Netflix, Inc. $NFLX is Callan Family Office LLC’s 9th Largest Position

Callan Family Office LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 104.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 29,983 shares of the Internet television network’s stock after buying an additional 15,322 shares during the period. Netflix comprises 1.3% of Callan Family Office LLC’s portfolio, making the stock its 9th biggest holding. Callan Family Office LLC’s holdings in Netflix were worth $40,151,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Optima Capital LLC lifted its position in shares of Netflix by 3.5% during the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock valued at $320,000 after acquiring an additional 8 shares during the period. Unified Investment Management lifted its position in shares of Netflix by 1.7% during the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock valued at $635,000 after acquiring an additional 8 shares during the period. Plancorp LLC lifted its position in shares of Netflix by 0.6% during the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock valued at $1,711,000 after acquiring an additional 8 shares during the period. Five Oceans Advisors lifted its position in shares of Netflix by 1.1% during the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock valued at $1,006,000 after acquiring an additional 8 shares during the period. Finally, Old Port Advisors lifted its position in shares of Netflix by 1.3% during the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock valued at $836,000 after acquiring an additional 8 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Up 1.4%

Shares of NFLX opened at $1,231.07 on Friday. The stock has a fifty day moving average of $1,209.61 and a two-hundred day moving average of $1,165.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization 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. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15.

Netflix (NASDAQ:NFLX) last issued 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. The company had revenue of $11.08 billion during 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 was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of research reports. Morgan Stanley reiterated an “equal weight” rating on shares of Netflix in a research report on Monday, July 21st. Sanford C. Bernstein lifted their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a research report on Thursday, September 11th. Needham & Company LLC restated a “buy” rating and set a $1,500.00 price objective on shares of Netflix in a research report on Wednesday, September 10th. Finally, The Goldman Sachs Group cut their price objective on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,337.63.

Insider Buying and Selling

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction on Friday, August 1st. The shares were 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 of the company’s stock, valued at $4,290,418.40. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock worth $122,710,980 in the last three months. 1.37% of the stock is currently owned by insiders.

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.