Alecta Tjanstepension Omsesidigt Trims Stock Position in Netflix, Inc. $NFLX

Alecta Tjanstepension Omsesidigt trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 2.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 442,000 shares of the Internet television network’s stock after selling 9,200 shares during the quarter. Netflix makes up approximately 2.8% of Alecta Tjanstepension Omsesidigt’s holdings, making the stock its 7th largest position. Alecta Tjanstepension Omsesidigt owned 0.10% of Netflix worth $591,533,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Netflix by 3.7% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 56,642 shares of the Internet television network’s stock worth $75,851,000 after buying an additional 2,004 shares during the last quarter. KMG Fiduciary Partners LLC lifted its holdings in Netflix by 3.6% in the second quarter. KMG Fiduciary Partners LLC now owns 4,525 shares of the Internet television network’s stock worth $6,060,000 after acquiring an additional 157 shares during the last quarter. Shira Ridge Wealth Management acquired a new position in Netflix in the second quarter valued at approximately $254,000. Signal Advisors Wealth LLC boosted its stake in Netflix by 300.5% in the second quarter. Signal Advisors Wealth LLC now owns 2,491 shares of the Internet television network’s stock valued at $3,336,000 after acquiring an additional 1,869 shares during the period. Finally, Focus Financial Network Inc. grew its holdings in shares of Netflix by 4.0% during the second quarter. Focus Financial Network Inc. now owns 2,844 shares of the Internet television network’s stock valued at $3,809,000 after purchasing an additional 110 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Robert W. Baird raised their price target on Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. KeyCorp raised their target price on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and upped their price target for the stock from $1,150.00 to $1,350.00 in a research report on Wednesday. Wall Street Zen upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, Rosenblatt Securities upped their target price on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,328.87.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company’s stock, valued at approximately $4,457,842.16. This trade represents a 41.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock valued at $109,498,489 over the last three months. 1.37% of the stock is owned by insiders.

Netflix Stock Performance

NFLX opened at $1,228.50 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market cap of $522.02 billion, a PE ratio of 52.34, a P/E/G ratio of 2.02 and a beta of 1.60. The business has a fifty day simple moving average of $1,213.71 and a 200-day simple moving average of $1,136.26. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15.

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

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.