Livforsakringsbolaget Skandia Omsesidigt Purchases 637 Shares of Netflix, Inc. (NASDAQ:NFLX)

Livforsakringsbolaget Skandia Omsesidigt increased its position in Netflix, Inc. (NASDAQ:NFLX) by 112.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,204 shares of the Internet television network’s stock after buying an additional 637 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Netflix were worth $586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC lifted its holdings in shares of Netflix by 1.6% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock valued at $635,000 after purchasing an additional 21 shares in the last quarter. Centurion Wealth Management LLC lifted its holdings in Netflix by 2.4% in the fourth quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock valued at $479,000 after acquiring an additional 23 shares during the period. Secure Asset Management LLC lifted its holdings in Netflix by 2.7% in the fourth quarter. Secure Asset Management LLC now owns 903 shares of the Internet television network’s stock valued at $440,000 after acquiring an additional 24 shares during the period. Gordian Capital Singapore Pte Ltd lifted its holdings in Netflix by 0.3% in the second quarter. Gordian Capital Singapore Pte Ltd now owns 9,821 shares of the Internet television network’s stock valued at $4,326,000 after acquiring an additional 25 shares during the period. Finally, Key Financial Inc lifted its holdings in Netflix by 14.4% in the third quarter. Key Financial Inc now owns 199 shares of the Internet television network’s stock valued at $75,000 after acquiring an additional 25 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In related news, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 3,673 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The disclosure for this sale can be found here. Insiders sold 268,335 shares of company stock valued at $151,619,811 in the last ninety days. Insiders own 2.45% of the company’s stock.

Netflix Price Performance

NASDAQ:NFLX opened at $608.84 on Thursday. The firm has a market capitalization of $263.48 billion, a price-to-earnings ratio of 51.10, a PEG ratio of 1.67 and a beta of 1.22. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $639.00. The business has a 50 day simple moving average of $604.73 and a 200-day simple moving average of $511.17. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company had revenue of $8.83 billion during the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. Netflix’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 earnings per share. Equities analysts forecast that Netflix, Inc. will post 17.05 EPS for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent research reports. Sanford C. Bernstein increased their target price on Netflix from $390.00 to $490.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. TD Cowen upped their price target on Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. BMO Capital Markets restated an “outperform” rating and issued a $713.00 price target (up previously from $638.00) on shares of Netflix in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Jefferies Financial Group upped their price target on Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $614.28.

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.