Atlatl Advisers LLC Buys Shares of 1,586 Netflix, Inc. $NFLX

Atlatl Advisers LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, Holdings Channel.com reports. The fund bought 1,586 shares of the Internet television network’s stock, valued at approximately $2,124,000. Netflix comprises approximately 1.0% of Atlatl Advisers LLC’s investment portfolio, making the stock its 23rd largest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of NFLX. BG Investment Services Inc. bought a new stake in shares of Netflix in the 2nd quarter valued at about $338,000. Resurgent Financial Advisors LLC boosted its holdings in shares of Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock valued at $942,000 after buying an additional 708 shares in the last quarter. MRA Advisory Group boosted its holdings in shares of Netflix by 28.4% in the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock valued at $1,231,000 after buying an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Netflix by 42.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock valued at $412,059,000 after buying an additional 130,946 shares in the last quarter. Finally, Sava Infond d.o.o. boosted its position in shares of Netflix by 25.1% in the 2nd quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock worth $2,002,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $1,500.00 price objective on shares of Netflix in a research report on Wednesday. Barclays reissued a “sell” rating and issued a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Guggenheim reissued a “buy” rating and issued a $1,450.00 price objective on shares of Netflix in a research report on Wednesday. Phillip Securities cut Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. Finally, Itau BBA Securities initiated coverage on Netflix in a research report on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,352.78.

Netflix Stock Performance

Shares of NFLX opened at $1,094.69 on Friday. The stock has a 50-day moving average of $1,207.21 and a two-hundred day moving average of $1,187.47. Netflix, Inc. has a one year low of $747.77 and a one year high of $1,341.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.34 and a current ratio of 1.33. The stock has a market cap of $463.85 billion, a P/E ratio of 45.73, a P/E/G ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). Netflix had a return on equity of 41.86% and a net margin of 24.05%.The firm had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. During the same period in the prior year, the firm posted $5.40 EPS. The business’s revenue was up 17.2% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, Director Reed Hastings sold 42,176 shares of the firm’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 transaction of $49,426,897.92. Following the completion of the transaction, the director directly owned 394 shares of the company’s stock, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock worth $122,710,980 in the last ninety days. 1.37% of the stock is 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.