Swedbank AB Sells 28,752 Shares of Netflix, Inc. $NFLX

Swedbank AB cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 408,737 shares of the Internet television network’s stock after selling 28,752 shares during the quarter. Swedbank AB owned about 0.10% of Netflix worth $547,352,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix during the fourth quarter worth about $27,000. Copia Wealth Management bought a new stake in Netflix during the fourth quarter worth about $37,000. Flaharty Asset Management LLC bought a new stake in shares of Netflix in the 1st quarter worth approximately $37,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Netflix in the 1st quarter worth about $42,000. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the sale, the chief financial officer owned 3,691 shares of the company’s stock, valued at $4,457,842.16. The trade was a 41.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Reed Hastings sold 25,959 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the completion of the sale, the director owned 394 shares in the company, valued at $475,837.74. This represents a 98.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,348 shares of company stock worth $109,498,489. Insiders own 1.37% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $1,228.50 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $522.02 billion, a P/E ratio of 52.34, a P/E/G ratio of 2.02 and a beta of 1.60. The firm’s fifty day moving average is $1,213.71 and its two-hundred day moving average is $1,136.26. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the firm posted $4.88 EPS. Netflix’s revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the topic of several analyst reports. Wells Fargo & Company upped their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Oppenheimer upped their price objective on Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a research report on Thursday, June 12th. Piper Sandler upped their price target on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Robert W. Baird upped their price target on Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Finally, Phillip Securities downgraded Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,328.87.

Netflix 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.