflix in a research note on Tuesday, July 18th. Vetr upgraded Netflix from a “sell” rating to a “hold” rating and set a $158.60 target price for the company in a research note on Monday, May 15th. Cantor Fitzgerald increased their target price on Netflix from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Tuesday, June 6th. MKM Partners increased their target price on Netflix from $195.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $200.00 target price (up previously from $175.00) on shares of Netflix in a research note on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-eight have assigned a buy rating to the company. Netflix presently has a consensus rating of “Buy” and an average price target of $176.52.
In other Netflix news, insider Gregory K. Peters sold 6,853 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $164.29, for a total transaction of $1,125,879.37. Following the completion of the sale, the insider now directly owns 19,943 shares of the company’s stock, valued at $3,276,435.47. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Reed Hastings sold 109,214 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the sale, the chief executive officer now directly owns 109,214 shares of the company’s stock, valued at $20,598,852.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 378,288 shares of company stock valued at $63,908,370. 4.90% of the stock is owned by corporate insiders.
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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