239 Shares in Netflix, Inc. $NFLX Purchased by Calton & Associates Inc.

Key Points

• Calton & Associates Inc. has acquired a new position in Netflix, purchasing 239 shares valued at approximately $223,000 during the first quarter.
• Insider sales included Cletus R. Willems selling 238 shares for over $274,000 and CEO Theodore A. Sarandos selling 2,026 shares for approximately $2.35 million.
• Netflix's stock is experiencing a consensus rating of "Moderate Buy" with a target price of $1,297.66, while significant analysts have raised their price targets.

Calton & Associates Inc. purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 239 shares of the Internet television network's stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Resurgent Financial Advisors LLC boosted its holdings in Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after purchasing an additional 708 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Netflix by 42.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock valued at $412,059,000 after buying an additional 130,946 shares during the period. Janus Henderson Group PLC raised its position in shares of Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after buying an additional 110,432 shares during the period. PharVision Advisers LLC purchased a new stake in shares of Netflix during the 4th quarter valued at approximately $873,000. Finally, New England Research & Management Inc. raised its position in shares of Netflix by 148.5% during the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after buying an additional 1,268 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Cletus R. Willems sold 238 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the sale, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,629 shares of company stock worth $116,131,982 over the last 90 days. Company insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NFLX shares. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research report on Tuesday, July 15th. Bank of America lifted their price target on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Piper Sandler lifted their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $1,500.00 price target on shares of Netflix in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

Netflix Stock Performance

Shares of NFLX stock opened at $1,208.25 on Tuesday. The firm's 50 day moving average price is $1,230.21 and its 200-day moving average price is $1,119.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15. The firm has a market cap of $513.42 billion, a P/E ratio of 51.48, a P/E/G ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the business posted $4.88 EPS. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 EPS 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.

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