Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Forsta AP Fonden

Forsta AP Fonden lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,500 shares of the Internet television network’s stock after selling 900 shares during the quarter. Netflix comprises approximately 0.8% of Forsta AP Fonden’s investment portfolio, making the stock its 18th biggest holding. Forsta AP Fonden’s holdings in Netflix were worth $107,404,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. McKinley Carter Wealth Services Inc. lifted its position in Netflix by 2.1% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 8,908 shares of the Internet television network’s stock worth $7,940,000 after purchasing an additional 179 shares during the period. Nvest Financial LLC raised its holdings in Netflix by 9.1% during the 4th quarter. Nvest Financial LLC now owns 3,606 shares of the Internet television network’s stock worth $3,214,000 after buying an additional 301 shares during the period. Smith Group Asset Management LLC lifted its position in shares of Netflix by 1.1% in the 4th quarter. Smith Group Asset Management LLC now owns 34,384 shares of the Internet television network’s stock valued at $30,647,000 after acquiring an additional 379 shares in the last quarter. BOCHK Asset Management Ltd acquired a new stake in shares of Netflix in the fourth quarter worth $267,000. Finally, Verus Wealth Management LLC acquired a new position in Netflix during the fourth quarter valued at $220,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NFLX has been the topic of several research analyst reports. Evercore ISI lifted their target price on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Robert W. Baird upped their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Pivotal Research lifted their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Loop Capital upped their price target on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Finally, Arete Research raised Netflix to a “hold” rating in a research report on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Performance

Shares of Netflix stock opened at $971.83 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $899.64 and a 200 day simple moving average of $772.71. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00. The firm has a market cap of $415.42 billion, a P/E ratio of 49.01, a P/E/G ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the firm earned $2.11 EPS. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Sell-side analysts predict that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jay C. Hoag sold 617 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,117 shares of company stock worth $123,913,691. Company insiders own 1.76% of the company’s stock.

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.