Livforsakringsbolaget Skandia Omsesidigt Trims Stock Holdings in Netflix, Inc. $NFLX

Livforsakringsbolaget Skandia Omsesidigt reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 27.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 99,162 shares of the Internet television network’s stock after selling 37,400 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Netflix were worth $9,534,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NFLX. Vanguard Group Inc. lifted its position 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 worth $36,567,805,000 after purchasing an additional 351,493,659 shares during the last quarter. State Street Corp boosted its stake in shares of Netflix by 927.6% during the fourth quarter. State Street Corp now owns 176,780,995 shares of the Internet television network’s stock valued at $16,574,986,000 after purchasing an additional 159,578,053 shares during the period. Geode Capital Management LLC grew its holdings in shares of Netflix by 892.0% in the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock worth $9,305,336,000 after purchasing an additional 89,558,684 shares during the last quarter. Capital World Investors grew its holdings in shares of Netflix by 859.1% in the fourth quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network’s stock worth $8,376,656,000 after purchasing an additional 80,025,890 shares during the last quarter. Finally, Morgan Stanley increased its stake in Netflix by 903.0% in the 4th quarter. Morgan Stanley now owns 85,349,973 shares of the Internet television network’s stock worth $8,002,414,000 after buying an additional 76,840,318 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 9,253 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total value of $823,054.35. Following the completion of the transaction, the chief financial officer owned 73,787 shares of the company’s stock, valued at $6,563,353.65. The trade was a 11.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bradford L. Smith sold 35,990 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the completion of the transaction, the director directly owned 79,690 shares of the company’s stock, valued at $6,177,568.80. This trade represents a 31.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 899,839 shares of company stock valued at $80,141,661. 1.24% of the stock is currently owned by corporate insiders.

Key Netflix News

Here are the key news stories impacting Netflix this week:

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research analyst reports. Guggenheim reiterated a “buy” rating and set a $120.00 price objective on shares of Netflix in a report on Friday, May 15th. New Street Research upped their target price on shares of Netflix from $96.00 to $102.00 in a research note on Friday, April 17th. Morgan Stanley reaffirmed an “overweight” rating and set a $90.00 target price (down from $115.00) on shares of Netflix in a research report on Tuesday. Jefferies Financial Group decreased their price target on shares of Netflix from $128.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, June 10th. Finally, Citigroup reiterated a “buy” rating and issued a $100.00 price target (down from $115.00) on shares of Netflix in a report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.29.

Read Our Latest Stock Analysis on Netflix

Netflix Stock Down 0.4%

NASDAQ:NFLX opened at $73.53 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. Netflix, Inc. has a 1-year low of $70.86 and a 1-year high of $127.75. The company has a 50-day moving average of $81.09 and a 200 day moving average of $87.31. The firm has a market cap of $309.62 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 0.94 and a beta of 1.52.

Netflix (NASDAQ:NFLXGet Free Report) last posted its earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.47. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The business had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.17 billion. During the same quarter last year, the firm posted $6.61 EPS. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

About Netflix

(Free Report)

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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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