Tredje AP fonden decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,628 shares of the Internet television network’s stock after selling 2,414 shares during the period. Tredje AP fonden’s holdings in Netflix were worth $3,544,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. BlackRock Fund Advisors raised its position in shares of Netflix by 3.1% in the third quarter. BlackRock Fund Advisors now owns 5,031,607 shares of the Internet television network’s stock valued at $495,865,000 after buying an additional 152,692 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of Netflix by 4.5% in the second quarter. Baillie Gifford & Co. now owns 7,316,440 shares of the Internet television network’s stock valued at $669,307,000 after buying an additional 314,275 shares in the last quarter. First Trust Advisors LP raised its position in shares of Netflix by 6.4% in the third quarter. First Trust Advisors LP now owns 1,958,697 shares of the Internet television network’s stock valued at $193,030,000 after buying an additional 117,557 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Netflix by 3.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 66,881 shares of the Internet television network’s stock valued at $6,591,000 after buying an additional 1,972 shares in the last quarter. Finally, Sigma Planning Corp raised its position in shares of Netflix by 0.5% in the third quarter. Sigma Planning Corp now owns 10,692 shares of the Internet television network’s stock valued at $1,054,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 80.42% of the company’s stock.
Shares of Netflix, Inc. (NASDAQ:NFLX) traded up 0.23% during midday trading on Friday, reaching $142.34. 993,712 shares of the company’s stock traded hands. Netflix, Inc. has a 12 month low of $84.50 and a 12 month high of $145.95. The firm has a market cap of $61.26 billion, a PE ratio of 331.02 and a beta of 1.27. The stock has a 50-day moving average price of $136.88 and a 200 day moving average price of $115.95.
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Netflix (NASDAQ:NFLX) last posted its earnings results on Wednesday, January 18th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Netflix had a net margin of 2.11% and a return on equity of 7.51%. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the company posted $0.10 EPS. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post $1.12 earnings per share for the current year.
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NFLX has been the topic of several research reports. Wedbush restated an “underperform” rating and set a $60.00 price target on shares of Netflix in a research note on Tuesday, January 10th. Jefferies Group LLC upped their price objective on Netflix from $80.00 to $95.00 and gave the company an “underperform” rating in a research note on Thursday, January 19th. Evercore ISI reiterated a “sell” rating and issued a $101.00 price objective (up from $77.00) on shares of Netflix in a research note on Friday, October 21st. Cantor Fitzgerald reiterated a “buy” rating and issued a $135.00 price objective on shares of Netflix in a research note on Thursday, October 27th. Finally, Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $124.54 price objective on the stock in a research note on Thursday, November 10th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $131.32.
In other Netflix news, Director Richard N. Barton sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $141.57, for a total value of $283,140.00. Following the sale, the director now directly owns 8,012 shares in the company, valued at approximately $1,134,258.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Reed Hastings sold 74,564 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $118.02, for a total transaction of $8,800,043.28. Following the completion of the sale, the chief executive officer now owns 74,564 shares in the company, valued at $8,800,043.28. The disclosure for this sale can be found here. Insiders sold a total of 306,738 shares of company stock worth $39,375,718 over the last quarter. Corporate insiders own 4.90% of the company’s stock.
Netflix Inc is an Internet television network with over 86 million members in over 190 countries enjoying more than 125 million hours of television (TV) shows and movies per day, including original series, documentaries and feature films. Members can watch as much as they want, anytime, anywhere, on nearly any Internet-connected screen.
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