Andra AP fonden Lowers Position in Netflix, Inc. (NASDAQ:NFLX)

Andra AP fonden lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 18.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 78,000 shares of the Internet television network’s stock after selling 17,900 shares during the period. Netflix accounts for about 0.9% of Andra AP fonden’s investment portfolio, making the stock its 12th biggest holding. Andra AP fonden’s holdings in Netflix were worth $52,641,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sachetta LLC raised its position in shares of Netflix by 27.4% during the 2nd quarter. Sachetta LLC now owns 121 shares of the Internet television network’s stock valued at $75,000 after purchasing an additional 26 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in Netflix by 3.9% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 3,108 shares of the Internet television network’s stock worth $2,098,000 after buying an additional 118 shares in the last quarter. Global X Japan Co. Ltd. raised its holdings in Netflix by 15.7% during the second quarter. Global X Japan Co. Ltd. now owns 8,470 shares of the Internet television network’s stock valued at $5,716,000 after acquiring an additional 1,147 shares during the period. LGT Fund Management Co Ltd. lifted its position in shares of Netflix by 39.3% in the second quarter. LGT Fund Management Co Ltd. now owns 8,034 shares of the Internet television network’s stock valued at $5,422,000 after acquiring an additional 2,268 shares in the last quarter. Finally, LGT Group Foundation boosted its stake in shares of Netflix by 3,097.5% in the second quarter. LGT Group Foundation now owns 7,674 shares of the Internet television network’s stock worth $5,179,000 after acquiring an additional 7,434 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity

In related news, CEO Gregory K. Peters sold 4,783 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,835,750. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Gregory K. Peters sold 4,783 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,835,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 157,831 shares of company stock worth $102,721,884. 1.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. China Renaissance started coverage on Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 target price on the stock. Oppenheimer reiterated an “outperform” rating and set a $725.00 price objective on shares of Netflix in a research report on Tuesday, July 30th. UBS Group boosted their target price on shares of Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Citigroup raised their target price 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Netflix from $650.00 to $750.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $685.29.

Netflix Trading Up 1.4 %

NASDAQ NFLX opened at $675.42 on Tuesday. Netflix, Inc. has a one year low of $344.73 and a one year high of $711.33. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $289.87 billion, a price-to-earnings ratio of 46.87, a price-to-earnings-growth ratio of 1.36 and a beta of 1.26. The company’s 50-day simple moving average is $659.93 and its two-hundred day simple moving average is $635.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.14. The company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. Netflix’s revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company posted $3.29 earnings per share. Equities analysts forecast 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.