KLP Kapitalforvaltning AS Has $168.63 Million Stake in Netflix, Inc. $NFLX

Key Points

• KLP Kapitalforvaltning AS boosted its Netflix stake by 905.3% in Q4 to 1,798,530 shares worth $168.63 million, making NFLX its 19th largest holding (0.7% of assets).
• Netflix beat quarterly estimates (EPS $1.23 vs. $0.76 expected; revenue $12.25B) but issued soft Q2 guidance (EPS 0.78) and the announced board exit of co‑founder Reed Hastings weighed on sentiment and the stock.
• Major institutions (e.g., Baillie Gifford, Sumitomo Mitsui, Nordea) dramatically increased positions, leaving institutional ownership at ~80.9%, while insiders sold roughly 1.49M shares last quarter, including Reed Hastings' 420,550‑share sale.

KLP Kapitalforvaltning AS boosted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 905.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,798,530 shares of the Internet television network's stock after buying an additional 1,619,630 shares during the period. Netflix makes up 0.7% of KLP Kapitalforvaltning AS's holdings, making the stock its 19th biggest holding. KLP Kapitalforvaltning AS's holdings in Netflix were worth $168,630,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Netflix by 0.4% in the third quarter. Vanguard Group Inc. now owns 38,521,322 shares of the Internet television network's stock valued at $46,183,983,000 after buying an additional 142,238 shares during the period. Baillie Gifford & Co. lifted its holdings in Netflix by 912.3% in the fourth quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network's stock valued at $3,463,498,000 after buying an additional 33,290,988 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Netflix by 891.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,099,908 shares of the Internet television network's stock valued at $1,134,487,000 after buying an additional 10,879,276 shares during the period. Nordea Investment Management AB lifted its holdings in Netflix by 886.6% in the fourth quarter. Nordea Investment Management AB now owns 9,667,997 shares of the Internet television network's stock valued at $902,798,000 after buying an additional 8,688,113 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Netflix by 430.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,738,241 shares of the Internet television network's stock valued at $631,777,000 after buying an additional 5,468,262 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Down 2.4%

NFLX opened at $92.58 on Wednesday. Netflix, Inc. has a 1-year low of $75.01 and a 1-year high of $134.12. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.43. The company has a market cap of $389.84 billion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 1.25 and a beta of 1.67. The company has a fifty day moving average price of $92.68 and a two-hundred day moving average price of $98.06.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, topping the consensus estimate of $0.76 by $0.47. The company had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The firm's revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the previous year, the firm posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Analysts predict that Netflix, Inc. will post 3.19 EPS for the current fiscal year.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is in negotiations to buy the historic Radford Studio Center, a move that could lower production costs, give Netflix more control over studio capacity and protect content pipelines — a long‑term margin tailwind. Netflix In Negotiations To Buy Radford Studios
• Positive Sentiment: Wall Street and notable investors are buying the dip: JPMorgan called it a buying opportunity and several firms (Phillip Securities, Seaport Research) raised targets or reiterated buys; ARK/Cathie Wood has been accumulating — these actions support upside vs. the recent pullback. Buy the Dip in Netflix Stock Now, Says JPMorgan Phillip Securities Adjusts Price Target on Netflix Cathie Wood Is Buying Netflix Again
• Neutral Sentiment: Strategic narrative shift — analysts and commentators highlight Netflix’s “pivot to profit” (focus on ad revenue, sports/events, gaming and 2026 margin targets). This supports a longer‑term thesis but requires execution; it’s more a structural positive than an immediate catalyst.
• Negative Sentiment: An Italian court ruled some past price increases unlawful and ordered refunds to subscribers, creating a regulatory/legal headwind that could limit pricing flexibility in Europe and set a precedent for other markets. Italian court rules every Netflix price hike from 2017 to 2024 unlawful
• Negative Sentiment: Near‑term sentiment was hit by softer Q2 guidance and the announced exit of co‑founder Reed Hastings from the board; that guidance miss prompted the recent selloff and remains the primary driver of short‑term downward pressure. Netflix Shares Drop As Soft Outlook, Reed Hastings Exit Weigh On Sentiment

Wall Street Analyst Weigh In

NFLX has been the topic of several recent analyst reports. Moffett Nathanson boosted their target price on shares of Netflix from $115.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, April 14th. Guggenheim set a $120.00 price target on shares of Netflix and gave the company a "buy" rating in a research note on Friday. Benchmark reaffirmed a "hold" rating on shares of Netflix in a research note on Tuesday, January 13th. China Renaissance lifted their price target on shares of Netflix from $90.00 to $100.00 and gave the company a "hold" rating in a research note on Friday, April 17th. Finally, Canaccord Genuity Group set a $125.00 price target on shares of Netflix and gave the company a "buy" rating in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $114.85.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 5,727 shares of the business's stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $81.06, for a total transaction of $464,230.62. Following the completion of the sale, the insider directly owned 316,100 shares of the company's stock, valued at $25,623,066. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Reed Hastings sold 420,550 shares of the business's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $95.49, for a total transaction of $40,158,319.50. Following the sale, the director directly owned 3,940 shares of the company's stock, valued at approximately $376,230.60. The trade was a 99.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,487,794 shares of company stock valued at $136,255,772 over the last quarter. 1.37% of the stock is currently owned by company insiders.

Netflix Company Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company's primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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