Netflix, Inc. (NASDAQ:NFLX) Stock Position Lifted by Callan Capital LLC

Callan Capital LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,523 shares of the Internet television network’s stock after buying an additional 98 shares during the quarter. Callan Capital LLC’s holdings in Netflix were worth $1,228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of Netflix by 15,039.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after purchasing an additional 2,061,859 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Netflix by 40.6% in the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after purchasing an additional 1,573,978 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Netflix by 142.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after purchasing an additional 392,427 shares during the last quarter. Alecta Tjanstepension Omsesidigt lifted its holdings in shares of Netflix by 171.4% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock worth $231,258,000 after purchasing an additional 300,000 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Netflix in the 3rd quarter worth approximately $99,219,000. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the transaction, the chairman now owns 28 shares of the company’s stock, valued at $17,091.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Chairman Reed Hastings sold 20,566 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the sale, the chairman now owns 28 shares in the company, valued at $17,091.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,181,250. The disclosure for this sale can be found here. Insiders have sold a total of 154,573 shares of company stock valued at $89,548,241 over the last 90 days. 2.45% of the stock is currently owned by company insiders.

Netflix Stock Down 0.6 %

NFLX traded down $3.57 during midday trading on Friday, hitting $561.23. 4,332,593 shares of the company’s stock traded hands, compared to its average volume of 4,190,527. The company has a market cap of $241.83 billion, a PE ratio of 38.95, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22. The stock’s fifty day simple moving average is $604.54 and its 200-day simple moving average is $519.46. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12. Netflix, Inc. has a one year low of $315.62 and a one year high of $639.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.88 earnings per share. As a group, equities analysts anticipate that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. BMO Capital Markets restated an “outperform” rating and issued a $713.00 target price (up from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. Citigroup raised their target price on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research report on Monday, March 25th. Pivotal Research raised their target price on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Loop Capital lifted their price target on Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, DZ Bank upgraded Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target on the stock in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $630.58.

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.