Swedbank AB Acquires 1,557 Shares of Netflix, Inc. (NASDAQ:NFLX)

Swedbank AB grew its position in Netflix, Inc. (NASDAQ:NFLX) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 466,765 shares of the Internet television network’s stock after buying an additional 1,557 shares during the quarter. Swedbank AB’s holdings in Netflix were worth $416,037,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in Netflix during the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. bought a new position in Netflix in the third quarter valued at approximately $37,000. FSA Wealth Management LLC bought a new position in shares of Netflix in the 3rd quarter valued at $38,000. Finally, First Personal Financial Services bought a new position in Netflix during the 3rd quarter worth $40,000. Institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Reed Hastings sold 41,601 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the sale, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $64,435.10. The trade was a 99.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,117 shares of company stock valued at $123,913,691 over the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix Stock Down 0.2 %

Shares of NFLX stock traded down $1.98 on Wednesday, hitting $969.85. The stock had a trading volume of 704,198 shares, compared to its average volume of 4,464,701. The stock’s 50 day moving average is $899.64 and its 200-day moving average is $772.71. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00. The firm has a market capitalization of $414.57 billion, a price-to-earnings ratio of 49.01, a P/E/G ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted 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 firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the firm earned $2.11 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. As a group, research analysts expect that Netflix, Inc. will post 23.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Citigroup boosted their price objective on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Argus boosted their price target on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. UBS Group boosted their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Pivotal Research increased their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Loop Capital raised their target price on Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

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.