Apollon Wealth Management LLC Acquires 6,860 Shares of Netflix, Inc. (NASDAQ:NFLX)

Apollon Wealth Management LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 40.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,862 shares of the Internet television network's stock after buying an additional 6,860 shares during the period. Apollon Wealth Management LLC's holdings in Netflix were worth $22,252,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of NFLX. Janus Henderson Group PLC increased its holdings in shares of Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after acquiring an additional 110,432 shares in the last quarter. PharVision Advisers LLC purchased a new stake in shares of Netflix during the 4th quarter valued at $873,000. New England Research & Management Inc. raised its position in Netflix by 148.5% in the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after acquiring an additional 1,268 shares during the period. Xcel Wealth Management LLC raised its stake in shares of Netflix by 15.2% in the first quarter. Xcel Wealth Management LLC now owns 492 shares of the Internet television network's stock valued at $459,000 after buying an additional 65 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Netflix by 6.1% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,638 shares of the Internet television network's stock valued at $50,952,000 after purchasing an additional 3,137 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on NFLX shares. Wedbush reiterated an "outperform" rating and issued a $1,400.00 target price on shares of Netflix in a research note on Monday. Loop Capital restated a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Jefferies Financial Group lifted their target price on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Robert W. Baird boosted their price target on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Barclays reiterated a "sell" rating and issued a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,220.58.

Netflix Stock Up 1.4%

Netflix stock traded up $16.84 during trading hours on Monday, hitting $1,261.95. The stock had a trading volume of 2,774,453 shares, compared to its average volume of 4,257,667. The stock's 50-day moving average price is $1,221.70 and its 200-day moving average price is $1,050.73. The stock has a market capitalization of $537.05 billion, a P/E ratio of 59.64, a price-to-earnings-growth ratio of 2.25 and a beta of 1.59. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period in the previous year, the business earned $8.28 EPS. Equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Reed Hastings sold 26,977 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the sale, the director owned 394 shares of the company's stock, valued at $446,421.70. This trade represents a 98.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jay C. Hoag sold 32,515 shares of Netflix stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the sale, the director directly owned 79,040 shares of the company's stock, valued at approximately $87,099,708.80. This trade represents a 29.15% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 186,723 shares of company stock valued at $223,307,201. Company insiders own 1.37% of the company's stock.

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.