275 Shares in Netflix, Inc. $NFLX Purchased by Apollon Financial LLC

Key Points

• Apollon Financial LLC purchased 275 shares of Netflix, valued at approximately $368,000, indicating renewed interest from institutional investors during the second quarter.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, increased their stakes in Netflix during the first quarter, collectively owning over 80% of the company's stock.
• Netflix's stock continues to receive mixed ratings from analysts with a consensus rating of "Moderate Buy" and a current price target averaging $1,337.63.

Apollon Financial LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 275 shares of the Internet television network's stock, valued at approximately $368,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after buying an additional 509,255 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock valued at $10,940,505,000 after buying an additional 304,399 shares during the period. Alliancebernstein L.P. grew its holdings in Netflix by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock valued at $4,844,436,000 after buying an additional 53,611 shares during the period. Invesco Ltd. grew its holdings in Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock valued at $4,350,083,000 after buying an additional 356,617 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Netflix by 3.5% in the 1st quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network's stock valued at $4,089,765,000 after buying an additional 148,675 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In other news, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on NFLX shares. Citigroup restated a "neutral" rating and issued a $1,295.00 price target (up previously from $1,280.00) on shares of Netflix in a report on Friday, October 3rd. Cowen restated a "buy" rating on shares of Netflix in a report on Tuesday. Loop Capital upgraded Netflix from a "hold" rating to a "buy" rating and boosted their target price for the stock from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. The Goldman Sachs Group decreased their target price on Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating for the company in a report on Tuesday, September 30th. Finally, Zacks Research cut Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and a consensus price target of $1,337.63.

Netflix Stock Performance

Netflix stock opened at $1,220.08 on Friday. The stock's 50 day moving average price is $1,210.84 and its 200 day moving average price is $1,168.46. The firm has a market capitalization of $518.44 billion, a PE ratio of 51.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

About Netflix

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.

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