Livforsakringsbolaget Skandia Omsesidigt Cuts Stake in Netflix, Inc. (NASDAQ:NFLX)

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 19.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,567 shares of the Internet television network’s stock after selling 1,600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Netflix were worth $1,261,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bank of New York Mellon Corp raised its stake in Netflix by 5.0% during the third quarter. Bank of New York Mellon Corp now owns 3,638,317 shares of the Internet television network’s stock worth $659,809,000 after acquiring an additional 172,229 shares in the last quarter. Tybourne Capital Management HK Ltd. raised its stake in Netflix by 3.6% during the second quarter. Tybourne Capital Management HK Ltd. now owns 2,400,536 shares of the Internet television network’s stock worth $358,664,000 after acquiring an additional 84,341 shares in the last quarter. Janus Henderson Group PLC raised its stake in Netflix by 3,478.1% during the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after acquiring an additional 1,984,404 shares in the last quarter. Legal & General Group Plc raised its stake in Netflix by 3.3% during the third quarter. Legal & General Group Plc now owns 1,855,088 shares of the Internet television network’s stock worth $336,420,000 after acquiring an additional 58,691 shares in the last quarter. Finally, Swiss National Bank raised its stake in Netflix by 1.0% during the third quarter. Swiss National Bank now owns 1,588,825 shares of the Internet television network’s stock worth $288,133,000 after acquiring an additional 16,300 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Netflix, Inc. (NASDAQ NFLX) traded down $0.63 during midday trading on Friday, reaching $249.47. The company had a trading volume of 16,910,000 shares, compared to its average volume of 11,070,000. The stock has a market cap of $108,260.00, a price-to-earnings ratio of 199.58, a P/E/G ratio of 3.48 and a beta of 1.04. Netflix, Inc. has a twelve month low of $138.26 and a twelve month high of $286.81. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the firm posted $0.15 EPS. Netflix’s quarterly revenue was up 32.6% compared to the same quarter last year. research analysts anticipate that Netflix, Inc. will post 2.69 EPS for the current fiscal year.

Several research analysts have commented on NFLX shares. Aegis started coverage on Netflix in a research note on Monday, October 16th. They set a “hold” rating and a $200.00 target price for the company. Rosenblatt Securities reissued a “buy” rating and set a $225.00 target price on shares of Netflix in a research note on Monday, October 16th. Jefferies Group set a $190.00 price objective on Netflix and gave the company a “neutral” rating in a research note on Tuesday, October 17th. Wedbush set a $93.00 price objective on Netflix and gave the company a “sell” rating in a research note on Tuesday, October 17th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $207.00 price objective (up previously from $172.00) on shares of Netflix in a research note on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirty-five have issued a buy rating and one has assigned a strong buy rating to the company. Netflix presently has a consensus rating of “Buy” and an average price target of $237.39.

In other news, insider Gregory K. Peters sold 8,358 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $255.20, for a total transaction of $2,132,961.60. Following the completion of the transaction, the insider now owns 21,448 shares in the company, valued at approximately $5,473,529.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David B. Wells sold 1,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $191.12, for a total value of $191,120.00. Following the transaction, the chief financial officer now owns 1,000 shares of the company’s stock, valued at approximately $191,120. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 460,885 shares of company stock valued at $105,354,747. Insiders own 4.90% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://ledgergazette.com/2018/02/12/livforsakringsbolaget-skandia-omsesidigt-has-1-26-million-position-in-netflix-inc-nflx.html.

Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply