Lansforsakringar Fondforvaltning AB publ Purchases Shares of 191,044 Netflix, Inc. (NASDAQ:NFLX)

Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 191,044 shares of the Internet television network's stock, valued at approximately $170,281,000. Netflix accounts for approximately 2.0% of Lansforsakringar Fondforvaltning AB publ's portfolio, making the stock its 9th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital & Planning LLC bought a new position in shares of Netflix in the fourth quarter valued at $809,000. Brighton Jones LLC raised its holdings 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 worth $4,804,000 after acquiring an additional 257 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Netflix in the 4th quarter valued at about $12,212,000. Parsons Capital Management Inc. RI boosted its stake in Netflix by 6.2% during the 4th quarter. Parsons Capital Management Inc. RI now owns 1,049 shares of the Internet television network's stock valued at $935,000 after purchasing an additional 61 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its stake in Netflix by 19.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 4,132 shares of the Internet television network's stock valued at $3,683,000 after purchasing an additional 670 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NFLX has been the subject of several analyst reports. Oppenheimer reissued an "outperform" rating and issued a $1,200.00 price objective (up from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. KeyCorp increased their price target on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Cfra Research raised shares of Netflix to a "strong-buy" rating in a report on Monday, April 28th. Guggenheim reiterated a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Finally, UBS Group dropped their price target on shares of Netflix from $1,150.00 to $1,140.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,122.33.

Insiders Place Their Bets

In other news, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares in the company, valued at $362,933.10. This represents a 98.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,402,068.52. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 133,348 shares of company stock worth $139,087,908 in the last quarter. 1.37% of the stock is owned by company insiders.

Netflix Stock Performance

Netflix stock traded up $17.26 during mid-day trading on Friday, reaching $1,202.12. The company's stock had a trading volume of 4,685,541 shares, compared to its average volume of 3,753,361. The firm's fifty day moving average price is $1,055.18 and its two-hundred day moving average price is $971.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,215.91. The company has a market capitalization of $511.59 billion, a P/E ratio of 60.62, a PEG ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping 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 firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the company earned $8.28 earnings per share. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.