Apollon Financial LLC Buys Shares of 275 Netflix, Inc. $NFLX

Apollon Financial LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 275 shares of the Internet television network’s stock, valued at approximately $368,000.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after acquiring an additional 257 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after acquiring an additional 144 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Netflix by 17.6% during the 1st quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network’s stock valued at $8,836,000 after acquiring an additional 1,415 shares in the last quarter. Thomasville National Bank raised its position in shares of Netflix by 60.3% during the 1st quarter. Thomasville National Bank now owns 396 shares of the Internet television network’s stock valued at $369,000 after acquiring an additional 149 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC raised its position in shares of Netflix by 11.7% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 3,557 shares of the Internet television network’s stock valued at $3,317,000 after acquiring an additional 374 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 completion of the transaction, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David A. Hyman sold 424 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the transaction, the insider directly owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,100 shares of company stock valued at $122,710,980. Company insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NFLX. Wall Street Zen lowered Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Cowen reissued a “buy” rating on shares of Netflix in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $1,500.00 price target on shares of Netflix in a research report on Wednesday, September 10th. Wells Fargo & Company upped their price objective on Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Finally, Piper Sandler upped their price objective on Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,337.63.

Netflix Trading Down 0.9%

NASDAQ:NFLX opened at $1,220.08 on Friday. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The stock has a market cap of $518.44 billion, a price-to-earnings ratio of 51.98, a PEG ratio of 2.05 and a beta of 1.59. The business has a fifty day moving average of $1,210.84 and a 200-day moving average of $1,168.46. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter in the prior year, the business posted $4.88 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.