Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 197,945 shares of the Internet television network's stock after purchasing an additional 7,092 shares during the quarter. Netflix accounts for about 0.7% of Handelsbanken Fonder AB's holdings, making the stock its 21st biggest holding. Handelsbanken Fonder AB's holdings in Netflix were worth $176,432,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. WealthBridge Capital Management LLC grew its stake in shares of Netflix by 0.9% in the fourth quarter. WealthBridge Capital Management LLC now owns 1,550 shares of the Internet television network's stock worth $1,382,000 after acquiring an additional 14 shares in the last quarter. Corps Capital Advisors LLC acquired a new position in Netflix during the 4th quarter worth $2,318,000. Private Wealth Partners LLC increased its holdings in Netflix by 1.2% during the 4th quarter. Private Wealth Partners LLC now owns 898 shares of the Internet television network's stock worth $800,000 after purchasing an additional 11 shares during the period. Bryn Mawr Capital Management LLC raised its position in Netflix by 868.8% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 20,433 shares of the Internet television network's stock valued at $18,212,000 after purchasing an additional 18,324 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Netflix by 8.9% in the 4th quarter. Private Advisor Group LLC now owns 27,026 shares of the Internet television network's stock valued at $24,089,000 after buying an additional 2,216 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Price Performance

Shares of NFLX traded down $23.09 during trading hours on Friday, reaching $1,001.45. The company had a trading volume of 2,748,210 shares, compared to its average volume of 4,106,753. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The firm has a 50 day simple moving average of $938.86 and a 200-day simple moving average of $815.63. The company has a market capitalization of $428.38 billion, a price-to-earnings ratio of 50.47, a PEG ratio of 2.16 and a beta of 1.27.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $2.11 earnings per share. Research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on NFLX. Citigroup boosted their target price on Netflix from $725.00 to $920.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. BMO Capital Markets restated an "outperform" rating and issued a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Needham & Company LLC lifted their price target on shares of Netflix from $800.00 to $1,150.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Evercore ISI upped their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Finally, Robert W. Baird lifted their target price on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,021.70.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 48,363 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now owns 114 shares of the company's stock, valued at approximately $102,212.40. This represents a 99.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 303,220 shares of company stock valued at $289,856,164. 1.76% of the stock is owned by insiders.

Netflix Company 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.