Avantra Family Wealth Inc. Has $1.48 Million Holdings in Netflix, Inc. $NFLX

Avantra Family Wealth Inc. increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,103 shares of the Internet television network’s stock after purchasing an additional 29 shares during the quarter. Netflix makes up approximately 1.2% of Avantra Family Wealth Inc.’s investment portfolio, making the stock its 17th largest position. Avantra Family Wealth Inc.’s holdings in Netflix were worth $1,477,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after buying an additional 13 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of Netflix in the 1st quarter valued at approximately $37,000. Maseco LLP acquired a new stake in shares of Netflix in the 2nd quarter valued at approximately $39,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix in the 1st quarter valued at approximately $42,000. Finally, 1248 Management LLC acquired a new stake in shares of Netflix in the 1st quarter valued at approximately $43,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 0.9%

NFLX opened at $1,163.31 on Tuesday. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $494.33 billion, a P/E ratio of 49.57, a P/E/G ratio of 1.94 and a beta of 1.59. The stock has a fifty day moving average of $1,207.13 and a 200-day moving average of $1,163.23.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping 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 company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the firm earned $4.88 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. 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 EPS for the current year.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction 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 completion of the sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction on 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 sale, the director directly owned 394 shares of the company’s stock, valued at $461,736.48. This represents a 99.07% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Oppenheimer raised their price target on Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a report on Thursday, June 12th. Robert W. Baird raised their price target on Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Netflix in a report on Thursday, September 11th. Wedbush reaffirmed an “outperform” rating and set a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. raised their price target on Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,335.00.

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.