Nykredit A S Purchases Shares of 1,480,345 Netflix, Inc. $NFLX

Key Points

• Nykredit A/S acquired 1.48 million Netflix shares during the second quarter, worth approximately $105.7 million, establishing a new position. Institutional investors collectively own 80.93% of Netflix.
• Netflix reported quarterly EPS of $0.80, slightly exceeding estimates, while revenue rose 13.4% year over year to $12.56 billion. The stock opened at $75.31, well below its 52-week high of $124.86.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $96.53, although several firms recently reduced their targets. Netflix insiders sold roughly $13.1 million in shares over the past 90 days.

Nykredit A S acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,480,345 shares of the Internet television network's stock, valued at approximately $105,697,000.

A number of other institutional investors also recently made changes to their positions in NFLX. Cornerstone Financial Management LLC acquired a new stake in Netflix during the 4th quarter worth approximately $26,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in Netflix in the 2nd quarter valued at $26,000. Lloyd Advisory Services LLC. bought a new position in Netflix during the 4th quarter worth $28,000. Core Wealth Advisors LLC bought a new position in Netflix during the 4th quarter worth $28,000. Finally, Evolution Wealth Management Inc. lifted its holdings in shares of Netflix by 2,284.6% during the fourth quarter. Evolution Wealth Management Inc. now owns 310 shares of the Internet television network's stock worth $29,000 after buying an additional 297 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

NFLX opened at $75.31 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. Netflix, Inc. has a 52-week low of $65.08 and a 52-week high of $124.86. The firm has a market cap of $313.59 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 1.08 and a beta of 1.53. The business's fifty day moving average is $75.85 and its 200-day moving average is $84.21.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. Netflix's revenue for the quarter was up 13.4% compared to the same quarter last year. Sell-side analysts expect that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider David A. Hyman sold 5,723 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total transaction of $416,920.55. Following the sale, the insider owned 316,100 shares in the company, valued at approximately $23,027,885. This trade represents a 1.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Neumann sold 9,248 shares of Netflix stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at $5,592,316.73. This trade represents a 11.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 179,045 shares of company stock worth $13,132,194. 1.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. New Street Research boosted their target price on shares of Netflix from $96.00 to $102.00 and gave the company a "neutral" rating in a research report on Friday, July 17th. Bank of America lowered their price target on shares of Netflix from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, July 17th. Rothschild & Co Redburn dropped their price objective on shares of Netflix from $120.00 to $93.00 and set a "buy" rating for the company in a research note on Tuesday, July 21st. Guggenheim set a $75.00 price objective on shares of Netflix and gave the company a "buy" rating in a report on Friday, July 17th. Finally, KeyCorp restated an "overweight" rating and set a $92.00 target price (down from $115.00) on shares of Netflix in a research report on Monday, July 13th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $96.53.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix Content Chief Bela Bajaria said the company is targeting “unmissable” live events and sports rather than building a broad sports offering. Potential access to international NFL games could improve subscriber acquisition, engagement and advertising opportunities. Netflix content chief defines live sports strategy
• Positive Sentiment: Netflix, Inc. joined Amazon and YouTube in forming the Streaming Access and Choice Alliance. The group will advocate for technology-neutral rules governing online platforms and traditional broadcasters in live-sports distribution, potentially helping Netflix compete for sports rights. Netflix joins streaming policy coalition
• Positive Sentiment: Investor-focused coverage highlighted rapid advertising growth, record buybacks and the possibility that Netflix’s newer businesses could substantially increase its value. Pershing Square’s reported new stake, along with historical evidence that major Netflix selloffs eventually recovered to new highs, also supports the bullish long-term case. Netflix advertising and buyback growth outlook Pershing Square takes a new Netflix stake
• Neutral Sentiment: Netflix’s latest “Monster” season, centered on Lizzie Borden, is generating publicity and may support engagement, but the entertainment coverage does not provide a measurable earnings catalyst. Netflix Monster Lizzie Borden season
• Negative Sentiment: Comparative analysis favored Disney, citing its diversified business, profitable streaming operation and content slate. That assessment may pressure Netflix’s valuation as investors compare growth prospects and competitive positioning across streaming stocks. Netflix versus Disney streaming stock comparison
• Negative Sentiment: Despite Netflix’s detailed live-sports strategy, the stock slipped, suggesting investors may be concerned about the cost of acquiring sports rights, execution risk and whether live events can generate returns high enough to justify additional spending. Netflix stock and live sports strategy

Netflix Company Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.

Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.

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