Netflix, Inc. $NFLX Holdings Reduced by Danske Bank A S

Danske Bank A S decreased its holdings in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,751,388 shares of the Internet television network’s stock after selling 150,352 shares during the quarter. Danske Bank A S owned approximately 0.07% of Netflix worth $191,442,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NFLX. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Netflix in the second quarter valued at approximately $26,000. Pathway Financial Advisers LLC acquired a new position in Netflix during the third quarter worth approximately $26,000. Sawyer & Company Inc purchased a new position in Netflix during the third quarter worth approximately $27,000. Compound Global Advisors LLC purchased a new position in Netflix during the second quarter worth approximately $29,000. Finally, Burnham & Co LLC purchased a new position in Netflix during the second quarter worth approximately $29,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Neumann sold 9,253 shares of Netflix stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $66.15, for a total transaction of $612,085.95. Following the transaction, the chief financial officer owned 73,787 shares in the company, valued at approximately $4,881,010.05. The trade was a 11.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theodore Sarandos sold 27,312 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $66.20, for a total transaction of $1,808,054.40. Following the sale, the chief executive officer directly owned 178,954 shares of the company’s stock, valued at approximately $11,846,754.80. This trade represents a 13.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 89,024 shares of company stock worth $5,788,733. Corporate insiders own 1.24% of the company’s stock.

Key Headlines Impacting Netflix

These are some of the NFLX headlines that stood out recently:

Netflix Trading Down 0.9%

NASDAQ NFLX traded down $0.54 during mid-day trading on Friday, hitting $62.15. The company’s stock had a trading volume of 36,558,372 shares, compared to its average volume of 46,146,632. The firm has a market capitalization of $255.21 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.07 and a quick ratio of 1.07. Netflix, Inc. has a 52-week low of $61.39 and a 52-week high of $115.25. The stock’s fifty day simple moving average is $69.18 and its two-hundred day simple moving average is $80.42.

Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.05. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The company had revenue of $12.87 billion during the quarter, compared to the consensus estimate of $12.87 billion. During the same period in the previous year, the firm earned $0.59 earnings per share. Netflix’s revenue for the quarter was up 11.9% on a year-over-year basis. Research analysts expect that Netflix, Inc. will post 3.59 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. CLSA initiated coverage on shares of Netflix in a report on Monday, July 20th. They issued an “outperform” rating on the stock. Wells Fargo & Company downgraded Netflix from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $80.00 to $57.00 in a report on Friday, September 18th. Morgan Stanley set a $77.00 target price on Netflix and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Needham & Company LLC lowered Netflix from a “buy” rating to a “hold” rating in a research report on Wednesday, October 21st. Finally, CICC Research reduced their target price on Netflix from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $89.14.

Get Our Latest Stock Analysis on Netflix

Netflix Profile

(Free Report)

Netflix, Inc. is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand. Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.

See Also

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX – Free Report).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.