Netflix, Inc. $NFLX Shares Sold by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB reduced its stake in Netflix, Inc. by 1.3%, selling 2,477 shares and holding a total of 188,567 shares valued at approximately $175.8 million.
• Other institutional investors like GAMMA Investing LLC and Goldman Sachs Group Inc. have significantly increased their holdings in Netflix, reflecting growing investor confidence in the company.
• Netflix reported a better-than-expected quarterly earnings with an EPS of $7.19, surpassing estimates, and has set growth guidance for FY 2025 showing continued positive outlook.

Lansforsakringar Fondforvaltning AB publ reduced its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 188,567 shares of the Internet television network's stock after selling 2,477 shares during the period. Netflix comprises 1.1% of Lansforsakringar Fondforvaltning AB publ's holdings, making the stock its 14th biggest position. Lansforsakringar Fondforvaltning AB publ's holdings in Netflix were worth $175,844,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NFLX. GAMMA Investing LLC boosted its holdings in shares of Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Netflix in the 1st quarter valued at $2,385,585,000. Goldman Sachs Group Inc. boosted its holdings in shares of Netflix by 57.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock valued at $3,164,134,000 after acquiring an additional 1,236,251 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after acquiring an additional 509,255 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of Netflix by 935.7% in the 4th quarter. Two Sigma Advisers LP now owns 461,900 shares of the Internet television network's stock valued at $411,701,000 after acquiring an additional 417,300 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent research reports. Piper Sandler upped their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Seaport Res Ptn downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Canaccord Genuity Group reissued a "buy" rating on shares of Netflix in a report on Thursday, July 10th. UBS Group reissued a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. Finally, Rosenblatt Securities increased their price target on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

Netflix Price Performance

NFLX traded down $23.20 during midday trading on Friday, hitting $1,208.25. 3,206,585 shares of the company traded hands, compared to its average volume of 2,730,890. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $513.42 billion, a price-to-earnings ratio of 51.48, a PEG ratio of 2.03 and a beta of 1.59. Netflix, Inc. has a 52-week low of $660.80 and a 52-week high of $1,341.15. The business has a 50 day simple moving average of $1,231.11 and a two-hundred day simple moving average of $1,118.03.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company's revenue was up 15.9% compared to the same quarter last year. During the same period last year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Reed Hastings sold 26,933 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the transaction, the director directly owned 394 shares of the company's stock, valued at $477,394.04. This trade represents a 98.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jay C. Hoag sold 31,750 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the transaction, the director directly owned 63,040 shares in the company, valued at approximately $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 123,163 shares of company stock valued at $151,917,174. Insiders own 1.37% of the company's stock.

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.