Carillon Tower Advisers Inc. acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 13,200 shares of the Internet television network’s stock, valued at approximately $4,706,000.

Several other hedge funds have also recently modified their holdings of the business. Investment House LLC grew its holdings in shares of Netflix by 3.1% during the first quarter. Investment House LLC now owns 954 shares of the Internet television network’s stock worth $340,000 after purchasing an additional 29 shares during the last quarter. Twin Capital Management Inc. grew its holdings in shares of Netflix by 6.8% during the first quarter. Twin Capital Management Inc. now owns 21,770 shares of the Internet television network’s stock worth $7,762,000 after purchasing an additional 1,395 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Netflix by 0.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 570,305 shares of the Internet television network’s stock worth $203,348,000 after purchasing an additional 4,507 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Netflix by 86.5% during the first quarter. Victory Capital Management Inc. now owns 112,744 shares of the Internet television network’s stock worth $40,200,000 after purchasing an additional 52,304 shares during the last quarter. Finally, Whitener Capital Management Inc. grew its holdings in shares of Netflix by 23.2% during the first quarter. Whitener Capital Management Inc. now owns 7,065 shares of the Internet television network’s stock worth $2,519,000 after purchasing an additional 1,331 shares during the last quarter. 76.08% of the stock is currently owned by institutional investors.

In related news, CEO Reed Hastings sold 56,966 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $370.74, for a total value of $21,119,574.84. Following the completion of the sale, the chief executive officer now owns 56,966 shares in the company, valued at $21,119,574.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Anne M. Sweeney sold 1,649 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $370.00, for a total transaction of $610,130.00. Following the completion of the sale, the director now owns 609 shares of the company’s stock, valued at approximately $225,330. The disclosure for this sale can be found here. In the last 90 days, insiders sold 165,491 shares of company stock valued at $60,694,221. 4.29% of the stock is owned by insiders.

Shares of NASDAQ:NFLX opened at $345.61 on Thursday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market capitalization of $150.95 billion, a P/E ratio of 128.96, a PEG ratio of 3.44 and a beta of 1.33. Netflix, Inc. has a 52 week low of $231.23 and a 52 week high of $423.21.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, April 16th. The Internet television network reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.19. The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.50 billion. Netflix had a net margin of 7.61% and a return on equity of 24.75%. The firm’s revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 earnings per share. On average, sell-side analysts anticipate that Netflix, Inc. will post 3.35 earnings per share for the current fiscal year.

Several equities analysts have issued reports on the company. Pivotal Research reaffirmed a “buy” rating and set a $500.00 price objective on shares of Netflix in a report on Tuesday, April 16th. BMO Capital Markets raised their price objective on Netflix from $440.00 to $470.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Nomura reissued a “neutral” rating and set a $320.00 price target (up previously from $300.00) on shares of Netflix in a report on Friday, January 18th. Argus reissued a “hold” rating on shares of Netflix in a report on Tuesday, January 22nd. Finally, Wedbush raised their price target on Netflix from $150.00 to $165.00 and gave the stock an “underperform” rating in a report on Friday, January 18th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $385.03.

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About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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