Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 500 Shares of Netflix, Inc. (NASDAQ:NFLX)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,086 shares of the Internet television network's stock after selling 500 shares during the quarter. Netflix comprises 0.8% of Fjarde AP Fonden Fourth Swedish National Pension Fund's investment portfolio, making the stock its 22nd largest holding. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Netflix were worth $80,295,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NFLX. Pathway Financial Advisers LLC lifted its holdings in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in Netflix in the 3rd quarter worth approximately $25,000. Newton One Investments LLC acquired a new stake in Netflix in the 4th quarter worth approximately $34,000. Pineridge Advisors LLC lifted its holdings in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC lifted its holdings in Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after purchasing an additional 16 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares in the company, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 303,220 shares of company stock worth $289,856,164. Insiders own 1.76% of the company's stock.

Netflix Price Performance

NASDAQ:NFLX traded down $21.39 during trading hours on Friday, reaching $1,003.15. The company had a trading volume of 3,730,394 shares, compared to its average volume of 3,484,255. The stock has a 50-day moving average of $940.55 and a two-hundred day moving average of $819.90. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The firm has a market capitalization of $429.10 billion, a PE ratio of 50.59, a PEG ratio of 2.12 and a beta of 1.27. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analysts' expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business's revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.11 earnings per share. Analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on NFLX. Barclays upgraded Netflix from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Macquarie upped their price target on Netflix from $965.00 to $1,150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. The Goldman Sachs Group upped their price target on Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. StockNews.com lowered Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Pivotal Research upped their price target on Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average target price of $1,021.70.

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.