Apollon Wealth Management LLC Has $7.24 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Apollon Wealth Management LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 36.4% in the fourth quarter, HoldingsChannel reports. The fund owned 14,863 shares of the Internet television network’s stock after buying an additional 3,966 shares during the period. Apollon Wealth Management LLC’s holdings in Netflix were worth $7,237,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jennison Associates LLC increased its holdings in shares of Netflix by 40.6% during the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after purchasing an additional 1,573,978 shares during the period. Northern Trust Corp increased its holdings in Netflix by 2.1% in the third quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock valued at $1,749,712,000 after purchasing an additional 96,938 shares during the period. Fisher Asset Management LLC raised its position in Netflix by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock worth $2,006,483,000 after purchasing an additional 78,298 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Netflix by 5.3% in the third quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock worth $1,051,123,000 after acquiring an additional 139,165 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Netflix by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,393,628 shares of the Internet television network’s stock worth $903,834,000 after buying an additional 14,364 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Up 1.5 %

NFLX traded up $9.03 on Tuesday, hitting $606.00. The company had a trading volume of 3,608,993 shares, compared to its average volume of 4,419,100. The firm has a market capitalization of $261.16 billion, a P/E ratio of 41.69, a P/E/G ratio of 1.40 and a beta of 1.23. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a fifty day simple moving average of $602.76 and a 200-day simple moving average of $530.17. Netflix, Inc. has a 52-week low of $322.03 and a 52-week high of $639.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm posted $2.88 earnings per share. As a group, equities analysts expect that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Bank of America boosted their target price on shares of Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Jefferies Financial Group boosted their price target on shares of Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, March 12th. Benchmark reiterated a “sell” rating and issued a $440.00 price objective on shares of Netflix in a research note on Thursday, April 18th. Seaport Res Ptn downgraded Netflix from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. Finally, Loop Capital increased their price target on Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $631.15.

Insider Activity

In related news, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,181,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,181,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 268 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $18,764,328.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 157,141 shares of company stock worth $90,796,396. 1.76% of the stock is currently owned by insiders.

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.