Nordea Investment Management Increases Stake in Netflix

Nordea Investment Management Increases Stake in Netflix

Netflix News

Nordea Investment Management AB has increased its stake in Netflix, Inc. 5.8% during the second quarter, according to a filing with the Securities & Exchange Commission. The fund now owns 237,467 shares of Netflix’s stock, representing approximately 0.05% of the company’s total worth of $104,153,000. Other institutional investors such as Abacus Planning Group, First Hawaiian Bank, RVW Wealth, Harvest Fund Management, and Dentgroup have also added to their positions in Netflix during the same quarter. In total, 79.95% of the stock is currently owned institutional investors.

Meanwhile, director Richard N. Barton sold 500 shares of Netflix’s stock, while director Timothy M. Haley sold 1,022 shares. In the last 90 days, insiders have sold a total of 125,377 shares, which equates to 2.45% of the stock.

Netflix has received varied ratings from analysts, ranging from a sell rating to a buy rating. Wells Fargo, Piper Sandler, Wedbush, Oppenheimer, and Rosenblatt Securities are among the research firms that have issued recommendations for the stock. The consensus rating is “Moderate Buy” with a target price of $432.91. As of Friday, the stock was trading at $396.94.

Netflix, Inc. provides entertainment services, offering a wide range of TV series, documentaries, feature films, and mobile games. The company delivers streaming content to its members across various devices, including TVs, digital video players, and mobile devices.

– Securities & Exchange Commission filing
– Netflix, Inc.