Netflix, Inc. $NFLX Shares Acquired by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management LLC has increased its holdings in Netflix, Inc. by 4.7%, owning 24,976 shares worth approximately $33.4 million following the acquisition of an additional 1,114 shares during the second quarter.
• Netflix's stock has shown a strong performance with a 52-week range between $677.88 and $1,341.15, and currently holds a market capitalization of $518.44 billion.
• Recent earnings reports indicated that Netflix surpassed expectations with $7.19 earnings per share and revenue of $11.08 billion, marking a year-over-year revenue increase of 15.9%.

Apollon Wealth Management LLC increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,976 shares of the Internet television network's stock after acquiring an additional 1,114 shares during the period. Apollon Wealth Management LLC's holdings in Netflix were worth $33,446,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC grew its holdings in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the period. Flaharty Asset Management LLC acquired a new stake in shares of Netflix in the 1st quarter worth approximately $37,000. Maseco LLP acquired a new stake in shares of Netflix in the 2nd quarter worth approximately $39,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix in the 1st quarter worth approximately $42,000. Finally, 1248 Management LLC acquired a new stake in shares of Netflix in the 1st quarter worth approximately $43,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Price Performance

NFLX stock opened at $1,220.08 on Friday. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The stock's fifty day simple moving average is $1,210.84 and its 200-day simple moving average is $1,168.46. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $518.44 billion, a price-to-earnings ratio of 51.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. The business 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%.The business's quarterly revenue was up 15.9% on a year-over-year basis. During the same period last 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. Equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on NFLX. Piper Sandler increased their target price on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Sanford C. Bernstein increased their target price on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Phillip Securities cut Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. BMO Capital Markets reiterated an "outperform" rating and set a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Finally, Itau BBA Securities began coverage on Netflix in a report on Tuesday, October 7th. They set an "outperform" rating and a $1,514.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,337.63.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the transaction, the chief executive officer directly owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at $4,290,418.40. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,100 shares of company stock worth $122,710,980. Corporate insiders own 1.37% of the company's stock.

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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