Acropolis Investment Management LLC Raises Position in Netflix, Inc. (NASDAQ:NFLX)

Acropolis Investment Management LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 297 shares of the Internet television network’s stock after purchasing an additional 16 shares during the period. Acropolis Investment Management LLC’s holdings in Netflix were worth $265,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the 3rd quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. increased its stake in 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 acquiring an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix in the 3rd quarter worth about $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix in the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services purchased a new stake in shares of Netflix during the 3rd quarter worth about $40,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NFLX. The Goldman Sachs Group lifted their price target on shares of Netflix from $750.00 to $850.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Wells Fargo & Company lifted their target price on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Piper Sandler increased their price target on Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a report on Tuesday. Canaccord Genuity Group raised their price objective on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Finally, Argus upped their target price on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $845.82.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock valued at $131,030,268 in the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix Stock Up 2.4 %

Shares of Netflix stock opened at $848.26 on Thursday. Netflix, Inc. has a twelve month low of $475.26 and a twelve month 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 current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The business’s 50 day simple moving average is $881.04 and its 200-day simple moving average is $755.96.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Equities research analysts forecast that Netflix, Inc. will post 19.78 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.