Netflix, Inc. $NFLX Shares Sold by Swedbank AB

Key Points

• Swedbank AB has reduced its stake in Netflix by 6.3%, now owning approximately 437,489 shares worth $407.97 million.
• Several hedge funds increased their holdings in Netflix during Q1, with Resurgent Financial Advisors boosting their stake by 234.4%.
• Analysts have raised Netflix's target price recently, with Bank of America setting a new target at $1,490 and consensus rating of "Moderate Buy".

Swedbank AB lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 437,489 shares of the Internet television network's stock after selling 29,276 shares during the period. Swedbank AB owned approximately 0.10% of Netflix worth $407,972,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Resurgent Financial Advisors LLC increased its stake in Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after buying an additional 708 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Netflix by 42.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock valued at $412,059,000 after buying an additional 130,946 shares during the period. PharVision Advisers LLC acquired a new position in Netflix during the 4th quarter valued at about $873,000. New England Research & Management Inc. raised its position in shares of Netflix by 148.5% during the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after buying an additional 1,268 shares in the last quarter. Finally, Westbourne Investments Inc. raised its holdings in shares of Netflix by 107.9% in the 1st quarter. Westbourne Investments Inc. now owns 2,408 shares of the Internet television network's stock worth $2,246,000 after purchasing an additional 1,250 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on NFLX. Bank of America boosted their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Rosenblatt Securities upped their target price 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. Robert W. Baird upped their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Wolfe Research set a $1,340.00 price objective on shares of Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, The Goldman Sachs Group increased their price objective on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,317.58.

Netflix Stock Performance

Netflix stock opened at $1,203.50 on Friday. The company has a market cap of $511.40 billion, a PE ratio of 51.28, a PEG ratio of 2.10 and a beta of 1.60. The company's 50-day moving average is $1,220.29 and its two-hundred day moving average is $1,130.00. 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 1 year low of $677.88 and a 1 year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts' consensus estimates 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%. Netflix's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Reed Hastings sold 25,959 shares of the business's 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 sale, the director 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated 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 $14,793,240.64. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock valued at $109,498,489 over the last ninety days. 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.

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