Aptus Capital Advisors LLC Boosts Stock Holdings in Netflix, Inc. $NFLX

Aptus Capital Advisors LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,379 shares of the Internet television network’s stock after purchasing an additional 2,790 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Netflix were worth $32,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC boosted its stake in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new position in Netflix during the 4th quarter valued at about $27,000. Transce3nd LLC bought a new position in Netflix during the 4th quarter valued at about $32,000. Copia Wealth Management bought a new position in shares of Netflix in the 4th quarter worth approximately $37,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of Netflix in the 1st quarter worth approximately $42,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Up 0.7%

Shares of NASDAQ:NFLX opened at $1,238.95 on Monday. Netflix, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15. The company has a market capitalization of $526.46 billion, a PE ratio of 52.79, a PEG ratio of 2.09 and a beta of 1.59. The business has a 50 day moving average of $1,231.23 and a two-hundred day moving average of $1,103.91. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $11.04 billion. During the same period in the previous year, the company posted $4.88 earnings per share. Netflix’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

NFLX has been the topic of several recent research reports. The Goldman Sachs Group increased their price objective on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. Evercore ISI reiterated an “outperform” rating on shares of Netflix in a research note on Thursday, May 15th. Phillip Securities cut shares of Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Oppenheimer increased their price objective on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a research note on Thursday, June 12th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a research note on Tuesday, August 12th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,297.66.

Insider Buying and Selling

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the transaction, the director directly owned 63,040 shares of the company’s stock, valued at approximately $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were 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 directly owned 12,781 shares of the company’s stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 146,307 shares of company stock valued at $179,443,809. Insiders own 1.37% of the company’s stock.

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.