Atria Investments Inc Sells 3,413 Shares of Netflix, Inc. (NASDAQ:NFLX)

Atria Investments Inc lowered its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,126 shares of the Internet television network's stock after selling 3,413 shares during the quarter. Netflix comprises about 0.6% of Atria Investments Inc's investment portfolio, making the stock its 23rd largest position. Atria Investments Inc's holdings in Netflix were worth $43,947,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Resurgent Financial Advisors LLC increased its holdings in shares of Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after acquiring an additional 708 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after acquiring an additional 110,432 shares in the last quarter. PharVision Advisers LLC bought a new stake in shares of Netflix in the fourth quarter worth about $873,000. New England Research & Management Inc. increased its holdings in shares of Netflix by 148.5% in the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after acquiring an additional 1,268 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Netflix by 6.1% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,638 shares of the Internet television network's stock worth $50,952,000 after acquiring an additional 3,137 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. BMO Capital Markets reiterated an "outperform" rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Jefferies Financial Group set a $1,500.00 price objective on Netflix and gave the company a "buy" rating in a research report on Friday, July 18th. TD Cowen raised their price objective on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Rosenblatt Securities raised their price objective on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

Netflix Trading Down 0.0%

NFLX stock traded down $0.27 on Friday, hitting $1,180.49. 2,624,404 shares of the company were exchanged, compared to its average volume of 3,928,007. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,341.15. The business's fifty day moving average is $1,236.66 and its two-hundred day moving average is $1,069.32. The stock has a market capitalization of $501.63 billion, a price-to-earnings ratio of 50.30, a price-to-earnings-growth ratio of 1.99 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.20.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion for 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%. The firm's revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.88 EPS. As a group, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In related news, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the transaction, the director owned 7,969 shares of the company's stock, valued at approximately $8,959,227.94. The trade was a 32.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jay C. Hoag sold 32,515 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the sale, the director directly owned 79,040 shares in the company, valued at $87,099,708.80. This trade represents a 29.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,923 shares of company stock valued at $222,445,095. Corporate insiders own 1.37% of the company's stock.

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.