Calamos Advisors LLC Increases Stake in Netflix, Inc. (NASDAQ:NFLX)

Calamos Advisors LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 175,591 shares of the Internet television network’s stock after acquiring an additional 166 shares during the quarter. Netflix accounts for about 0.7% of Calamos Advisors LLC’s investment portfolio, making the stock its 19th biggest position. Calamos Advisors LLC’s holdings in Netflix were worth $156,508,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. AMF Tjanstepension AB grew its position in Netflix by 7.4% in the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after acquiring an additional 4,701 shares during the last quarter. Czech National Bank lifted its stake in Netflix by 6.5% during the 3rd quarter. Czech National Bank now owns 87,425 shares of the Internet television network’s stock valued at $62,008,000 after acquiring an additional 5,312 shares during the period. GAMMA Investing LLC lifted its holdings in Netflix by 29.4% in the 3rd quarter. GAMMA Investing LLC now owns 7,119 shares of the Internet television network’s stock worth $5,049,000 after purchasing an additional 1,618 shares in the last quarter. Diversified Trust Co grew its position in Netflix by 69.1% in the 3rd quarter. Diversified Trust Co now owns 10,635 shares of the Internet television network’s stock valued at $7,544,000 after acquiring an additional 4,347 shares during the last quarter. Finally, Smith Anglin Financial LLC lifted its position in Netflix by 28.4% during the third quarter. Smith Anglin Financial LLC now owns 457 shares of the Internet television network’s stock valued at $324,000 after acquiring an additional 101 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $772.10, for a total value of $334,319.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 246,710 shares of company stock valued at $233,561,836. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of research reports. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Evercore ISI lifted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Bank of America raised their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective on the stock in a report on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Price Performance

Netflix stock opened at $978.94 on Tuesday. The firm’s fifty day moving average is $904.67 and its 200 day moving average is $779.53. The company has a market cap of $418.75 billion, a price-to-earnings ratio of 49.37, a PEG ratio of 2.02 and a beta of 1.27. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the company posted $2.11 EPS. The business’s revenue was up 16.0% on a year-over-year basis. Sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.