Andra AP fonden Has $46.65 Million Position in Netflix, Inc. $NFLX

Andra AP fonden lessened its position in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 27.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 485,190 shares of the Internet television network’s stock after selling 179,520 shares during the period. Netflix makes up about 0.6% of Andra AP fonden’s portfolio, making the stock its 23rd largest holding. Andra AP fonden’s holdings in Netflix were worth $46,651,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NFLX. Checchi Capital Advisers LLC raised its holdings in shares of Netflix by 875.7% in the fourth quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network’s stock worth $2,920,000 after acquiring an additional 27,951 shares during the last quarter. Contravisory Investment Management Inc. boosted its stake in shares of Netflix by 837.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network’s stock valued at $10,443,000 after acquiring an additional 99,496 shares during the last quarter. BNC Wealth Management LLC increased its position in Netflix by 991.3% during the 4th quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network’s stock worth $3,866,000 after purchasing an additional 37,451 shares in the last quarter. Crew Capital Management Ltd increased its position in Netflix by 1,021.9% during the 4th quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network’s stock worth $847,000 after purchasing an additional 8,226 shares in the last quarter. Finally, Family Capital Trust Co raised its stake in Netflix by 20,869.5% in the 4th quarter. Family Capital Trust Co now owns 27,470 shares of the Internet television network’s stock valued at $2,576,000 after purchasing an additional 27,339 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Down 2.0%

Shares of NFLX opened at $67.60 on Tuesday. Netflix, Inc. has a fifty-two week low of $65.08 and a fifty-two week high of $126.71. The company’s fifty day moving average is $79.80 and its two-hundred day moving average is $86.67. The firm has a market cap of $284.65 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 0.88 and a beta of 1.52. The company has a quick ratio of 1.41, a current ratio of 1.14 and a debt-to-equity ratio of 0.39.

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

Insider Activity

In other news, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $88.69, for a total value of $2,422,301.28. Following the transaction, the chief executive officer directly owned 120,931 shares of the company’s stock, valued at $10,725,370.39. The trade was a 18.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Spencer Adam Neumann sold 9,253 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $88.95, for a total value of $823,054.35. Following the sale, the chief financial officer owned 73,787 shares of the company’s stock, valued at $6,563,353.65. The trade was a 11.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 899,839 shares of company stock valued at $80,141,661 in the last 90 days. 1.24% of the stock is owned by corporate insiders.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

Wall Street Analyst Weigh In

A number of research firms have issued reports on NFLX. KeyCorp restated an “overweight” rating and issued a $92.00 target price (down from $115.00) on shares of Netflix in a report on Monday, July 13th. Citigroup lowered shares of Netflix from a “buy” rating to a “positive” rating in a research report on Monday. Needham & Company LLC reissued a “buy” rating on shares of Netflix in a research note on Friday, April 17th. Wedbush decreased their target price on shares of Netflix from $118.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Rosenblatt Securities set a $75.00 target price on shares of Netflix and gave the stock a “neutral” rating in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $104.21.

Check Out Our Latest Stock Analysis on NFLX

Netflix 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.

See Also

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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