Xact Kapitalforvaltning AB Has $30.53 Million Stake in Netflix, Inc. (NFLX)

Xact Kapitalforvaltning AB reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,598 shares of the Internet television network’s stock after selling 2,624 shares during the period. Netflix accounts for approximately 1.5% of Xact Kapitalforvaltning AB’s portfolio, making the stock its 16th largest position. Xact Kapitalforvaltning AB’s holdings in Netflix were worth $30,528,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NFLX. Verition Fund Management LLC bought a new position in Netflix in the first quarter worth about $265,000. Atlantic Trust Group LLC raised its stake in Netflix by 65.4% in the first quarter. Atlantic Trust Group LLC now owns 28,079 shares of the Internet television network’s stock worth $8,293,000 after buying an additional 11,099 shares in the last quarter. Moors & Cabot Inc. raised its stake in Netflix by 12.5% in the first quarter. Moors & Cabot Inc. now owns 1,895 shares of the Internet television network’s stock worth $560,000 after buying an additional 210 shares in the last quarter. Navellier & Associates Inc raised its stake in Netflix by 20.3% in the first quarter. Navellier & Associates Inc now owns 4,800 shares of the Internet television network’s stock worth $1,418,000 after buying an additional 809 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its stake in Netflix by 49,540.2% in the first quarter. Summit Trail Advisors LLC now owns 907,422 shares of the Internet television network’s stock worth $907,000 after buying an additional 905,594 shares in the last quarter. Institutional investors own 73.83% of the company’s stock.

In other news, Director Timothy M. Haley sold 21,882 shares of the stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $336.41, for a total transaction of $7,361,323.62. Following the sale, the director now owns 9,177 shares in the company, valued at $3,087,234.57. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO David B. Wells sold 1,000 shares of the stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $337.86, for a total transaction of $337,860.00. Following the sale, the chief financial officer now owns 1,000 shares in the company, valued at approximately $337,860. The disclosure for this sale can be found here. In the last quarter, insiders have sold 403,334 shares of company stock worth $142,463,785. Corporate insiders own 4.29% of the company’s stock.

Shares of NASDAQ:NFLX traded up $8.10 during trading on Friday, reaching $354.81. 57,955 shares of the stock traded hands, compared to its average volume of 12,086,094. Netflix, Inc. has a 52-week low of $178.38 and a 52-week high of $423.21. The company has a quick ratio of 1.54, a current ratio of 1.39 and a debt-to-equity ratio of 1.66. The stock has a market cap of $158.81 billion, a price-to-earnings ratio of 279.70, a PEG ratio of 4.66 and a beta of 0.89.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.21. Netflix had a net margin of 8.48% and a return on equity of 29.52%. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. The business’s revenue for the quarter was up 34.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Netflix, Inc. will post 2.61 earnings per share for the current year.

NFLX has been the subject of a number of research reports. Pivotal Research increased their price target on shares of Netflix from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, June 21st. Credit Suisse Group reissued a “neutral” rating and issued a $330.00 price target on shares of Netflix in a research note on Thursday, June 21st. Zacks Investment Research downgraded shares of Netflix from a “hold” rating to a “sell” rating in a research note on Monday, June 25th. Imperial Capital initiated coverage on shares of Netflix in a research note on Tuesday, June 26th. They issued an “outperform” rating and a $503.00 price target for the company. Finally, Bank of America increased their price target on shares of Netflix from $352.00 to $460.00 and gave the stock a “buy” rating in a research note on Wednesday, June 27th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty-one have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $376.83.

About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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