Apella Capital LLC Acquires 374 Shares of Netflix, Inc. (NASDAQ:NFLX)

Apella Capital LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 60.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 995 shares of the Internet television network’s stock after acquiring an additional 374 shares during the quarter. Apella Capital LLC’s holdings in Netflix were worth $682,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFLX. Valued Wealth Advisors LLC lifted its position in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after buying an additional 20 shares during the period. VitalStone Financial LLC increased its holdings in shares of Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC increased its holdings in shares of Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 62 shares in the last quarter. Scarborough Advisors LLC bought a new position in shares of Netflix during the fourth quarter valued at $32,000. Finally, Indiana Trust & Investment Management CO increased its holdings in shares of Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 28 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the subject of several research analyst reports. Sanford C. Bernstein lifted their price objective on Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a report on Friday, July 19th. Wells Fargo & Company lifted their price objective on Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Guggenheim lifted their price objective on Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Macquarie reiterated an “outperform” rating and issued a $685.00 price objective on shares of Netflix in a report on Tuesday, July 16th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $585.00 price objective (down from $720.00) on shares of Netflix in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $681.21.

Netflix Price Performance

NASDAQ:NFLX traded up $1.91 during trading hours on Wednesday, reaching $611.48. The stock had a trading volume of 3,182,082 shares, compared to its average volume of 3,938,514. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $697.49. The company has a 50 day moving average price of $654.34 and a two-hundred day moving average price of $616.39. The stock has a market capitalization of $263.55 billion, a PE ratio of 43.72, a PEG ratio of 1.28 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter in the previous year, the company posted $3.29 EPS. The company’s revenue was up 16.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 25,599 shares of Netflix stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total value of $16,163,976.57. Following the sale, the chairman now owns 57 shares of the company’s stock, valued at approximately $35,991.51. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Chairman Reed Hastings sold 25,599 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the transaction, the chairman now owns 57 shares of the company’s stock, valued at approximately $35,991.51. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total value of $785,254.32. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,043,019.60. The disclosure for this sale can be found here. Insiders have sold a total of 95,349 shares of company stock valued at $60,762,042 in the last quarter. 1.76% of the stock is currently owned by 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.