Apella Capital LLC Boosts Stake in Netflix, Inc. (NASDAQ:NFLX)

Apella Capital LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,071 shares of the Internet television network’s stock after purchasing an additional 17 shares during the quarter. Apella Capital LLC’s holdings in Netflix were worth $955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Netflix by 700.0% during the 3rd 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 during the period. MidAtlantic Capital Management Inc. acquired a new stake in Netflix in the 3rd quarter valued at approximately $37,000. FSA Wealth Management LLC purchased a new stake in Netflix in the third quarter valued at approximately $38,000. Finally, First Personal Financial Services acquired a new position in Netflix during the third quarter worth $40,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $848.26 on Thursday. Netflix, Inc. has a one year low of $475.26 and a one year high of $941.75. The stock has a market capitalization of $362.60 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 1.77 and a beta of 1.27. The company has a 50-day simple moving average of $881.04 and a 200-day simple moving average of $755.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

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

Insider Transactions at Netflix

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. The trade was a 1.01 % 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 over the last 90 days. 1.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on NFLX. Guggenheim boosted their price objective on Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a report on Monday. Needham & Company LLC boosted their price target on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Benchmark increased their price target on shares of Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research report on Friday, January 3rd. Macquarie lifted their price objective on shares of Netflix from $795.00 to $965.00 and gave the company an “outperform” rating in a report on Monday. Finally, Wolfe Research reiterated an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $845.82.

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.