AMF Tjanstepension AB Increases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

AMF Tjanstepension AB raised its position in Netflix, Inc. (NASDAQ:NFLX) by 143.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,819 shares of the Internet television network’s stock after acquiring an additional 81,208 shares during the quarter. AMF Tjanstepension AB’s holdings in Netflix were worth $83,702,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Indiana Trust & Investment Management CO grew its holdings in shares of Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 28 shares during the period. VitalStone Financial LLC grew its holdings in Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares during the period. Scarborough Advisors LLC purchased a new stake in Netflix in the fourth quarter worth about $32,000. Beaird Harris Wealth Management LLC increased its stake in shares of Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares in the last quarter. Finally, Spartan Planning & Wealth Management purchased a new position in shares of Netflix during the third quarter valued at approximately $26,000. 80.93% of the stock is owned by institutional investors.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 268 shares of Netflix stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $18,764,328.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Anne M. Sweeney sold 633 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total transaction of $354,480.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 268 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $18,764,328.20. The disclosure for this sale can be found here. Insiders have sold a total of 69,425 shares of company stock valued at $41,919,791 over the last quarter. 1.76% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley increased their price objective on Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. BMO Capital Markets restated an “outperform” rating and issued a $713.00 target price (up previously from $638.00) on shares of Netflix in a report on Wednesday, April 17th. Benchmark boosted their target price on shares of Netflix from $440.00 to $450.00 and gave the company a “sell” rating in a research note on Friday, May 17th. CICC Research initiated coverage on Netflix in a report on Thursday, May 2nd. They issued an “outperform” rating and a $650.00 price objective for the company. Finally, Loop Capital increased their target price on Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $633.53.

Netflix Trading Down 1.4 %

Shares of NASDAQ NFLX traded down $9.46 during trading hours on Friday, reaching $674.88. The stock had a trading volume of 3,409,629 shares, compared to its average volume of 3,992,012. The business’s fifty day moving average price is $628.93 and its two-hundred day moving average price is $583.49. The firm has a market cap of $290.87 billion, a price-to-earnings ratio of 46.83, a P/E/G ratio of 1.46 and a beta of 1.26. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $689.88. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. During the same period in the prior year, the business earned $2.88 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts expect that Netflix, Inc. will post 18.31 EPS for the current fiscal year.

About Netflix

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.