Atria Investments Inc Has $64.28 Million Stock Position in Netflix, Inc. $NFLX

by · The Cerbat Gem

Atria Investments Inc increased its holdings in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,000 shares of the Internet television network’s stock after acquiring an additional 874 shares during the period. Netflix comprises 0.8% of Atria Investments Inc’s investment portfolio, making the stock its 17th biggest holding. Atria Investments Inc’s holdings in Netflix were worth $64,278,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after purchasing an additional 257 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after buying an additional 144 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Netflix by 3.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,129 shares of the Internet television network’s stock worth $1,053,000 after buying an additional 40 shares during the last quarter. Rovin Capital UT ADV bought a new position in shares of Netflix in the first quarter valued at approximately $225,000. Finally, Vontobel Holding Ltd. increased its position in shares of Netflix by 26.3% during the first quarter. Vontobel Holding Ltd. now owns 35,556 shares of the Internet television network’s stock valued at $33,157,000 after acquiring an additional 7,412 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 424 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider directly owned 31,610 shares in the company, valued at $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the transaction, the director owned 394 shares in the company, valued at $461,736.48. This represents a 99.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 104,100 shares of company stock valued at $122,710,980. Corporate insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of recent analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a $1,525.00 price objective on shares of Netflix in a research note on Wednesday, October 22nd. KeyCorp boosted their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. TD Cowen reduced their target price on shares of Netflix from $1,450.00 to $1,425.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Arete lifted their price target on shares of Netflix from $833.00 to $1,084.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, UBS Group set a $1,500.00 price objective on Netflix in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,341.12.

Get Our Latest Report on Netflix

Netflix Stock Down 0.2%

NFLX opened at $1,100.41 on Thursday. Netflix, Inc. has a 12 month low of $747.77 and a 12 month high of $1,341.15. The company has a market cap of $466.28 billion, a PE ratio of 45.97, a price-to-earnings-growth ratio of 1.91 and a beta of 1.59. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average of $1,199.70 and a 200 day moving average of $1,192.74.

Netflix (NASDAQ:NFLX – Get Free Report) last posted its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.88 by ($1.01). Netflix had a return on equity of 41.86% and a net margin of 24.05%.The company had revenue of $11.51 billion for the quarter, compared to analysts’ expectations of $11.52 billion. During the same quarter in the prior year, the company earned $5.40 EPS. The company’s revenue was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Profile

(Free Report)

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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