Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 55.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 308,107 shares of the Internet television network’s stock after acquiring an additional 110,162 shares during the quarter. Netflix accounts for approximately 1.2% of Handelsbanken Fonder AB’s holdings, making the stock its 12th largest holding. Handelsbanken Fonder AB’s holdings in Netflix were worth $287,319,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NFLX. Capital & Planning LLC acquired a new position in shares of Netflix in the fourth quarter valued at about $809,000. Brighton Jones LLC boosted its position in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after buying an additional 257 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Netflix in the 4th quarter worth approximately $12,212,000. Revolve Wealth Partners LLC raised its position in Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after buying an additional 144 shares during the last quarter. Finally, Stiles Financial Services Inc raised its position in Netflix by 46.4% during the 4th quarter. Stiles Financial Services Inc now owns 868 shares of the Internet television network’s stock worth $774,000 after buying an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, Director Ann Mather sold 1,090 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jay C. Hoag sold 32,515 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the sale, the director now owns 79,040 shares of the company’s stock, valued at approximately $87,099,708.80. The trade was a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,140 shares of company stock worth $210,271,552. Insiders own 1.37% of the company’s stock.

Netflix Stock Down 1.4%

Shares of NFLX opened at $1,224.46 on Tuesday. The stock has a 50 day moving average price of $1,093.58 and a 200 day moving average price of $991.46. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $521.09 billion, a price-to-earnings ratio of 61.75, a PEG ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the previous year, the company posted $8.28 EPS. Equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Guggenheim reaffirmed a “buy” rating and issued a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Bank of America upped their price target on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a “buy” rating in a report on Friday, May 30th. Robert W. Baird lifted their price objective on Netflix from $1,200.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Canaccord Genuity Group upped their target price on Netflix from $1,200.00 to $1,380.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Finally, Cfra Research raised Netflix to a “strong-buy” rating in a report on Monday, April 28th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $1,149.91.

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.