Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 25.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,242 shares of the Internet television network's stock after selling 6,910 shares during the period. Netflix comprises about 0.9% of Calamos Wealth Management LLC's portfolio, making the stock its 22nd largest holding. Calamos Wealth Management LLC's holdings in Netflix were worth $18,876,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Netflix by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after buying an additional 171,712 shares during the last quarter. FMR LLC boosted its holdings in Netflix by 1.8% in the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after buying an additional 375,234 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after buying an additional 175,596 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Netflix by 109,524.3% in the 1st 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. Finally, Norges Bank purchased a new position in Netflix in the 4th quarter worth approximately $5,019,087,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Up 0.8%

Shares of NFLX stock traded up $10.38 on Friday, reaching $1,295.24. 2,006,224 shares of the stock were exchanged, compared to its average volume of 3,761,661. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The business's 50 day moving average price is $1,207.87 and its 200 day moving average price is $1,036.59. The company has a market capitalization of $551.21 billion, a price-to-earnings ratio of 61.21, a PEG ratio of 2.35 and a beta of 1.59. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter in the previous year, the firm posted $8.28 earnings per share. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $1,132.38, for a total value of $2,945,320.38. Following the completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,179,614.58. This represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Reed Hastings sold 26,977 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the completion of the transaction, the director owned 394 shares of the company's stock, valued at $446,421.70. This represents a 98.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 186,723 shares of company stock worth $223,307,201. 1.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on NFLX. Piper Sandler set a $1,150.00 target price on shares of Netflix and gave the stock an "overweight" rating in a research note on Monday, April 21st. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the stock an "outperform" rating in a research note on Friday, May 16th. Bank of America raised their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Robert W. Baird raised their target price on shares of Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, KeyCorp lifted their price target on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have 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 $1,182.58.

Netflix 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.