Callan Family Office LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Callan Family Office LLC increased its stake in Netflix by 37.8%, acquiring an additional 4,023 shares, bringing its total holdings to 14,661 shares valued at approximately $13.67 million.
• Multiple institutional investors have also increased their stakes in Netflix, including Vanguard Group Inc. and Goldman Sachs Group Inc., highlighting strong institutional interest in the stock.
• Netflix recently reported quarterly earnings with an EPS of $7.19, surpassing expectations, while also achieving a revenue of $11.08 billion, reflecting a 15.9% year-over-year growth.

Callan Family Office LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 37.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,661 shares of the Internet television network's stock after purchasing an additional 4,023 shares during the period. Netflix makes up 1.0% of Callan Family Office LLC's investment portfolio, making the stock its 20th largest holding. Callan Family Office LLC's holdings in Netflix were worth $13,672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Nuveen LLC purchased a new position in shares of Netflix in the first quarter worth approximately $2,385,585,000. Goldman Sachs Group Inc. boosted its holdings in shares of Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock worth $3,164,134,000 after buying an additional 1,236,251 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Netflix by 14.3% in the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after buying an additional 570,674 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after buying an additional 509,255 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

NFLX stock traded up $6.97 during trading on Tuesday, hitting $1,225.28. 2,278,570 shares of the company traded hands, compared to its average volume of 3,937,797. The stock's 50-day simple moving average is $1,232.39 and its 200 day simple moving average is $1,097.79. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market cap of $520.66 billion, a PE ratio of 52.21, a P/E/G ratio of 2.05 and a beta of 1.59. Netflix, Inc. has a 1 year low of $635.50 and a 1 year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last issued 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 company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%. Netflix's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.88 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the business's 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 in the company, valued at approximately $4,824,949.02. The trade was a 41.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 146,307 shares of company stock worth $179,443,809. Company insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Pivotal Research restated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. KeyCorp increased their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Canaccord Genuity Group reissued a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Benchmark reissued a "hold" rating on shares of Netflix in a report on Monday, April 21st. Finally, Barclays reissued a "sell" rating and issued a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

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.