Forsta AP Fonden lowered its stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 0.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 120,500 shares of the Internet television network’s stock after selling 900 shares during the quarter. Netflix makes up about 0.8% of Forsta AP Fonden’s holdings, making the stock its 18th biggest position. Forsta AP Fonden’s holdings in Netflix were worth $107,404,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Netflix in the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC acquired a new position in Netflix in the 3rd quarter valued at $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix during the 3rd quarter worth $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. Evercore ISI lifted their price objective on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Phillip Securities downgraded shares of Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. Macquarie raised their target price on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and issued a $1,100.00 target price (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Finally, Argus increased their price target on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.
Insider Transactions at Netflix
In related news, Chairman Reed Hastings sold 41,601 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the transaction, the chairman now directly owns 85 shares in the company, valued at $64,435.10. This trade represents a 99.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,117 shares of company stock valued at $123,913,691. Insiders own 1.76% of the company’s stock.
Netflix Price Performance
NFLX stock opened at $971.83 on Wednesday. The stock’s 50 day moving average is $899.64 and its two-hundred day moving average is $772.71. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00. The company has a market capitalization of $415.42 billion, a PE ratio of 49.01, a P/E/G ratio of 1.53 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.
Netflix (NASDAQ:NFLX – Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the firm earned $2.11 earnings per share. The business’s revenue was up 16.0% compared to the same quarter last year. Analysts predict that Netflix, Inc. will post 23.72 earnings per share 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.
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