Apollon Wealth Management LLC Acquires 50 Shares of Netflix, Inc. (NASDAQ:NFLX)

Apollon Wealth Management LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,002 shares of the Internet television network’s stock after purchasing 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.

A number of other large investors have also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the 3rd quarter valued at about $25,000. Newton One Investments LLC bought a new stake in shares of Netflix during the fourth quarter valued at approximately $34,000. Princeton Global Asset Management LLC boosted its holdings in shares of Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after purchasing an additional 16 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. Finally, Decker Retirement Planning Inc. purchased a new position in Netflix during the 4th quarter worth $43,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NFLX. Macquarie increased their price target on Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Oppenheimer boosted their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group lifted their price objective on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Jefferies Financial Group lifted their price target on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 102,228 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 299,517 shares of company stock worth $285,805,037. Company insiders own 1.76% of the company’s stock.

Netflix Stock Down 0.2 %

Netflix stock opened at $1,013.93 on Friday. The business’s 50-day moving average price is $914.82 and its 200 day moving average price is $787.62. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $433.72 billion, a price-to-earnings ratio of 51.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,027.76.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share 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 firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the firm earned $2.11 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.