Forsta AP Fonden Trims Stake in Netflix, Inc. (NASDAQ:NFLX)

Forsta AP Fonden cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,500 shares of the Internet television network's stock after selling 4,000 shares during the period. Netflix comprises about 0.8% of Forsta AP Fonden's investment portfolio, making the stock its 18th biggest position. Forsta AP Fonden's holdings in Netflix were worth $108,640,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock worth $3,164,134,000 after buying an additional 1,236,251 shares in the last quarter. Northern Trust Corp boosted its position in shares of Netflix by 14.3% during the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after acquiring an additional 570,674 shares during the last quarter. Vanguard Group Inc. grew its stake in Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after acquiring an additional 509,255 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in Netflix by 935.7% during the fourth quarter. Two Sigma Advisers LP now owns 461,900 shares of the Internet television network's stock valued at $411,701,000 after acquiring an additional 417,300 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 424 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the sale, the insider directly owned 31,610 shares of the company's stock, valued at $36,625,558.70. This represents a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Spencer Adam Neumann sold 685 shares of Netflix stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,161.21, for a total value of $795,428.85. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,286,026.11. This represents a 15.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 150,226 shares of company stock worth $183,849,784 in the last three months. Company insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

NFLX has been the topic of several research analyst reports. Phillip Securities cut shares of Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. Piper Sandler boosted their target price on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Bank of America raised their price target on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a report on Friday, May 30th. KeyCorp lifted their price objective on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Finally, Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Stock Performance

Shares of NFLX opened at $1,180.37 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market cap of $501.57 billion, a PE ratio of 50.29, a P/E/G ratio of 1.98 and a beta of 1.59. The stock has a fifty day moving average price of $1,232.06 and a 200-day moving average price of $1,091.12. Netflix, Inc. has a 12 month low of $616.02 and a 12 month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (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 during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the business posted $4.88 EPS. The firm's quarterly revenue was up 15.9% on a year-over-year basis. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.

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