Apexium Financial LP Sells 218 Shares of Netflix, Inc. $NFLX

Key Points

• Apexium Financial LP has reduced its stake in Netflix, Inc. by 11.3% during the 1st quarter, now owning 1,707 shares valued at approximately $1.59 million.
• CEO Gregory K. Peters sold 2,026 shares of Netflix for over $2.34 million, resulting in a 13.68% decrease in his ownership of the stock.
• The consensus rating for Netflix stock is currently a "Moderate Buy", with analysts' price targets ranging from $1,000 to $1,500.

Apexium Financial LP lowered its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,707 shares of the Internet television network's stock after selling 218 shares during the quarter. Apexium Financial LP's holdings in Netflix were worth $1,592,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC grew its stake in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new position in Netflix during the 4th quarter valued at about $27,000. Copia Wealth Management purchased a new position in Netflix during the 4th quarter valued at about $37,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Netflix during the 1st quarter valued at about $42,000. Finally, Stuart Chaussee & Associates Inc. grew its stake in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after acquiring an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Netflix stock traded up $13.42 during trading hours on Monday, reaching $1,218.07. 2,809,597 shares of the company were exchanged, compared to its average volume of 2,952,016. The firm has a market cap of $517.59 billion, a price-to-earnings ratio of 51.90, a PEG ratio of 2.03 and a beta of 1.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average of $1,231.26 and a 200 day moving average of $1,113.08. Netflix, Inc. has a 12 month low of $660.80 and a 12 month high of $1,341.15.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NFLX. Cfra Research raised Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Citigroup reaffirmed a "neutral" rating and set a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Wedbush reaffirmed an "outperform" rating and set a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Bank of America lifted their target price on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Finally, Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,297.66.

Insider Activity

In other news, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. This trade represents 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 have sold 146,307 shares of company stock valued at $179,443,809. Insiders own 1.37% 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.