AMF Tjanstepension AB Increases Holdings in Netflix, Inc. $NFLX

AMF Tjanstepension AB increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 12.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 106,515 shares of the Internet television network’s stock after purchasing an additional 11,921 shares during the quarter. Netflix comprises about 0.9% of AMF Tjanstepension AB’s holdings, making the stock its 25th largest position. AMF Tjanstepension AB’s holdings in Netflix were worth $142,637,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Resurgent Financial Advisors LLC grew its position in shares of Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock valued at $942,000 after purchasing an additional 708 shares in the last quarter. MRA Advisory Group grew its position in shares of Netflix by 28.4% in the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock valued at $1,231,000 after purchasing an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Netflix by 42.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock valued at $412,059,000 after purchasing an additional 130,946 shares in the last quarter. McGlone Suttner Wealth Management Inc. grew its position in shares of Netflix by 1.4% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock valued at $1,324,000 after purchasing an additional 14 shares in the last quarter. Finally, New England Research & Management Inc. grew its position in shares of Netflix by 148.5% in the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network’s stock valued at $1,979,000 after purchasing an additional 1,268 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Spencer Adam Neumann sold 2,600 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company’s stock, valued at approximately $4,327,734.41. The trade was a 41.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director directly owned 394 shares of the company’s stock, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock worth $122,710,980 in the last 90 days. 1.37% of the stock is currently owned by company insiders.

Netflix Price Performance

NFLX opened at $1,153.32 on Friday. The stock has a 50-day moving average price of $1,207.36 and a 200-day moving average price of $1,158.96. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $490.08 billion, a P/E ratio of 49.14, a PEG ratio of 1.96 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same period in the prior year, the business earned $4.88 EPS. The company’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. Equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NFLX. Rosenblatt Securities lifted their price target on Netflix from $1,514.00 to $1,515.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Canaccord Genuity Group restated a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Phillip Securities cut Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. Seaport Res Ptn cut Netflix from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 6th. Finally, BMO Capital Markets restated an “outperform” rating and set a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,335.00.

Netflix Company 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.