AMF Tjanstepension AB Has $142.64 Million Holdings in Netflix, Inc. $NFLX

Key Points

• AMF Tjanstepension AB increased its holdings in Netflix by 12.6%, owning 106,515 shares valued at approximately $142.64 million.
• Netflix's stock received mixed analyst ratings, with target prices varying between $1,300 and $1,560, reflecting an overall consensus rating of "Moderate Buy."
• The company's recent earnings report showed earnings per share (EPS) of $7.19, exceeding expectations, and revenue growth of 15.9% year-over-year.

AMF Tjanstepension AB raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 106,515 shares of the Internet television network's stock after acquiring an additional 11,921 shares during the period. Netflix makes up about 0.9% of AMF Tjanstepension AB's holdings, making the stock its 25th largest position. AMF Tjanstepension AB's holdings in Netflix were worth $142,637,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC grew its stake in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares during the period. Flaharty Asset Management LLC acquired a new stake in Netflix in the first quarter valued at approximately $37,000. Maseco LLP purchased a new position in shares of Netflix during the second quarter valued at approximately $39,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Netflix during the first quarter valued at approximately $42,000. Finally, 1248 Management LLC purchased a new position in shares of Netflix during the first quarter valued at approximately $43,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NFLX. Robert W. Baird lifted their target price on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Phillip Securities cut Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Wells Fargo & Company lifted their target price on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Loop Capital raised Netflix from a "hold" rating to a "buy" rating and lifted their target price for the company from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $1,500.00 target price on shares of Netflix in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,335.00.

Netflix Stock Performance

Shares of Netflix stock opened at $1,153.32 on Friday. The firm has a market capitalization of $490.08 billion, a P/E ratio of 49.14, a price-to-earnings-growth ratio of 1.96 and a beta of 1.59. The business's fifty day simple moving average is $1,207.36 and its 200 day simple moving average is $1,158.96. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15.

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

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Cletus R. Willems sold 238 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,100 shares of company stock valued at $122,710,980. 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.

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