Callan Family Office LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Callan Family Office LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,798 shares of the Internet television network’s stock, valued at approximately $1,275,000.

A number of other hedge funds have also recently modified their holdings of the stock. Denver PWM LLC purchased a new position in Netflix during the 2nd quarter worth $25,000. Valued Wealth Advisors LLC grew its holdings in shares of Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares during the last quarter. VitalStone Financial LLC increased its position in Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 56 shares during the period. Beaird Harris Wealth Management LLC raised its stake in Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 62 shares during the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in Netflix during the 4th quarter worth approximately $32,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

NFLX stock opened at $701.92 on Tuesday. The stock has a 50-day simple moving average of $676.85 and a 200-day simple moving average of $648.20. The firm has a market cap of $302.53 billion, a P/E ratio of 48.71, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $725.26.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter last year, the company earned $3.29 earnings per share. Netflix’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, equities analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Reed Hastings sold 25,599 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total value of $16,163,976.57. Following the sale, the chairman now directly owns 57 shares of the company’s stock, valued at $35,991.51. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The disclosure for this sale can be found here. Insiders have sold 224,784 shares of company stock valued at $150,212,870 in the last quarter. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of a number of recent research reports. Evercore ISI boosted their target price on Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a report on Tuesday, August 27th. Rosenblatt Securities reiterated a “neutral” rating and set a $635.00 price target on shares of Netflix in a research note on Friday, September 20th. Sanford C. Bernstein boosted their target price on Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. Piper Sandler raised shares of Netflix from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $650.00 to $800.00 in a research note on Monday. Finally, Needham & Company LLC reissued a “buy” rating and set a $700.00 price objective on shares of Netflix in a report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $691.76.

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.