Aprio Wealth Management LLC Raises Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Aprio Wealth Management LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,186 shares of the Internet television network’s stock after acquiring an additional 295 shares during the period. Aprio Wealth Management LLC’s holdings in Netflix were worth $1,948,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. increased its position in Netflix by 700.0% in 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 buying an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Netflix in the third quarter worth $37,000. FSA Wealth Management LLC purchased a new stake in Netflix in the third quarter worth $38,000. Finally, First Personal Financial Services purchased a new stake in Netflix in the third quarter worth $40,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Down 4.3 %

Shares of NASDAQ:NFLX opened at $837.69 on Monday. The stock has a fifty day simple moving average of $878.06 and a two-hundred day simple moving average of $753.78. The stock has a market capitalization of $358.08 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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 business had revenue of $9.82 billion during 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%. On average, research analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Macquarie reissued an “outperform” rating and issued a $795.00 target price on shares of Netflix in a research report on Friday, October 18th. KeyCorp raised their target price on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Oppenheimer raised their target price on Netflix from $825.00 to $1,065.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. The Goldman Sachs Group raised their price target on Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $824.00.

Insider Buying and Selling at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 4,186 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,817,500. This represents a 24.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 156,742 shares of company stock worth $131,030,268. 1.76% of the stock is owned by insiders.

Netflix Company 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.