PFA Pension Forsikringsaktieselskab Takes Position in Netflix, Inc. $NFLX

Key Points

• PFA Pension bought 2,379,300 Netflix shares (~$223.13 million) in Q4, making it the fund's 18th-largest holding; overall institutional ownership of Netflix is about 80.9% with major inflows from Vanguard, Baillie Gifford and others.
• Netflix beat Q1 estimates (EPS $1.23 vs $0.76; revenue $12.25B, +16.2% YoY) but issued conservative Q2 guidance (EPS 0.78), which pressured the stock even as analysts maintain a "Moderate Buy" consensus and a $114.82 average target.
• The board authorized a $25 billion share buyback and the company is expanding product features like a TikTok‑style "Clips" feed, yet renewed shareholder activism and significant insider selling add governance and sentiment risk.

PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,379,300 shares of the Internet television network's stock, valued at approximately $223,131,000. Netflix makes up approximately 0.6% of PFA Pension Forsikringsaktieselskab's investment portfolio, making the stock its 18th biggest position. PFA Pension Forsikringsaktieselskab owned 0.06% of Netflix as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Vanguard Group Inc. lifted its holdings in shares of Netflix by 912.5% during the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network's stock valued at $36,567,805,000 after purchasing an additional 351,493,659 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Netflix by 912.3% during the fourth quarter. Baillie Gifford & Co. now owns 36,940,035 shares of the Internet television network's stock valued at $3,463,498,000 after purchasing an additional 33,290,988 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Netflix by 639.9% during the fourth quarter. Jennison Associates LLC now owns 34,871,951 shares of the Internet television network's stock valued at $3,269,594,000 after purchasing an additional 30,158,900 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Netflix by 891.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,099,908 shares of the Internet television network's stock valued at $1,134,487,000 after purchasing an additional 10,879,276 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Netflix by 886.6% during the fourth quarter. Nordea Investment Management AB now owns 9,667,997 shares of the Internet television network's stock valued at $902,798,000 after purchasing an additional 8,688,113 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Down 1.7%

NFLX stock opened at $92.06 on Friday. Netflix, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $134.12. The business's 50-day moving average is $94.81 and its two-hundred day moving average is $96.77. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $387.65 billion, a price-to-earnings ratio of 29.74, a P/E/G ratio of 1.20 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.47. The company had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.Netflix's revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, analysts forecast that Netflix, Inc. will post 3.56 earnings per share for the current year.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Board authorized a large $25 billion share‑repurchase capacity, boosting optionality to reduce float and support the stock. Netflix, Inc. (NFLX) Expands Buyback Capacity with New $25B Authorization
• Positive Sentiment: Netflix is pushing mobile engagement with a TikTok‑style vertical "Clips" feed to increase viewing frequency and discovery on phones — a strategic product move to broaden usage. Netflix wants you to watch ‘Clips,' its TikTok-like vertical video feed
• Positive Sentiment: TV/market commentators and some TV‑trade segments are still listing NFLX among buy/long ideas, keeping some investor interest intact. Netflix, Cisco, Zoom And A Health Care Stock On CNBC's 'Final Trades'
• Neutral Sentiment: Analysts modestly raised forward EPS estimates (Erste Group nudged FY2026/FY2027 numbers slightly), but ratings remain mixed — small upside to estimates rather than a broad upgrade. Erste Group raises Netflix EPS estimates (MarketBeat summary)
• Neutral Sentiment: Investor attention metrics and media writeups (Zacks) show heightened interest — more eyeballs can amplify moves but don't guarantee direction. Netflix, Inc. (NFLX) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Market reaction remains focused on the company's conservative near‑term guidance (Q2 EPS guidance lower than some expected), which prompted profit‑taking despite the Q1 EPS beat. That guidance is a principal reason for downward pressure. Why Is Netflix Stock Falling, and is it a Generational Buying Opportunity?
• Negative Sentiment: Shareholder activism and governance scrutiny have returned to the headlines, adding uncertainty around strategic choices and valuation — a potential headwind for sentiment until resolved. Netflix Shareholder Activism Puts Governance And Valuation In Focus

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NFLX. DZ Bank reaffirmed a "buy" rating on shares of Netflix in a report on Friday, April 17th. Canaccord Genuity Group set a $125.00 target price on Netflix and gave the company a "buy" rating in a report on Wednesday, January 21st. Oppenheimer set a $120.00 target price on Netflix and gave the company an "outperform" rating in a report on Friday, April 17th. Rothschild & Co Redburn set a $120.00 target price on Netflix in a report on Wednesday, January 21st. Finally, TD Cowen lowered their target price on Netflix from $115.00 to $112.00 and set a "buy" rating on the stock in a report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $114.82.

Insiders Place Their Bets

In other Netflix news, insider Cletus R. Willems sold 3,136 shares of the company's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $82.67, for a total value of $259,253.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Reed Hastings sold 420,550 shares of the company's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $95.49, for a total value of $40,158,319.50. Following the completion of the sale, the director owned 3,940 shares of the company's stock, valued at approximately $376,230.60. The trade was a 99.07% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,382,013 shares of company stock valued at $127,482,296. 1.37% of the stock is currently owned by corporate insiders.

About Netflix

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company's primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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