DnB Asset Management AS Has $93.91 Million Stock Position in Netflix, Inc. $NFLX

Key Points

• DnB Asset Management AS reduced its stake in Netflix by 29.3%, selling 41,804 shares and now holds 100,699 shares valued at approximately $93.9 million.
• Institutional ownership of Netflix remains high, with over 80.93% of shares held by institutional investors and hedge funds.
• Analysts have differing views on Netflix's stock, with a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

DnB Asset Management AS lessened its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 29.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,699 shares of the Internet television network's stock after selling 41,804 shares during the quarter. DnB Asset Management AS's holdings in Netflix were worth $93,905,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC grew its holdings in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix during the fourth quarter valued at approximately $27,000. Copia Wealth Management acquired a new position in Netflix during the fourth quarter valued at approximately $37,000. Stuart Chaussee & Associates Inc. grew its holdings in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in Netflix during the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research analyst reports. Zacks Research lowered Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Piper Sandler upped their price target on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Barclays reiterated a "sell" rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. UBS Group reiterated a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,317.58.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction 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 approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction on 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 transaction, the director directly owned 394 shares of the company's stock, valued at approximately $475,837.74. The trade was 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.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded down $13.66 during trading on Friday, hitting $1,243.82. 2,378,410 shares of the stock were exchanged, compared to its average volume of 2,541,951. Netflix, Inc. has a 1-year low of $660.80 and a 1-year high of $1,341.15. The company has a market capitalization of $528.54 billion, a price-to-earnings ratio of 53.00, a price-to-earnings-growth ratio of 2.09 and a beta of 1.60. The company's fifty day simple moving average is $1,225.36 and its 200-day simple moving average is $1,124.35. 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 (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, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the prior year, the firm posted $4.88 EPS. Netflix'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. Sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.