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

AMF Tjanstepension AB raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 33.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,072 shares of the Internet television network's stock after purchasing an additional 22,612 shares during the period. AMF Tjanstepension AB's holdings in Netflix were worth $81,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter valued at approximately $25,000. Pathway Financial Advisers LLC grew its stake in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares during the last quarter. Newton One Investments LLC bought a new position in shares of Netflix during the fourth quarter valued at approximately $34,000. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the third quarter valued at approximately $37,000. Finally, Pineridge Advisors LLC grew its stake in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after buying an additional 40 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

NFLX stock traded down $15.25 during trading on Friday, hitting $891.11. The stock had a trading volume of 7,733,383 shares, compared to its average volume of 3,352,894. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The stock has a market capitalization of $381.18 billion, a P/E ratio of 44.94, a PEG ratio of 2.12 and a beta of 1.38. The company's 50-day moving average price is $950.26 and its two-hundred day moving average price is $841.52.

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Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the previous year, the firm posted $2.11 EPS. Netflix's revenue was up 16.0% compared to the same quarter last year. As a group, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the transaction, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at $12,700,583. This trade represents a 88.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 35,868 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the completion of the transaction, the chairman now directly owns 114 shares in the company, valued at $101,241.12. This trade represents a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 288,103 shares of company stock worth $279,142,041. Insiders own 1.76% of the company's stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of analyst reports. UBS Group upped their target price on Netflix from $1,040.00 to $1,150.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Needham & Company LLC increased their price objective on Netflix from $800.00 to $1,150.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Rosenblatt Securities raised Netflix from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Canaccord Genuity Group raised Netflix from a "hold" rating to a "buy" rating and increased their price objective for the stock from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Finally, Seaport Res Ptn raised Netflix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,021.70.

Netflix 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.