Netflix, Inc. $NFLX Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 58.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,728 shares of the Internet television network’s stock after selling 11,071 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Netflix were worth $10,315,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after purchasing an additional 509,255 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock valued at $10,940,505,000 after purchasing an additional 304,399 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Netflix by 1.0% during the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock worth $4,844,436,000 after purchasing an additional 53,611 shares during the last quarter. Invesco Ltd. lifted its position in shares of Netflix by 8.3% during the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock worth $4,350,083,000 after purchasing an additional 356,617 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Netflix by 3.5% during the first quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network’s stock worth $4,089,765,000 after purchasing an additional 148,675 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NFLX. UBS Group set a $1,425.00 price target on Netflix in a research note on Tuesday, October 7th. Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Morgan Stanley restated an “equal weight” rating on shares of Netflix in a research note on Monday, July 21st. KeyCorp upped their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Finally, Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,337.63.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,290,418.40. This trade represents a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,100 shares of company stock valued at $122,710,980. Insiders own 1.37% of the company’s stock.

Netflix Price Performance

NFLX stock opened at $1,220.08 on Monday. 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 company has a market capitalization of $518.45 billion, a P/E ratio of 51.98, a PEG ratio of 2.05 and a beta of 1.59. The business has a 50 day simple moving average of $1,210.84 and a 200-day simple moving average of $1,169.80. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. Netflix’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

About Netflix

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.