Tredje AP fonden Sells 9,300 Shares of Netflix, Inc. (NASDAQ:NFLX)

Tredje AP fonden cut its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,843 shares of the Internet television network's stock after selling 9,300 shares during the quarter. Tredje AP fonden's holdings in Netflix were worth $64,035,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its stake in Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after acquiring an additional 426,740 shares during the period. Geode Capital Management LLC lifted its stake in Netflix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network's stock valued at $6,464,736,000 after acquiring an additional 123,029 shares during the period. Jennison Associates LLC lifted its stake in Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock valued at $4,958,417,000 after acquiring an additional 316,594 shares during the period. Wellington Management Group LLP lifted its stake in Netflix by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network's stock valued at $3,473,571,000 after acquiring an additional 23,702 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in Netflix by 1.0% during the 4th quarter. Fisher Asset Management LLC now owns 4,527,446 shares of the Internet television network's stock valued at $4,035,404,000 after acquiring an additional 45,507 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, Chairman Reed Hastings sold 30,485 shares of Netflix stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $981.92, for a total transaction of $29,933,831.20. Following the completion of the sale, the chairman now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. Insiders sold a total of 288,103 shares of company stock worth $279,142,041 over the last three months. 1.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NFLX. Sanford C. Bernstein upgraded shares of Netflix from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Wedbush reiterated an "outperform" rating and issued a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a research note on Wednesday, January 22nd. Loop Capital increased their price objective on shares of Netflix from $925.00 to $1,000.00 and gave the stock a "hold" rating in a research note on Wednesday, January 22nd. Finally, StockNews.com cut shares of Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Ten research 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 stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average target price of $1,014.26.

Netflix Price Performance

Shares of NFLX stock traded down $29.51 on Thursday, reaching $890.17. The company's stock had a trading volume of 4,994,613 shares, compared to its average volume of 3,413,573. The stock's fifty day simple moving average is $950.30 and its 200-day simple moving average is $846.09. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization 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 issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during 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%. Netflix's revenue was up 16.0% on a year-over-year basis. During the same period last year, the company earned $2.11 earnings per share. Analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.