Danica Pension Livsforsikringsaktieselskab Buys Shares of 263,531 Netflix, Inc. $NFLX

Danica Pension Livsforsikringsaktieselskab bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 263,531 shares of the Internet television network’s stock, valued at approximately $25,339,000.

Other hedge funds also recently modified their holdings of the company. ABN Amro Investment Solutions raised its holdings in shares of Netflix by 102.2% during the 1st quarter. ABN Amro Investment Solutions now owns 730,610 shares of the Internet television network’s stock valued at $70,248,000 after purchasing an additional 369,196 shares in the last quarter. Pacific Sun Financial Corp lifted its stake in shares of Netflix by 3.4% in the 1st quarter. Pacific Sun Financial Corp now owns 6,281 shares of the Internet television network’s stock valued at $604,000 after purchasing an additional 208 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Netflix by 9.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,689,036 shares of the Internet television network’s stock worth $162,401,000 after purchasing an additional 140,389 shares in the last quarter. Oslo Pensjonsforsikring AS acquired a new position in Netflix during the first quarter worth $1,370,000. Finally, Mathes Company Inc. increased its position in Netflix by 38.6% during the first quarter. Mathes Company Inc. now owns 15,910 shares of the Internet television network’s stock worth $1,530,000 after buying an additional 4,430 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on NFLX. The Goldman Sachs Group cut Netflix from an “underweight” rating to a “sell” rating in a research report on Monday. Citigroup lowered Netflix from a “buy” rating to a “positive” rating in a report on Monday. Deutsche Bank Aktiengesellschaft set a $110.00 price objective on shares of Netflix in a report on Monday. KGI Securities lowered Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 target price on the stock. in a report on Friday. Finally, Bank of America restated a “buy” rating and issued a $125.00 price target on shares of Netflix in a research report on Monday, May 18th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.21.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $88.69, for a total transaction of $2,422,301.28. Following the sale, the chief executive officer directly owned 120,931 shares of the company’s stock, valued at approximately $10,725,370.39. This represents a 18.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reed Hastings sold 386,700 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $85.97, for a total transaction of $33,244,599.00. Following the sale, the director directly owned 3,940 shares of the company’s stock, valued at approximately $338,721.80. The trade was a 98.99% decrease in their position. 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. Insiders have sold a total of 899,839 shares of company stock worth $80,141,661 over the last ninety days. Company insiders own 1.24% of the company’s stock.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix delivered an earnings beat and continues to post double-digit revenue growth, while bulls argue the selloff has made the stock look inexpensive on earnings and cash flow. Netflix “Is Not a Broken Company” and Trades At Just 19x Earnings. Jim Cramer Says Start Buying
• Positive Sentiment: Several analysts and commentators say the post-earnings drop may have created a buying opportunity, citing Netflix’s ad business, live content ambitions, international growth, and strong free-cash-flow potential. Netflix (NFLX) Stock Still Looks Cheap On Cash Flow And Earnings
• Positive Sentiment: Phillip Securities upgraded Netflix from “moderate buy” to “strong-buy,” with one analyst saying engagement shows no signs of slowing and setting a higher price target than the current trading level. Netflix, Inc. (NFLX) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Wall Street coverage remains active and largely mixed-to-bullish, with some reports pointing to meaningful upside in consensus price targets even after the recent slide. Netflix Fell 45% Over 12 Months But This Ratings House Sees A Doubling Share Price
• Negative Sentiment: Investors are worried about softer revenue guidance, slowing growth momentum, and Netflix making viewership metrics harder to track, which raises questions about transparency and future monetization. Netflix (NFLX) Could Be 18% Undervalued After Soft Guidance Raised Fresh Growth Questions
• Negative Sentiment: Multiple articles described the stock’s recent action as a sharp post-earnings crash or “miserable stretch,” reflecting concern that the latest quarter did not convince investors that growth will reaccelerate soon. Netflix just made its slowdown harder to measure

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $68.67 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.41. The business’s fifty day moving average price is $79.42 and its two-hundred day moving average price is $86.49. Netflix, Inc. has a fifty-two week low of $65.08 and a fifty-two week high of $126.71. The stock has a market capitalization of $285.94 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 0.85 and a beta of 1.52.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The company had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.58 billion. During the same period last year, the business earned $0.72 earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. As a group, analysts predict that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

About Netflix

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.