Skandinaviska Enskilda Banken AB publ Sells 805 Shares of Netflix, Inc. (NASDAQ:NFLX)

Skandinaviska Enskilda Banken AB publ reduced its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,463 shares of the Internet television network's stock after selling 805 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Netflix were worth $78,748,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Proficio Capital Partners LLC boosted its position in shares of Netflix by 123,836.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after purchasing an additional 1,924,423 shares in the last quarter. State Street Corp boosted its position in shares of Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after purchasing an additional 426,740 shares in the last quarter. Strategic Financial Concepts LLC boosted its position in shares of Netflix by 112,896.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network's stock valued at $340,420,000 after purchasing an additional 381,590 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock valued at $4,958,417,000 after purchasing an additional 316,594 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Netflix during the third quarter valued at approximately $222,871,000. 80.93% of the stock is currently owned by institutional investors.

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Netflix Stock Performance

NASDAQ:NFLX traded down $29.51 during mid-day trading on Thursday, hitting $890.17. 4,994,613 shares of the company traded hands, compared to its average volume of 3,413,573. The stock's fifty day moving average price is $950.30 and its 200-day moving average price is $846.09. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $380.78 billion, a price-to-earnings ratio of 44.89, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

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

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,624,746.55. This represents a 41.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 30,485 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $981.92, for a total value of $29,933,831.20. Following the sale, the chairman now owns 394 shares in the company, valued at approximately $386,876.48. This trade represents a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 288,103 shares of company stock worth $279,142,041. Corporate insiders own 1.76% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research reports. Evercore ISI lifted their price target on Netflix from $950.00 to $1,100.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Pivotal Research lifted their price objective on Netflix from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. BMO Capital Markets reiterated an "outperform" rating and set a $1,175.00 price objective (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Canaccord Genuity Group upgraded Netflix from a "hold" rating to a "buy" rating and lifted their price objective for the company from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Finally, Wolfe Research upgraded Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price objective for the company in a research note on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,014.26.

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.