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Avidian Wealth Enterprises LLC Has $2 Million Position in Netflix, Inc. $NFLX
Avidian Wealth Enterprises LLC significantly increased its stake in Netflix (NASDAQ:NFLX) by 877% in the fourth quarter, bringing its total holdings to 21,338 shares valued at approximately $2 million. This move comes as Netflix reported strong Q1 earnings, beating consensus estimates with EPS of $1.23 and revenue growth of 16.2%. Despite substantial insider selling, institutional investors collectively own a significant portion of the company’s stock, and analysts maintain a “Moderate Buy” rating with a consensus target price of $114.82.