Danica Pension Livsforsikringsaktieselskab Invests $25.34 Million in Netflix, Inc. $NFLX

Danica Pension Livsforsikringsaktieselskab purchased a new stake in Netflix, Inc. (NASDAQ:NFLXFree Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 263,531 shares of the Internet television network’s stock, valued at approximately $25,339,000.

A number of other institutional investors have also recently bought and sold shares of the stock. ABN Amro Investment Solutions raised its holdings in Netflix by 102.2% during the 1st quarter. ABN Amro Investment Solutions now owns 730,610 shares of the Internet television network’s stock worth $70,248,000 after buying an additional 369,196 shares during the period. Pacific Sun Financial Corp increased its position in shares of Netflix by 3.4% in the first quarter. Pacific Sun Financial Corp now owns 6,281 shares of the Internet television network’s stock worth $604,000 after acquiring an additional 208 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Netflix by 9.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,689,036 shares of the Internet television network’s stock worth $162,401,000 after acquiring an additional 140,389 shares in the last quarter. Oslo Pensjonsforsikring AS purchased a new position in shares of Netflix in the first quarter worth approximately $1,370,000. Finally, Mathes Company Inc. raised its holdings in shares of Netflix by 38.6% during the first quarter. Mathes Company Inc. now owns 15,910 shares of the Internet television network’s stock valued at $1,530,000 after acquiring an additional 4,430 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on NFLX. China Renaissance upped their price target on shares of Netflix from $90.00 to $100.00 and gave the company a “hold” rating in a research report on Friday, April 17th. Wolfe Research reiterated an “outperform” rating and set a $107.00 price objective on shares of Netflix in a research report on Friday, April 17th. Stephens began coverage on shares of Netflix in a research note on Friday. They set an “overweight” rating on the stock. President Capital increased their target price on Netflix from $133.00 to $134.00 and gave the company a “buy” rating in a report on Tuesday, March 31st. Finally, Rosenblatt Securities set a $75.00 target price on Netflix and gave the stock a “neutral” rating in a research report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.21.

Read Our Latest Stock Report on NFLX

Netflix Stock Performance

NFLX stock opened at $68.67 on Wednesday. The firm has a 50 day simple moving average of $79.42 and a 200 day simple moving average of $86.49. Netflix, Inc. has a 52 week low of $65.08 and a 52 week high of $126.71. The stock has a market cap of $285.94 billion, a P/E ratio of 21.61, a P/E/G ratio of 0.85 and a beta of 1.52. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.41 and a current ratio of 1.14.

Netflix (NASDAQ:NFLXGet Free Report) last released its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The firm had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. During the same quarter in the prior year, the business earned $0.72 EPS. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. Research analysts anticipate that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the completion of the sale, the chief executive officer directly owned 284,804 shares in the company, valued at approximately $25,054,207.88. This trade represents a 8.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Adam Neumann sold 9,253 shares of Netflix stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total value of $823,054.35. Following the sale, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at approximately $6,563,353.65. The trade was a 11.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 899,839 shares of company stock worth $80,141,661 over the last 90 days. 1.24% of the stock is currently owned by insiders.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

Netflix Company Profile

(Free Report)

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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