Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Alecta Tjanstepension Omsesidigt

Alecta Tjanstepension Omsesidigt cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 13.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 451,200 shares of the Internet television network's stock after selling 73,000 shares during the quarter. Netflix comprises about 2.4% of Alecta Tjanstepension Omsesidigt's investment portfolio, making the stock its 13th largest position. Alecta Tjanstepension Omsesidigt owned approximately 0.11% of Netflix worth $420,649,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC grew its stake in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after acquiring an additional 257 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after acquiring an additional 144 shares during the last quarter. BIP Wealth LLC grew its stake in Netflix by 23.8% in the 4th quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock valued at $403,000 after acquiring an additional 87 shares during the last quarter. Samalin Investment Counsel LLC grew its stake in Netflix by 2.3% in the 4th quarter. Samalin Investment Counsel LLC now owns 498 shares of the Internet television network's stock valued at $445,000 after acquiring an additional 11 shares during the last quarter. Finally, Congress Wealth Management LLC DE grew its stake in Netflix by 10.3% in the 4th quarter. Congress Wealth Management LLC DE now owns 18,924 shares of the Internet television network's stock valued at $16,868,000 after acquiring an additional 1,771 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Up 0.3%

NASDAQ NFLX traded up $3.98 during mid-day trading on Thursday, hitting $1,180.76. The company's stock had a trading volume of 3,827,446 shares, compared to its average volume of 4,316,347. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,341.15. The stock's fifty day simple moving average is $1,236.60 and its two-hundred day simple moving average is $1,067.26. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.20. The firm has a market capitalization of $501.74 billion, a P/E ratio of 50.31, a price-to-earnings-growth ratio of 2.00 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the firm posted $4.88 earnings per share. Netflix's revenue for the quarter was up 15.9% compared to the same quarter last year. Research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In other Netflix news, Director Strive Masiyiwa sold 290 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,336.54, for a total value of $387,596.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,824,949.02. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 186,563 shares of company stock valued at $223,147,201 over the last three months. Company insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research reports. Cfra Research raised shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Robert W. Baird upped their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday. Macquarie upped their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Seaport Res Ptn lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Finally, Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

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.