Forsta AP Fonden Acquires 1,135,810 Shares of Netflix, Inc. $NFLX

Forsta AP Fonden increased its position in Netflix, Inc. (NASDAQ:NFLXFree Report) by 890.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,263,310 shares of the Internet television network’s stock after buying an additional 1,135,810 shares during the period. Netflix accounts for about 0.7% of Forsta AP Fonden’s investment portfolio, making the stock its 18th biggest position. Forsta AP Fonden’s holdings in Netflix were worth $118,448,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Netflix in the fourth quarter worth about $5,803,248,000. Madison Wealth Partners Inc lifted its position in shares of Netflix by 924.7% in the fourth quarter. Madison Wealth Partners Inc now owns 9,099 shares of the Internet television network’s stock worth $853,000 after buying an additional 8,211 shares in the last quarter. Zweig DiMenna Associates LLC lifted its position in shares of Netflix by 1,256.0% in the fourth quarter. Zweig DiMenna Associates LLC now owns 171,200 shares of the Internet television network’s stock worth $16,052,000 after buying an additional 158,575 shares in the last quarter. Fort Sheridan Advisors LLC lifted its position in shares of Netflix by 944.5% in the fourth quarter. Fort Sheridan Advisors LLC now owns 9,035 shares of the Internet television network’s stock worth $847,000 after buying an additional 8,170 shares in the last quarter. Finally, Hilltop Partners LLC raised its position in Netflix by 1,402.7% during the fourth quarter. Hilltop Partners LLC now owns 29,753 shares of the Internet television network’s stock valued at $2,790,000 after purchasing an additional 27,773 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Down 0.4%

Shares of NASDAQ NFLX opened at $86.02 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $362.21 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55. The stock’s fifty day simple moving average is $93.12 and its two-hundred day simple moving average is $93.26. Netflix, Inc. has a 12-month low of $75.01 and a 12-month high of $134.12.

Netflix (NASDAQ:NFLXGet Free Report) last announced its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.47. The business had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The business’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the firm earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, analysts expect that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NFLX shares. Sanford C. Bernstein reissued a “buy” rating on shares of Netflix in a research report on Thursday, May 14th. Moffett Nathanson boosted their target price on Netflix from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Pivotal Research set a $96.00 target price on Netflix and gave the company a “hold” rating in a research report on Friday, April 17th. Seaport Research Partners increased their price target on Netflix from $115.00 to $119.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Netflix in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.82.

Read Our Latest Research Report on Netflix

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $88.69, for a total transaction of $2,422,301.28. Following the sale, the chief executive officer owned 120,931 shares of the company’s stock, valued at approximately $10,725,370.39. This trade represents a 18.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 5,722 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $88.08, for a total value of $503,993.76. Following the sale, the insider directly owned 316,100 shares in the company, valued at $27,842,088. This trade represents a 1.78% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 1,365,509 shares of company stock worth $129,675,743. 1.24% of the stock is currently owned by company insiders.

Trending Headlines about Netflix

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Netflix Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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