Acropolis Investment Management LLC Increases Holdings in Netflix, Inc. (NASDAQ:NFLX)

Acropolis Investment Management LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 297 shares of the Internet television network’s stock after acquiring an additional 16 shares during the quarter. Acropolis Investment Management LLC’s holdings in Netflix were worth $265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix in the 3rd quarter valued at about $37,000. FSA Wealth Management LLC purchased a new stake in shares of Netflix in the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services acquired a new stake in shares of Netflix in the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 2.4 %

NASDAQ:NFLX opened at $848.26 on Thursday. The company has a market capitalization of $362.60 billion, a PE ratio of 48.01, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 52-week low of $475.26 and a 52-week high of $941.75. The stock has a fifty day simple moving average of $881.04 and a 200-day simple moving average of $755.96. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, equities research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the topic of several research analyst reports. Evercore ISI lifted their price target on Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Benchmark lifted their target price on shares of Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a report on Friday, January 3rd. UBS Group increased their price target on shares of Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Saturday, December 21st. Finally, Rosenblatt Securities upped their target price on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $845.82.

Insider Buying and Selling

In related news, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,817,500. The trade was a 24.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 156,742 shares of company stock worth $131,030,268 in the last ninety days. Insiders own 1.76% 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.