Handelsbanken Fonder AB Has $287.32 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Handelsbanken Fonder AB boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 55.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,107 shares of the Internet television network's stock after purchasing an additional 110,162 shares during the quarter. Netflix comprises 1.2% of Handelsbanken Fonder AB's holdings, making the stock its 12th largest holding. Handelsbanken Fonder AB owned 0.07% of Netflix worth $287,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital & Planning LLC acquired a new position in Netflix during the 4th quarter valued at approximately $809,000. Brighton Jones LLC increased its stake in shares of 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 purchasing an additional 257 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Netflix during the 4th quarter worth approximately $12,212,000. Revolve Wealth Partners LLC lifted its holdings in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares in the last quarter. Finally, Stiles Financial Services Inc boosted its holdings in Netflix by 46.4% in the 4th quarter. Stiles Financial Services Inc now owns 868 shares of the Internet television network's stock worth $774,000 after buying an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of NASDAQ NFLX traded down $4.85 during midday trading on Thursday, reaching $1,215.03. The company's stock had a trading volume of 2,071,912 shares, compared to its average volume of 4,480,489. The company has a market cap of $517.08 billion, a price-to-earnings ratio of 61.27, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81. The company has a 50 day moving average price of $1,106.59 and a 200 day moving average price of $994.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the previous year, the company posted $8.28 earnings per share. On average, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total transaction of $469,526.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jay C. Hoag sold 31,750 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director now directly owns 63,040 shares in the company, valued at approximately $78,948,144. This represents a 33.50% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,140 shares of company stock worth $210,271,552. 1.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NFLX shares. Oppenheimer lifted their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research note on Thursday. Moffett Nathanson reaffirmed a "buy" rating and issued a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Citigroup reiterated a "neutral" rating and issued a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $1,220.00 price objective (up previously from $1,150.00) on shares of Netflix in a report on Monday, May 19th. Finally, Barclays boosted their target price on Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,156.73.

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.