Skandinaviska Enskilda Banken AB publ Purchases 1,182 Shares of Netflix, Inc. (NASDAQ:NFLX)

Skandinaviska Enskilda Banken AB publ lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,919 shares of the Internet television network’s stock after buying an additional 1,182 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Netflix were worth $59,980,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Precision Wealth Strategies LLC lifted its holdings in shares of Netflix by 3.5% during the fourth quarter. Precision Wealth Strategies LLC now owns 2,444 shares of the Internet television network’s stock worth $1,190,000 after purchasing an additional 83 shares during the period. Gilbert & Cook Inc. boosted its holdings in shares of Netflix by 5.9% in the 4th quarter. Gilbert & Cook Inc. now owns 2,177 shares of the Internet television network’s stock worth $1,060,000 after buying an additional 121 shares during the last quarter. Aveo Capital Partners LLC grew its holdings in Netflix by 6.9% during the fourth quarter. Aveo Capital Partners LLC now owns 667 shares of the Internet television network’s stock valued at $325,000 after purchasing an additional 43 shares during the period. Gryphon Financial Partners LLC boosted its holdings in Netflix by 20.4% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,971 shares of the Internet television network’s stock worth $1,933,000 after buying an additional 674 shares during the period. Finally, Quest Partners LLC purchased a new position in Netflix during the 4th quarter valued at about $370,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Guggenheim increased their price target on shares of Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. UBS Group increased their price target on shares of Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Argus upped their target price on Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. China Renaissance started coverage on Netflix in a report on Thursday, September 5th. They set a “hold” rating and a $680.00 target price on the stock. Finally, Citigroup lifted their price target on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $685.29.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Jay C. Hoag sold 43,750 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total value of $30,059,312.50. Following the transaction, the director now owns 95,040 shares in the company, valued at approximately $65,299,132.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 196,798 shares of company stock worth $129,552,672. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 2.0 %

Netflix stock opened at $704.32 on Friday. Netflix, Inc. has a one year low of $344.73 and a one year high of $715.66. The company has a market cap of $303.56 billion, a price-to-earnings ratio of 48.88, a P/E/G ratio of 1.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a 50-day moving average of $661.93 and a 200-day moving average of $639.96.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping the consensus estimate of $4.74 by $0.14. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. Netflix’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.29 EPS. On average, equities analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

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.