Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Avanza Fonder AB

Avanza Fonder AB cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,542 shares of the Internet television network's stock after selling 1,996 shares during the period. Netflix accounts for about 0.9% of Avanza Fonder AB's portfolio, making the stock its 16th biggest position. Avanza Fonder AB's holdings in Netflix were worth $25,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Pathway Financial Advisers LLC boosted its stake in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares during the period. Brown Shipley& Co Ltd bought a new stake in Netflix in the fourth quarter worth about $27,000. Transce3nd LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $32,000. Pineridge Advisors LLC grew its stake in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after buying an additional 40 shares during the last quarter. Finally, Copia Wealth Management purchased a new stake in shares of Netflix in the fourth quarter worth approximately $37,000. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In related news, Director Jay C. Hoag sold 32,515 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the transaction, the director now directly owns 79,040 shares of the company's stock, valued at $87,099,708.80. This trade represents a 29.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Reed Hastings sold 26,977 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the sale, the director now directly owns 394 shares in the company, valued at approximately $446,421.70. This represents a 98.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,140 shares of company stock valued at $210,271,552 in the last quarter. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Up 1.6%

Shares of Netflix stock traded up $18.99 on Wednesday, reaching $1,222.61. The stock had a trading volume of 900,483 shares, compared to its average volume of 3,750,595. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $520.31 billion, a P/E ratio of 61.65, a P/E/G ratio of 2.12 and a beta of 1.59. The company has a 50 day moving average price of $1,099.31 and a 200 day moving average price of $992.93. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,262.81.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion for 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 period in the previous year, the company earned $8.28 earnings per share. As a group, equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. restated a "neutral" rating and set a $1,220.00 price objective (up previously from $1,150.00) on shares of Netflix in a report on Monday, May 19th. Guggenheim reissued a "buy" rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Macquarie upped their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Oppenheimer reaffirmed an "outperform" rating and issued a $1,200.00 price target (up previously from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $1,126.00 price objective on shares of Netflix in a research report on Thursday, April 17th. Eleven equities research 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,149.91.

Netflix 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.