Caliber Wealth Management LLC KS Acquires New Holdings in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Caliber Wealth Management LLC KS has made a new investment in Netflix, Inc. valued at approximately $223,000, acquiring 239 shares of the company during the 1st quarter.
• Netflix reported $7.19 earnings per share for its last quarterly earnings, surpassing the consensus estimate of $7.07 and achieving revenue of $11.08 billion, which was also above expectations.
• Research firms have raised their price targets for Netflix shares, with Bank of America increasing its target from $1,175.00 to $1,490.00, and analysts give the stock a consensus rating of "Moderate Buy."

Caliber Wealth Management LLC KS acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 239 shares of the Internet television network's stock, valued at approximately $223,000.

A number of other large investors have also made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC raised its position in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix in the fourth quarter valued at approximately $27,000. Transce3nd LLC acquired a new position in shares of Netflix in the fourth quarter valued at approximately $32,000. Copia Wealth Management acquired a new position in shares of Netflix in the fourth quarter valued at approximately $37,000. Finally, Stuart Chaussee & Associates Inc. raised its position in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Down 0.0%

Shares of NFLX traded down $0.27 during midday trading on Friday, hitting $1,180.49. The stock had a trading volume of 2,624,404 shares, compared to its average volume of 3,928,007. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,341.15. The business has a 50-day simple moving average of $1,236.44 and a two-hundred day simple moving average of $1,072.76. The firm has a market cap of $501.63 billion, a P/E ratio of 50.30, a price-to-earnings-growth ratio of 1.99 and a beta of 1.59. The company has a current ratio of 1.34, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.88 earnings per share. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

NFLX has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $1,500.00 price target on shares of Netflix in a research report on Friday, July 18th. JPMorgan Chase & Co. upped their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Jefferies Financial Group set a $1,500.00 price target on shares of Netflix and gave the stock a "buy" rating in a research report on Friday, July 18th. Guggenheim reaffirmed a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Finally, The Goldman Sachs Group upped their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Insiders Place Their Bets

In other news, Director Reed Hastings sold 9,673 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,329.11, for a total value of $12,856,481.03. Following the completion of the sale, the director directly owned 394 shares of the company's stock, valued at $523,669.34. This represents a 96.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,824,949.02. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,923 shares of company stock valued at $222,445,095 over the last ninety days. Insiders own 1.37% of the company's stock.

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.