Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 3,600 Shares of Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Netflix by 4.0%, acquiring an additional 3,600 shares, bringing its total holdings to 93,686 shares valued at approximately $87.37 million.
• Netflix reported a 15.9% year-over-year revenue growth with earnings per share of $7.19 for the latest quarter, surpassing analysts' expectations.
• Institutional investors own approximately 80.93% of Netflix's stock, indicating strong institutional interest in the company.

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,686 shares of the Internet television network's stock after acquiring an additional 3,600 shares during the period. Netflix comprises approximately 1.0% of Fjarde AP Fonden Fourth Swedish National Pension Fund's investment portfolio, making the stock its 19th largest holding. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Netflix were worth $87,365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Brighton Jones LLC raised 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 period. Revolve Wealth Partners LLC raised 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 period. BIP Wealth LLC raised 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 period. Acorns Advisers LLC increased its position in shares of Netflix by 3.9% during the fourth quarter. Acorns Advisers LLC now owns 583 shares of the Internet television network's stock valued at $520,000 after buying an additional 22 shares during the period. Finally, Stenger Family Office LLC bought a new stake in shares of Netflix during the fourth quarter valued at about $3,897,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

NASDAQ NFLX traded up $8.39 during trading hours on Friday, reaching $1,238.95. The company's stock had a trading volume of 2,766,194 shares, compared to its average volume of 3,760,348. The firm's 50-day moving average price is $1,231.23 and its 200-day moving average price is $1,103.00. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 1 year low of $660.80 and a 1 year high of $1,341.15. The company has a market capitalization of $526.47 billion, a price-to-earnings ratio of 52.79, a PEG ratio of 2.09 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, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The company had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the previous year, the firm earned $4.88 EPS. The firm's revenue was up 15.9% compared to the same quarter last year. On average, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Director Reed Hastings sold 26,933 shares of Netflix stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $1,211.66, for a total value of $32,633,638.78. Following the sale, the director owned 394 shares of the company's stock, valued at $477,394.04. The trade was a 98.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,824,949.02. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,307 shares of company stock valued at $179,443,809 in the last 90 days. 1.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NFLX. UBS Group reiterated a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Netflix in a research note on Tuesday, August 12th. Wedbush reaffirmed an "outperform" rating and issued a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Finally, Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

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.