Livforsakringsbolaget Skandia Omsesidigt Has $22.14 Million Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Livforsakringsbolaget Skandia Omsesidigt has increased its stake in Netflix by 33.4%, now holding 16,541 shares valued at approximately $22.14 million.
• Netflix's stock has received several upgraded price targets from analysts, with estimates reaching as high as $1,500, indicating a consensus rating of "Moderate Buy."
• Insider transactions include significant sales by CEO Gregory K. Peters and Director Reed Hastings, consolidating their stakes in the company by over 13% and 98%, respectively.

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 33.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,541 shares of the Internet television network's stock after buying an additional 4,140 shares during the period. Netflix comprises 1.0% of Livforsakringsbolaget Skandia Omsesidigt's investment portfolio, making the stock its 16th largest holding. Livforsakringsbolaget Skandia Omsesidigt's holdings in Netflix were worth $22,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC increased its stake in shares of 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 buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in shares of Netflix during the 4th quarter valued at $27,000. Ransom Advisory Ltd acquired a new position in Netflix in the 2nd quarter worth about $47,000. Flaharty Asset Management LLC acquired a new stake in shares of Netflix in the first quarter valued at about $37,000. Finally, Copia Wealth Management bought a new position in Netflix in the fourth quarter worth approximately $37,000. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the transaction, the director directly owned 394 shares of the company's stock, valued at $475,837.74. This represents a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock valued at $109,498,489 in the last ninety days. Insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NFLX shares. Piper Sandler upped their price objective on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Wedbush reaffirmed an "outperform" rating and set a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Seaport Res Ptn lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Wells Fargo & Company boosted their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Finally, Rosenblatt Securities upped their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $1,328.87.

Netflix Stock Down 0.2%

Shares of NASDAQ NFLX traded down $2.76 during mid-day trading on Monday, reaching $1,224.22. The company had a trading volume of 1,478,326 shares, compared to its average volume of 3,989,226. The company has a market capitalization of $520.21 billion, a price-to-earnings ratio of 52.18, a PEG ratio of 2.07 and a beta of 1.60. The stock has a fifty day moving average of $1,212.49 and a two-hundred day moving average of $1,142.30. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. 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 released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the firm posted $4.88 earnings per share. The company's quarterly 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. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

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.