Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,002 shares of the Internet television network’s stock after acquiring an additional 50 shares during the quarter. Apollon Wealth Management LLC’s holdings in Netflix were worth $15,154,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix in the third quarter valued at approximately $25,000. Newton One Investments LLC acquired a new stake in shares of Netflix in the 4th quarter worth $34,000. Princeton Global Asset Management LLC raised its holdings in shares of Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after acquiring an additional 16 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the last quarter. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Netflix in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 685 shares of Netflix stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,009.57, for a total value of $691,555.45. Following the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,726,322.87. The trade was a 15.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 4,434 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,015.00, for a total value of $4,500,510.00. Following the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $13,144,250. This represents a 25.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 299,517 shares of company stock worth $285,805,037 in the last quarter. 1.76% of the stock is owned by insiders.

Netflix Trading Down 0.2 %

Shares of Netflix stock opened at $1,013.93 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a fifty day simple moving average of $914.82 and a 200-day simple moving average of $787.62. The stock has a market cap of $433.72 billion, a price-to-earnings ratio of 51.13, a PEG ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,027.76.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the firm posted $2.11 earnings per share. Netflix’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NFLX. BMO Capital Markets reissued an “outperform” rating and issued a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Citigroup raised their target price on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. TD Cowen upped their price target on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Phillip Securities lowered shares of Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Finally, Robert W. Baird increased their target price on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Company 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.