Netflix, Inc. $NFLX Shares Bought by Atalanta Sosnoff Capital LLC

Key Points

• Atalanta Sosnoff Capital LLC increased its stake in Netflix, Inc. by 18.6% in the first quarter, owning 130,703 shares valued at approximately $121.88 million.
• Netflix's recent quarterly earnings showed an EPS of $7.19, exceeding analyst estimates, and the firm reported a revenue increase of 15.9% year-over-year to $11.08 billion.
• Analysts have set a range of price targets for Netflix, with an average target price of $1,297.66 and a consensus rating of "Moderate Buy".

Atalanta Sosnoff Capital LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 18.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,703 shares of the Internet television network's stock after acquiring an additional 20,454 shares during the period. Netflix makes up 2.9% of Atalanta Sosnoff Capital LLC's portfolio, making the stock its 8th biggest position. Atalanta Sosnoff Capital LLC's holdings in Netflix were worth $121,884,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NFLX. Advisors Asset Management Inc. raised its position in Netflix by 28.2% in the first quarter. Advisors Asset Management Inc. now owns 7,967 shares of the Internet television network's stock valued at $7,429,000 after purchasing an additional 1,754 shares during the period. Ancora Advisors LLC raised its holdings in shares of Netflix by 2.0% during the 1st quarter. Ancora Advisors LLC now owns 1,247 shares of the Internet television network's stock valued at $1,163,000 after buying an additional 25 shares during the period. Amundi lifted its position in Netflix by 37.7% during the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock worth $1,898,496,000 after acquiring an additional 567,251 shares in the last quarter. Aprio Wealth Management LLC lifted its position in Netflix by 23.1% during the 1st quarter. Aprio Wealth Management LLC now owns 2,692 shares of the Internet television network's stock worth $2,510,000 after acquiring an additional 506 shares in the last quarter. Finally, 1 North Wealth Services LLC purchased a new position in Netflix in the 1st quarter worth approximately $156,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NFLX. Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a research note on Tuesday, August 12th. Robert W. Baird lifted their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Pivotal Research reissued a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Bank of America lifted their target price on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,317.58.

Netflix Stock Performance

Shares of NFLX traded down $13.66 during mid-day trading on Friday, hitting $1,243.82. The stock had a trading volume of 2,378,410 shares, compared to its average volume of 2,541,951. The company has a market cap of $528.53 billion, a PE ratio of 53.00, a PEG ratio of 2.12 and a beta of 1.60. The company's fifty day simple moving average is $1,225.36 and its two-hundred day simple moving average is $1,123.79. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a fifty-two week low of $660.80 and a fifty-two week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the company posted $4.88 EPS. The business's revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 424 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the sale, the insider owned 31,610 shares of the company's stock, valued at $36,625,558.70. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,457,842.16. The trade was a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock valued at $109,498,489 over the last three months. 1.37% of the stock is currently owned by company insiders.

Netflix Profile

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.