Callan Capital LLC Has $1.23 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Callan Capital LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,523 shares of the Internet television network’s stock after acquiring an additional 98 shares during the quarter. Callan Capital LLC’s holdings in Netflix were worth $1,228,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NFLX. Regent Peak Wealth Advisors LLC raised its holdings in Netflix by 1.6% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after buying an additional 21 shares during the period. Capital Advisors Ltd. LLC raised its holdings in Netflix by 5.9% during the 4th quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network’s stock worth $191,000 after buying an additional 22 shares during the period. Centurion Wealth Management LLC raised its holdings in Netflix by 2.4% during the 4th quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock worth $479,000 after buying an additional 23 shares during the period. Secure Asset Management LLC raised its holdings in Netflix by 2.7% during the 4th quarter. Secure Asset Management LLC now owns 903 shares of the Internet television network’s stock worth $440,000 after buying an additional 24 shares during the period. Finally, Key Financial Inc raised its holdings in Netflix by 14.4% during the 3rd quarter. Key Financial Inc now owns 199 shares of the Internet television network’s stock worth $75,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. BMO Capital Markets reiterated an “outperform” rating and issued a $713.00 price objective (up from $638.00) on shares of Netflix in a report on Wednesday, April 17th. Oppenheimer reiterated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a report on Friday, April 19th. The Goldman Sachs Group lifted their price objective on shares of Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Sanford C. Bernstein lifted their price objective on shares of Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $630.58.

Netflix Stock Down 0.6 %

Shares of NASDAQ:NFLX traded down $3.57 during trading on Friday, reaching $561.23. 4,332,593 shares of the stock were exchanged, compared to its average volume of 4,190,527. 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 1-year low of $315.62 and a 1-year high of $639.00. The stock has a fifty day moving average of $604.54 and a two-hundred day moving average of $519.46. The firm has a market cap of $241.83 billion, a price-to-earnings ratio of 38.95, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.88 EPS. Research analysts anticipate that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other news, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Gregory K. Peters sold 5,352 shares of the 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 transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,181,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the transaction, the chief executive officer now owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The disclosure for this sale can be found here. In the last three months, insiders sold 154,573 shares of company stock valued at $89,548,241. 2.45% of the stock is owned by insiders.

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.