Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Boosted by Forsta AP Fonden

Forsta AP Fonden boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 7.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 121,400 shares of the Internet television network’s stock after purchasing an additional 8,700 shares during the quarter. Netflix comprises 0.7% of Forsta AP Fonden’s holdings, making the stock its 22nd biggest position. Forsta AP Fonden’s holdings in Netflix were worth $86,105,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Netflix by 15.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 214,795 shares of the Internet television network’s stock worth $151,935,000 after purchasing an additional 28,861 shares during the period. Parcion Private Wealth LLC boosted its holdings in shares of Netflix by 31.2% in the third quarter. Parcion Private Wealth LLC now owns 1,960 shares of the Internet television network’s stock valued at $1,390,000 after acquiring an additional 466 shares in the last quarter. Outlook Wealth Advisors LLC increased its stake in shares of Netflix by 3.8% during the third quarter. Outlook Wealth Advisors LLC now owns 1,074 shares of the Internet television network’s stock valued at $762,000 after acquiring an additional 39 shares during the period. Lyell Wealth Management LP raised its holdings in Netflix by 13.0% during the third quarter. Lyell Wealth Management LP now owns 14,569 shares of the Internet television network’s stock worth $10,333,000 after purchasing an additional 1,678 shares in the last quarter. Finally, Highland Capital Management LLC raised its position in Netflix by 4.3% in the third quarter. Highland Capital Management LLC now owns 7,434 shares of the Internet television network’s stock worth $5,273,000 after acquiring an additional 305 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NFLX shares. Oppenheimer raised their target price on shares of Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Wells Fargo & Company increased their price target on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. increased their target price on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, TD Cowen upped their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $747.70.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 25,599 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total value of $16,163,976.57. Following the sale, the chairman now owns 57 shares of the company’s stock, valued at $35,991.51. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Chairman Reed Hastings sold 25,599 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total value of $16,163,976.57. Following the sale, the chairman now owns 57 shares of the company’s stock, valued at $35,991.51. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 229,711 shares of company stock valued at $153,905,830. 1.76% of the stock is currently owned by corporate insiders.

Netflix Trading Up 0.0 %

NASDAQ NFLX traded up $0.13 during trading on Friday, reaching $754.68. 2,819,473 shares of the stock traded hands, compared to its average volume of 3,721,664. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a fifty-two week low of $395.62 and a fifty-two week high of $773.00. The stock’s 50-day moving average price is $706.67 and its 200 day moving average price is $659.30. The firm has a market cap of $322.60 billion, a price-to-earnings ratio of 42.71, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26.

Netflix Company 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.