Andra AP fonden Has $33.49 Million Stock Holdings in Netflix, Inc. $NFLX

Andra AP fonden reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 469,050 shares of the Internet television network’s stock after selling 16,140 shares during the period. Andra AP fonden’s holdings in Netflix were worth $33,490,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. BlackRock Inc. acquired a new position in shares of Netflix during the 2nd quarter worth $24,902,221,000. Geode Capital Management LLC boosted its stake in 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 valued at $9,305,336,000 after buying an additional 89,558,684 shares in the last quarter. Capital World Investors grew its position in Netflix by 859.1% in the fourth quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network’s stock valued at $8,376,656,000 after acquiring an additional 80,025,890 shares during the last quarter. Norges Bank bought a new position in Netflix in the fourth quarter valued at about $5,803,248,000. Finally, Invesco Ltd. raised its stake in Netflix by 835.9% during the fourth quarter. Invesco Ltd. now owns 43,462,696 shares of the Internet television network’s stock worth $4,075,062,000 after acquiring an additional 38,818,947 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider David Hyman sold 5,723 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total transaction of $416,920.55. Following the completion of the transaction, the insider directly owned 316,100 shares in the company, valued at $23,027,885. This trade represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theodore Sarandos sold 27,312 shares of Netflix stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $73.35, for a total value of $2,003,335.20. Following the completion of the transaction, the chief executive officer directly owned 178,954 shares in the company, valued at approximately $13,126,275.90. This represents a 13.24% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 179,045 shares of company stock valued at $13,132,194. Corporate insiders own 1.24% of the company’s stock.

Netflix Trading Down 1.9%

Shares of NASDAQ:NFLX traded down $1.43 during mid-day trading on Tuesday, reaching $71.94. 16,992,276 shares of the company’s stock were exchanged, compared to its average volume of 42,875,742. 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 twelve month low of $65.08 and a twelve month high of $124.86. The firm has a market capitalization of $299.53 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 1.01 and a beta of 1.53. The business’s fifty day moving average price is $75.81 and its 200-day moving average price is $83.86.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.Netflix’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. On average, research analysts predict that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bill Ackman’s Pershing Square disclosed a roughly $1 billion Netflix position, signaling confidence that the company’s current business prospects are stronger than when Ackman exited the stock in 2022. Ackman Bets $1 Billion on Netflix Redemption After $400 Million 2022 Loss
• Positive Sentiment: BMO argued that investors may be overly negative after Netflix’s more than 20% year-to-date decline, while other analysts said valuation and the company’s long-term cash-generation potential could limit further downside. Investors Are Overly Negative, Says BMO About Netflix Stock
• Neutral Sentiment: Netflix’s next quarterly report, expected around October 20, is becoming an important catalyst as investors look for evidence that subscriber engagement, content performance and revenue growth remain healthy. Should You Buy Netflix Stock Before Oct. 20?
• Neutral Sentiment: Netflix’s decision to stay out of the potential Paramount-Warner Bros. Discovery transaction avoids acquisition risk, but it also leaves the company without the additional scale or content assets that a deal could have provided. Paramount Could Acquire Warner Bros. Discovery Sooner Than Expected
• Negative Sentiment: HSBC downgraded Netflix from Buy to Hold and reduced its price target by 21% to $76, citing a less favorable risk-reward profile. Netflix Stock Falls after HSBC Downgrade and 21% Price Target Cut
• Negative Sentiment: Wells Fargo cut Netflix to Underweight and lowered its target to $57 from $80, pointing to engagement concerns, intensifying competition and a deceleration in growth. These calls have reinforced the recent selloff and pushed shares below their long-term moving averages. Wells Fargo Cuts Netflix to Underweight

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NFLX shares. Jefferies Financial Group reduced their price target on shares of Netflix from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, July 17th. Daiwa Securities Group decreased their target price on shares of Netflix from $102.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Barclays lowered their price target on shares of Netflix from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Friday, July 17th. KeyCorp reiterated an “overweight” rating and issued a $92.00 price target (down from $115.00) on shares of Netflix in a research note on Monday, July 13th. Finally, Citigroup reissued a “market perform” rating on shares of Netflix in a report on Monday, August 17th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.51.

About Netflix

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.