Livforsakringsbolaget Skandia Omsesidigt Has $11.56 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Livforsakringsbolaget Skandia Omsesidigt increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 29.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,401 shares of the Internet television network's stock after buying an additional 2,830 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Netflix were worth $11,561,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Pathway Financial Advisers LLC lifted its position in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares during the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix during the fourth quarter worth approximately $27,000. Transce3nd LLC acquired a new stake in shares of Netflix in the fourth quarter valued at $32,000. Pineridge Advisors LLC lifted its holdings in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Finally, Copia Wealth Management bought a new stake in Netflix during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Up 1.6%

Shares of NASDAQ:NFLX traded up $18.83 during midday trading on Wednesday, hitting $1,222.45. The company had a trading volume of 900,483 shares, compared to its average volume of 3,750,562. 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, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The stock has a market cap of $520.24 billion, a price-to-earnings ratio of 61.65, a PEG ratio of 2.12 and a beta of 1.59. The firm has a fifty day simple moving average of $1,099.31 and a 200 day simple moving average of $992.93.

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

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 25,360 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares in the company, valued at approximately $362,933.10. The trade was a 98.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cletus R. Willems sold 298 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total value of $339,124.00. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $35,972,180. This trade represents a 0.93% 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 valued at $210,271,552. Company insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NFLX. JPMorgan Chase & Co. restated a "neutral" rating and set a $1,220.00 price target (up previously from $1,150.00) on shares of Netflix in a report on Monday, May 19th. Bank of America boosted their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Wedbush reissued an "outperform" rating and issued a $1,200.00 price objective on shares of Netflix in a research note on Monday, May 5th. Rosenblatt Securities lifted their price objective on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Finally, Benchmark reiterated a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,149.91.

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.