2,550 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Calton & Associates Inc.

Calton & Associates Inc. acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,550 shares of the Internet television network's stock, valued at approximately $2,378,000.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in Netflix by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after buying an additional 171,712 shares in the last quarter. FMR LLC boosted its position in Netflix by 1.8% in the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock valued at $18,617,081,000 after buying an additional 375,234 shares in the last quarter. Geode Capital Management LLC boosted its position in Netflix by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock valued at $8,287,823,000 after buying an additional 175,596 shares in the last quarter. GAMMA Investing LLC boosted its position in Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after buying an additional 8,827,662 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Netflix during the fourth quarter worth approximately $5,019,087,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Strive Masiyiwa sold 290 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,336.54, for a total value of $387,596.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 620 shares of Netflix stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total transaction of $797,840.80. The disclosure for this sale can be found here. Insiders sold a total of 186,723 shares of company stock valued at $223,307,201 over the last three months. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Down 5.1%

Shares of NASDAQ NFLX traded down $64.93 during trading on Friday, hitting $1,209.24. The stock had a trading volume of 10,678,762 shares, compared to its average volume of 3,762,863. The company has a market capitalization of $514.62 billion, a PE ratio of 51.52, a PEG ratio of 2.19 and a beta of 1.59. The firm has a fifty day moving average of $1,232.59 and a two-hundred day moving average of $1,061.94. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 43.00%. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the prior year, the firm earned $4.88 earnings per share. The company's revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several analyst reports. Benchmark restated a "hold" rating on shares of Netflix in a report on Monday, April 21st. Seaport Res Ptn downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. UBS Group reissued a "market underperform" rating on shares of Netflix in a research report on Saturday. Wolfe Research set a $1,340.00 price objective on shares of Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, Macquarie increased their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,291.41.

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.