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

Apollon Wealth Management LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 36.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,863 shares of the Internet television network’s stock after buying an additional 3,966 shares during the quarter. Apollon Wealth Management LLC’s holdings in Netflix were worth $7,237,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NFLX. Authentikos Wealth Advisory LLC bought a new position in shares of Netflix in the third quarter worth $25,000. Spartan Planning & Wealth Management purchased a new stake in shares of Netflix during the third quarter worth $26,000. Carmel Capital Partners LLC boosted its holdings in Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its position in Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 35 shares during the period. Finally, Pacifica Partners Inc. bought a new position in shares of Netflix in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Macquarie lifted their target price on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Guggenheim boosted their target price on Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Citigroup raised their price target on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a report on Monday, March 25th. Piper Sandler upped their target price on shares of Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Finally, Canaccord Genuity Group cut Netflix from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $720.00 to $585.00 in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $631.15.

Netflix Stock Performance

Shares of Netflix stock traded up $9.03 during trading hours on Tuesday, reaching $606.00. 3,608,993 shares of the stock traded hands, compared to its average volume of 4,419,100. The company has a 50 day moving average price of $602.76 and a 200 day moving average price of $530.17. The firm has a market capitalization of $261.16 billion, a price-to-earnings ratio of 41.69, a P/E/G ratio of 1.40 and a beta of 1.23. Netflix, Inc. has a one year low of $322.03 and a one year high of $639.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $2.88 earnings per share. On average, equities research analysts expect that Netflix, Inc. will post 18.3 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 18,361 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total value of $10,126,825.94. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at $15,443.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Netflix news, insider David A. Hyman sold 268 shares of Netflix stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $18,764,328.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 18,361 shares of Netflix stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the sale, the chairman now owns 28 shares in the company, valued at approximately $15,443.12. The disclosure for this sale can be found here. Insiders have sold a total of 157,141 shares of company stock worth $90,796,396 in the last ninety days. Insiders own 1.76% of the company’s stock.

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.