Shelton Capital Management Grows Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Shelton Capital Management grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,052 shares of the Internet television network's stock after purchasing an additional 1,859 shares during the period. Netflix makes up 1.7% of Shelton Capital Management's portfolio, making the stock its 9th biggest position. Shelton Capital Management's holdings in Netflix were worth $67,787,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of NFLX. Vanguard Group Inc. increased its stake in Netflix by 0.5% in the 4th 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 during the period. FMR LLC grew its holdings in shares of Netflix by 1.8% during the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock valued at $18,617,081,000 after acquiring an additional 375,234 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Netflix by 1.9% during the 4th 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 acquiring an additional 175,596 shares in the last quarter. Norges Bank acquired a new position in shares of Netflix in the fourth quarter worth $5,019,087,000. Finally, Alliancebernstein L.P. raised its holdings in shares of Netflix by 1.6% during the fourth quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock worth $4,582,568,000 after acquiring an additional 82,564 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

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Netflix Price Performance

Shares of NFLX stock traded down $6.29 during trading hours on Friday, hitting $914.88. The company had a trading volume of 2,201,062 shares, compared to its average volume of 3,676,804. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm's fifty day moving average is $961.62 and its 200 day moving average is $882.89. The firm has a market capitalization of $391.35 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter last year, the company posted $2.11 EPS. The firm's revenue for the quarter was up 16.0% on a year-over-year basis. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The sale 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 4,939 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the sale, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 274,312 shares of company stock worth $267,919,297. Insiders own 1.76% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Canaccord Genuity Group upgraded Netflix from a "hold" rating to a "buy" rating and boosted their target price for the company from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Benchmark upgraded Netflix from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd. Evercore ISI raised their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Barclays raised shares of Netflix from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Finally, Argus raised their price target on shares of Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a report on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,017.31.

About Netflix

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.