Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 104.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,171 shares of the Internet television network’s stock after acquiring an additional 3,147 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Netflix were worth $4,377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DigitalBridge Group Inc. lifted its position in Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after buying an additional 9,451 shares during the last quarter. M&G Plc acquired a new position in Netflix in the first quarter valued at approximately $9,682,000. BSN CAPITAL PARTNERS Ltd grew its position in shares of Netflix by 24.4% in the 1st quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock valued at $155,185,000 after buying an additional 49,000 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Netflix by 58.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock valued at $55,968,000 after buying an additional 30,511 shares during the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in Netflix during the 4th quarter worth $9,513,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of several analyst reports. Sanford C. Bernstein lifted their target price on shares of Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a report on Friday, July 19th. Macquarie lifted their price objective on Netflix from $695.00 to $795.00 and gave the company an “outperform” rating in a research report on Friday. KeyCorp lifted their price target on shares of Netflix from $735.00 to $760.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Benchmark boosted their price objective on shares of Netflix from $450.00 to $545.00 and gave the stock a “sell” rating in a research note on Tuesday, July 16th. Finally, TD Cowen increased their target price on Netflix from $775.00 to $820.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $702.79.

Insiders Place Their Bets

In related news, Director Leslie J. Kilgore sold 383 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the completion of the sale, the director now owns 35,262 shares in the company, valued at approximately $25,741,260. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the sale, the chairman now owns 85 shares in the company, valued at approximately $60,023.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Leslie J. Kilgore sold 383 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the transaction, the director now owns 35,262 shares in the company, valued at $25,741,260. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 225,167 shares of company stock valued at $150,492,460. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $722.79 on Friday. 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 $311.52 billion, a PE ratio of 50.16, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a 50 day simple moving average of $686.60 and a two-hundred day simple moving average of $651.18. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $736.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. During the same quarter in the prior year, the business earned $3.29 earnings per share. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. Research analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current year.

Netflix 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.