Netflix, Inc. $NFLX Stock Holdings Lifted by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its holdings in Netflix, Inc. by 104.5% in the 2nd quarter, now owning 29,983 shares valued at approximately $40 million.
• Several institutional investors, including Nuveen LLC and Goldman Sachs Group Inc., have significantly increased their stakes in Netflix, positioning it as a key investment with 80.93% of the stock owned by such entities.
• Netflix reported $7.19 earnings per share for the last quarter, surpassing expectations and reflecting a 15.9% year-over-year revenue increase.

Callan Family Office LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 104.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,983 shares of the Internet television network's stock after buying an additional 15,322 shares during the quarter. Netflix accounts for about 1.3% of Callan Family Office LLC's portfolio, making the stock its 9th largest position. Callan Family Office LLC's holdings in Netflix were worth $40,151,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Nuveen LLC purchased a new position in Netflix during the 1st quarter worth $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its position in Netflix by 343,058.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network's stock worth $3,299,450,000 after acquiring an additional 2,463,158 shares during the period. Goldman Sachs Group Inc. lifted its position in Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock worth $3,164,134,000 after acquiring an additional 1,236,251 shares during the period. Amundi lifted its position in Netflix by 37.7% during the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock worth $1,898,496,000 after acquiring an additional 567,251 shares during the period. Finally, Vanguard Group Inc. lifted its position in Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after acquiring an additional 509,255 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of NFLX stock opened at $1,231.07 on Friday. The stock has a market cap of $523.12 billion, a PE ratio of 52.45, a price-to-earnings-growth ratio of 2.04 and a beta of 1.59. The business has a 50-day simple moving average of $1,209.61 and a 200-day simple moving average of $1,165.56. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the previous year, the business earned $4.88 EPS. Netflix's revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. The trade was a 41.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock worth $122,710,980 over the last quarter. Company insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on NFLX. Needham & Company LLC reaffirmed a "buy" rating and set a $1,500.00 price target on shares of Netflix in a research report on Wednesday, September 10th. Seaport Res Ptn raised Netflix from a "hold" rating to a "strong-buy" rating in a research report on Monday. Oppenheimer lifted their price target on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Cowen reaffirmed a "buy" rating on shares of Netflix in a research report on Tuesday. Finally, Rosenblatt Securities lifted their price target on Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,337.63.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.