PensionDanmark Pensionsforsikringsaktieselskab Decreases Position in Netflix, Inc. $NFLX

PensionDanmark Pensionsforsikringsaktieselskab decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 8.3% in the 2nd quarter, Holdings Channel reports. The fund owned 851,335 shares of the Internet television network’s stock after selling 77,324 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Netflix were worth $60,785,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Mirabaud & Cie SA grew its holdings in Netflix by 3.3% during the 2nd quarter. Mirabaud & Cie SA now owns 24,946 shares of the Internet television network’s stock valued at $1,781,000 after purchasing an additional 795 shares in the last quarter. Orser Capital Management LLC acquired a new position in Netflix in the 2nd quarter worth $1,378,000. 55 North Private Wealth LLC boosted its position in Netflix by 2.6% in the 2nd quarter. 55 North Private Wealth LLC now owns 9,651 shares of the Internet television network’s stock valued at $689,000 after buying an additional 240 shares during the last quarter. Clark Asset Management LLC boosted its position in Netflix by 4.6% in the 2nd quarter. Clark Asset Management LLC now owns 15,993 shares of the Internet television network’s stock valued at $1,142,000 after buying an additional 701 shares during the last quarter. Finally, Sarasin & Partners LLP grew its stake in shares of Netflix by 10.5% during the second quarter. Sarasin & Partners LLP now owns 2,736,198 shares of the Internet television network’s stock valued at $195,365,000 after acquiring an additional 259,794 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, Director Reed Hastings sold 386,700 shares of Netflix stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $85.97, for a total value of $33,244,599.00. Following the transaction, the director owned 3,940 shares in the company, valued at approximately $338,721.80. The trade was a 98.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bradford L. Smith sold 35,990 shares of Netflix stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total value of $2,789,944.80. Following the completion of the transaction, the director owned 79,690 shares in the company, valued at $6,177,568.80. The trade was a 31.11% 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. Over the last three months, insiders have sold 591,047 shares of company stock valued at $48,355,766. Corporate insiders own 1.24% of the company’s stock.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is reportedly considering launching always-on, linear-style streaming channels. The move could increase viewing time, improve content monetization and appeal to viewers seeking a traditional television experience. Netflix Killed Cable TV. Now the Streaming Giant Wants to Bring It Back
• Positive Sentiment: An extended Grand Theft Auto VI gameplay trailer is scheduled to debut on Netflix on August 27. The partnership could generate attention and engagement, although it is unlikely to materially change Netflix’s near-term financial outlook. Take-Two Stock Slips Despite News of a GTA VI Trailer Coming to Netflix
• Neutral Sentiment: Director Richard Barton’s sale of 2,160 shares was executed under a pre-arranged Rule 10b5-1 plan, making it a relatively limited signal about management’s current view of NFLX. The director retained 246 shares afterward. Netflix’s Latest Insider Sale Looks Bigger Than It Is
• Neutral Sentiment: Insider David Hyman previously sold shares to cover tax withholding tied to vested equity awards, another transaction with limited fundamental significance. Netflix’s latest quarter showed earnings slightly above expectations and 13.4% year-over-year revenue growth, but sales narrowly missed consensus.
• Negative Sentiment: CEO Gregory Peters sold 27,312 shares worth approximately $2.0 million. Although the filing did not identify a 10b5-1 plan, he continues to own more than 120,000 shares; nevertheless, the sale adds to investor concern after multiple insider transactions. Netflix Insider Plans Stock Sale as NFLX Shares Slip
• Negative Sentiment: Netflix has reportedly underperformed the S&P 500 by a wide margin over the past year. Concerns about weaker engagement, reduced viewing-data disclosure and intensifying streaming competition are weighing on sentiment and valuation. Netflix and MercadoLibre Are Underperforming the S&P 500

Netflix Trading Down 0.7%

NASDAQ:NFLX opened at $73.69 on Friday. The stock has a market cap of $306.84 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 0.93 and a beta of 1.52. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. The business has a fifty day moving average of $75.56 and a 200-day moving average of $84.95. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $126.71.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. The firm had revenue of $12.56 billion for the quarter, compared to analysts’ expectations of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 earnings per share. Equities analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on NFLX. Bank of America reiterated a “buy” rating and issued a $125.00 price target on shares of Netflix in a research note on Monday, May 18th. Jefferies Financial Group dropped their price objective on Netflix from $128.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, June 10th. Rosenblatt Securities set a $75.00 target price on Netflix and gave the company a “neutral” rating in a research report on Friday, July 17th. Morgan Stanley reiterated an “overweight” rating and set a $90.00 target price (down from $115.00) on shares of Netflix in a research note on Tuesday, July 14th. Finally, BMO Capital Markets downgraded shares of Netflix from an “outperform” rating to a “market perform” rating in a research report on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $103.48.

Netflix Company Profile

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.