Acropolis Investment Management LLC Has $305,000 Holdings in Netflix, Inc. (NASDAQ:NFLX)

Acropolis Investment Management LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 327 shares of the Internet television network’s stock after purchasing an additional 30 shares during the quarter. Acropolis Investment Management LLC’s holdings in Netflix were worth $305,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NFLX. West Michigan Advisors LLC grew its stake in shares of Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock worth $692,000 after purchasing an additional 10 shares during the last quarter. Warwick Investment Management Inc. grew its stake in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock worth $266,000 after purchasing an additional 10 shares during the last quarter. MRP Capital Investments LLC grew its stake in shares of Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock worth $938,000 after purchasing an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC grew its stake in shares of Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock worth $412,000 after purchasing an additional 10 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. grew its stake in shares of Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network’s stock worth $3,410,000 after purchasing an additional 10 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,225.35 on Tuesday. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,262.81. The stock has a market cap of $521.47 billion, a price-to-earnings ratio of 61.79, a PEG ratio of 2.12 and a beta of 1.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm’s 50-day simple moving average is $1,127.47 and its 200 day simple moving average is $1,003.32.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter last year, the firm earned $8.28 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Cfra Research raised shares of Netflix to a “strong-buy” rating in a research note on Monday, April 28th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $1,220.00 price objective (up previously from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Benchmark reissued a “hold” rating on shares of Netflix in a research note on Monday, April 21st. Piper Sandler set a $1,150.00 price objective on shares of Netflix and gave the stock an “overweight” rating in a research note on Monday, April 21st. Finally, Wells Fargo & Company upped their price target on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,156.73.

Insider Activity at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,027 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $1,141.51, for a total transaction of $2,313,840.77. Following the completion of the sale, the chief executive officer now owns 12,781 shares of the company’s stock, valued at approximately $14,589,639.31. This trade represents a 13.69% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,140 shares of company stock valued at $210,271,552. 1.37% of the stock is owned by corporate insiders.

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.