Atria Wealth Solutions Inc. Reduces Stock Position in Netflix, Inc. $NFLX

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in Netflix by 58.9% in Q2, selling 11,071 shares and leaving it with 7,728 shares worth approximately $10.3 million at the end of the reporting period.
• While Atria cut its position, other institutional investors like Optima Capital and Unified Investment Management increased their stakes in Netflix by 3.5% and 1.7%, respectively, demonstrating ongoing interest in the stock.
• Netflix reported an earnings per share of $7.19 for the latest quarter, exceeding analysts' expectations, and set a future earnings guidance of $6.87 for Q3 2025.

Atria Wealth Solutions Inc. cut its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 58.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,728 shares of the Internet television network's stock after selling 11,071 shares during the period. Atria Wealth Solutions Inc.'s holdings in Netflix were worth $10,315,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NFLX. Optima Capital LLC raised its holdings in shares of Netflix by 3.5% in the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network's stock worth $320,000 after buying an additional 8 shares during the last quarter. Unified Investment Management raised its stake in shares of Netflix by 1.7% in the second quarter. Unified Investment Management now owns 474 shares of the Internet television network's stock worth $635,000 after purchasing an additional 8 shares during the last quarter. Plancorp LLC raised its position in Netflix by 0.6% during the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network's stock worth $1,711,000 after buying an additional 8 shares during the last quarter. Five Oceans Advisors lifted its stake in Netflix by 1.1% during the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network's stock valued at $1,006,000 after acquiring an additional 8 shares during the period. Finally, Old Port Advisors boosted its holdings in shares of Netflix by 1.3% in the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network's stock valued at $836,000 after acquiring an additional 8 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

NASDAQ NFLX opened at $1,220.08 on Monday. The stock has a market capitalization of $518.45 billion, a price-to-earnings ratio of 51.98, a PEG ratio of 2.05 and a beta of 1.59. The stock has a 50-day moving average of $1,210.84 and a 200 day moving average of $1,169.80. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15.

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. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the previous year, the business earned $4.88 earnings per share. 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. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on NFLX. Pivotal Research reissued a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Cowen reiterated a "buy" rating on shares of Netflix in a research note on Tuesday, October 7th. Itau BBA Securities assumed coverage on Netflix in a research note on Tuesday, October 7th. They issued an "outperform" rating and a $1,514.00 target price on the stock. Rosenblatt Securities raised their target price on Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, Wells Fargo & Company boosted their price target on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Netflix has an average rating of "Moderate Buy" and an average target price of $1,337.63.

Insider Buying and Selling at Netflix

In other news, Director Reed Hastings sold 42,176 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director directly owned 394 shares of the company's stock, valued at approximately $461,736.48. The trade was a 99.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the transaction, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $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 quarter, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by company insiders.

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.

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