Skandinaviska Enskilda Banken AB publ lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,944 shares of the Internet television network’s stock after selling 3,339 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Netflix were worth $28,039,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of NFLX. MCF Advisors LLC acquired a new stake in Netflix during the third quarter valued at $108,000. Perennial Advisors LLC boosted its position in Netflix by 2,021.4% during the third quarter. Perennial Advisors LLC now owns 297 shares of the Internet television network’s stock valued at $111,000 after purchasing an additional 283 shares during the last quarter. CSat Investment Advisory L.P. acquired a new stake in Netflix during the second quarter valued at $117,000. Signature Estate & Investment Advisors LLC acquired a new stake in Netflix during the second quarter valued at $124,000. Finally, BerganKDV Wealth Management LLC acquired a new stake in Netflix during the second quarter valued at $137,000. 74.04% of the stock is owned by institutional investors and hedge funds.
In other news, insider Kelly Bennett sold 14,000 shares of Netflix stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $300.00, for a total value of $4,200,000.00. Following the transaction, the insider now directly owns 1,057 shares in the company, valued at $317,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $311.10, for a total value of $311,100.00. Following the transaction, the chief financial officer now owns 1,000 shares in the company, valued at $311,100. The disclosure for this sale can be found here. Insiders sold 335,842 shares of company stock worth $113,900,463 over the last quarter. 4.29% of the stock is currently owned by corporate insiders.
Netflix stock opened at $303.47 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market capitalization of $142.82 billion, a PE ratio of 242.78, a price-to-earnings-growth ratio of 4.15 and a beta of 1.18. Netflix, Inc. has a 52 week low of $178.38 and a 52 week high of $423.21.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.21. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The firm’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. Analysts anticipate that Netflix, Inc. will post 2.63 EPS for the current year.
A number of research firms recently issued reports on NFLX. Buckingham Research raised Netflix from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $349.00 to $406.00 in a research report on Monday, November 5th. ValuEngine raised Netflix from a “hold” rating to a “buy” rating in a research report on Friday, November 2nd. BidaskClub lowered Netflix from a “hold” rating to a “sell” rating in a report on Wednesday, October 31st. Morningstar set a $120.00 target price on Netflix and gave the company a “sell” rating in a report on Monday, October 29th. Finally, Nomura set a $370.00 target price on Netflix and gave the company a “neutral” rating in a report on Monday, October 29th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. Netflix currently has an average rating of “Buy” and an average price target of $378.74.
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Netflix Company Profile
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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