Callan Capital LLC Purchases 62 Shares of Netflix, Inc. (NASDAQ:NFLX)

Callan Capital LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,876 shares of the Internet television network’s stock after acquiring an additional 62 shares during the period. Callan Capital LLC’s holdings in Netflix were worth $1,941,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. Precision Wealth Strategies LLC lifted its position in Netflix by 3.5% during the 4th quarter. Precision Wealth Strategies LLC now owns 2,444 shares of the Internet television network’s stock valued at $1,190,000 after purchasing an additional 83 shares during the period. Gilbert & Cook Inc. raised its position in shares of Netflix by 5.9% during the 4th quarter. Gilbert & Cook Inc. now owns 2,177 shares of the Internet television network’s stock valued at $1,060,000 after acquiring an additional 121 shares during the last quarter. Aveo Capital Partners LLC lifted its stake in shares of Netflix by 6.9% in the 4th quarter. Aveo Capital Partners LLC now owns 667 shares of the Internet television network’s stock valued at $325,000 after purchasing an additional 43 shares during the period. Gryphon Financial Partners LLC lifted its stake in shares of Netflix by 20.4% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,971 shares of the Internet television network’s stock valued at $1,933,000 after purchasing an additional 674 shares during the period. Finally, Quest Partners LLC bought a new position in shares of Netflix in the 4th quarter worth $370,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider David A. Hyman sold 13,791 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $9,653,700.00. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $22,127,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 196,798 shares of company stock valued at $129,552,672. 1.76% of the stock is owned by insiders.

Netflix Stock Up 2.0 %

NASDAQ NFLX opened at $704.32 on Friday. The business has a fifty day moving average price of $661.93 and a two-hundred day moving average price of $639.96. The stock has a market capitalization of $303.56 billion, a PE ratio of 48.88, a PEG ratio of 1.40 and a beta of 1.26. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $715.66. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95.

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

Analyst Upgrades and Downgrades

NFLX has been the topic of several analyst reports. Benchmark increased their target price on Netflix from $450.00 to $545.00 and gave the company a “sell” rating in a research note on Tuesday, July 16th. Needham & Company LLC reissued a “buy” rating and set a $700.00 price objective on shares of Netflix in a research note on Friday, July 19th. Piper Sandler upped their target price on shares of Netflix from $600.00 to $650.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. UBS Group lifted their price target on shares of Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $685.29.

Netflix Company 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.