Alecta Tjanstepension Omsesidigt Lowers Holdings in Netflix, Inc. (NASDAQ:NFLX)

Alecta Tjanstepension Omsesidigt trimmed its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 13.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 451,200 shares of the Internet television network's stock after selling 73,000 shares during the period. Netflix accounts for about 2.4% of Alecta Tjanstepension Omsesidigt's investment portfolio, making the stock its 13th biggest holding. Alecta Tjanstepension Omsesidigt owned about 0.11% of Netflix worth $420,649,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. United Bank bought a new stake in shares of Netflix in the first quarter worth approximately $219,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Netflix by 4.0% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 414,228 shares of the Internet television network's stock valued at $386,280,000 after purchasing an additional 15,857 shares in the last quarter. Wesleyan Assurance Society purchased a new position in Netflix during the first quarter valued at approximately $933,000. Crystal Rock Capital Management lifted its holdings in shares of Netflix by 203.2% in the first quarter. Crystal Rock Capital Management now owns 2,350 shares of the Internet television network's stock worth $2,191,000 after buying an additional 1,575 shares in the last quarter. Finally, Garner Asset Management Corp lifted its holdings in shares of Netflix by 9.0% in the first quarter. Garner Asset Management Corp now owns 699 shares of the Internet television network's stock worth $652,000 after buying an additional 58 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NFLX. UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a research note on Saturday. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,500.00 price objective on shares of Netflix in a research note on Friday. Citigroup reissued a "neutral" rating and set a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Sanford C. Bernstein increased their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Finally, FBN Securities started coverage on shares of Netflix in a research report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price target for the company. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $1,297.66.

Insider Buying and Selling at Netflix

In other Netflix news, Director Ann Mather sold 1,090 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Strive Masiyiwa sold 290 shares of the firm's stock in a transaction 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 186,563 shares of company stock valued at $223,147,201. Corporate insiders own 1.37% of the company's stock.

Netflix Trading Down 3.5%

NASDAQ NFLX traded down $43.19 during trading on Tuesday, hitting $1,190.08. The stock had a trading volume of 5,033,206 shares, compared to its average volume of 3,769,697. The company has a market capitalization of $505.70 billion, a PE ratio of 50.71, a PEG ratio of 2.08 and a beta of 1.59. The company has a quick ratio of 1.20, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average price of $1,232.59 and a 200 day moving average price of $1,063.17. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The business's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.88 earnings per share. As a group, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

About Netflix

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.