Livforsakringsbolaget Skandia Omsesidigt Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Livforsakringsbolaget Skandia Omsesidigt increased its position in Netflix, Inc. (NASDAQ:NFLX) by 55.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,571 shares of the Internet television network’s stock after acquiring an additional 3,400 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Netflix were worth $8,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the period. Newton One Investments LLC purchased a new stake in shares of Netflix in the 4th quarter valued at $34,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the third quarter worth $37,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Netflix during the third quarter worth $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $1,100.00 price target (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Needham & Company LLC upped their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Evercore ISI boosted their price target on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price for the company in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company boosted their target price on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. 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, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Performance

Shares of Netflix stock opened at $1,015.68 on Friday. The firm’s 50-day simple moving average is $912.05 and its 200-day simple moving average is $786.03. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,016.35. The firm has a market cap of $434.47 billion, a PE ratio of 51.22, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the company posted $2.11 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. Equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 685 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,009.57, for a total transaction of $691,555.45. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,726,322.87. The trade was a 15.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Timothy M. Haley sold 647 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Insiders sold a total of 292,270 shares of company stock worth $278,469,388 over the last ninety days. Company insiders own 1.76% of the company’s stock.

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.