Netflix, Inc. $NFLX Stake Decreased by Alecta Tjanstepension Omsesidigt

Key Points

• Alecta Tjanstepension Omsesidigt reduced its stake in Netflix, Inc. by 2.0%, owning 442,000 shares as of the latest quarter.
• Several large investors, including Sumitomo Mitsui DS Asset Management and Signal Advisors Wealth LLC, increased their holdings in Netflix during the same period.
• Analysts have raised their price targets for Netflix, with the average target now around $1,328.87 and most rating the stock as a "Moderate Buy."

Alecta Tjanstepension Omsesidigt decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 442,000 shares of the Internet television network's stock after selling 9,200 shares during the quarter. Netflix makes up about 2.8% of Alecta Tjanstepension Omsesidigt's investment portfolio, making the stock its 7th biggest holding. Alecta Tjanstepension Omsesidigt owned 0.10% of Netflix worth $591,533,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Netflix by 3.7% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 56,642 shares of the Internet television network's stock worth $75,851,000 after purchasing an additional 2,004 shares during the last quarter. KMG Fiduciary Partners LLC boosted its holdings in Netflix by 3.6% during the second quarter. KMG Fiduciary Partners LLC now owns 4,525 shares of the Internet television network's stock worth $6,060,000 after purchasing an additional 157 shares during the last quarter. Shira Ridge Wealth Management acquired a new position in Netflix during the second quarter worth $254,000. Signal Advisors Wealth LLC boosted its holdings in Netflix by 300.5% during the second quarter. Signal Advisors Wealth LLC now owns 2,491 shares of the Internet television network's stock worth $3,336,000 after purchasing an additional 1,869 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its stake in Netflix by 4.0% in the second quarter. Focus Financial Network Inc. now owns 2,844 shares of the Internet television network's stock valued at $3,809,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on NFLX shares. Piper Sandler increased their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Sanford C. Bernstein increased their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Wall Street Zen upgraded shares of Netflix from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,328.87.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $19.19 during midday trading on Friday, reaching $1,226.97. 4,943,369 shares of the company were exchanged, compared to its average volume of 2,658,717. The stock's 50-day moving average price is $1,212.49 and its 200-day moving average price is $1,139.63. The stock has a market cap of $521.38 billion, a P/E ratio of 52.28, a PEG ratio of 2.03 and a beta of 1.60. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the company earned $4.88 EPS. The firm's revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. The trade was a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Reed Hastings sold 25,959 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the transaction, the director owned 394 shares in the company, valued at $475,837.74. The trade was a 98.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock worth $109,498,489 over the last quarter. 1.37% of the stock is currently owned by insiders.

About Netflix

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.