Livforsakringsbolaget Skandia Omsesidigt Continues to Hold Stake in Netflix, Inc. (NFLX)
Livforsakringsbolaget Skandia Omsesidigt continued to hold its position in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,167 shares of the Internet television network’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Netflix were worth $1,220,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. CHURCHILL MANAGEMENT Corp raised its position in shares of Netflix by 1,487.2% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 190,989 shares of the Internet television network’s stock valued at $28,230,000 after buying an additional 178,956 shares during the period. Paradigm Financial Advisors LLC bought a new position in shares of Netflix during the first quarter valued at about $238,000. CENTRAL TRUST Co raised its position in shares of Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock valued at $125,000 after buying an additional 682 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in Netflix by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 373,360 shares of the Internet television network’s stock valued at $55,187,000 after buying an additional 12,440 shares in the last quarter. Finally, Atalanta Sosnoff Capital LLC acquired a new stake in Netflix during the first quarter valued at $379,000. Institutional investors own 82.77% of the company’s stock.
Netflix, Inc. (NASDAQ:NFLX) opened at 161.12 on Monday. The company’s 50-day moving average is $157.80 and its 200 day moving average is $144.87. Netflix, Inc. has a 1-year low of $84.50 and a 1-year high of $166.87. The stock has a market capitalization of $69.44 billion, a PE ratio of 208.43 and a beta of 0.99.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Netflix had a net margin of 3.55% and a return on equity of 12.73%. The firm’s revenue for the quarter was up 34.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. Equities analysts predict that Netflix, Inc. will post $1.05 earnings per share for the current year.
Several analysts have weighed in on the stock. Vetr downgraded shares of Netflix from a “buy” rating to a “hold” rating and set a $164.65 price target for the company. in a research note on Monday. BidaskClub raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Sunday. Cowen and Company reissued a “buy” rating and issued a $170.00 price target on shares of Netflix in a research note on Friday. FBR & Co reissued a “market perform” rating and issued a $145.00 price target on shares of Netflix in a research note on Friday. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $190.00 price target on shares of Netflix in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $151.47.
In other Netflix news, insider Gregory K. Peters sold 6,909 shares of the company’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $150.02, for a total transaction of $1,036,488.18. Following the completion of the transaction, the insider now directly owns 19,999 shares in the company, valued at $3,000,249.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Neil D. Hunt sold 10,000 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $151.91, for a total transaction of $1,519,100.00. Following the transaction, the insider now owns 462,460 shares of the company’s stock, valued at $70,252,298.60. The disclosure for this sale can be found here. Insiders have sold 421,458 shares of company stock valued at $64,206,893 over the last 90 days. 4.90% of the stock is currently owned by company insiders.
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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