Calamos Advisors LLC Lowers Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Calamos Advisors LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.8% in the fourth quarter, HoldingsChannel reports. The fund owned 150,982 shares of the Internet television network’s stock after selling 14,535 shares during the quarter. Calamos Advisors LLC’s holdings in Netflix were worth $73,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NFLX. Ninety One SA PTY Ltd acquired a new stake in Netflix during the fourth quarter valued at $16,557,000. Ninety One UK Ltd acquired a new stake in shares of Netflix during the fourth quarter valued at about $16,168,000. Wright Investors Service Inc. increased its position in shares of Netflix by 30.8% during the fourth quarter. Wright Investors Service Inc. now owns 4,154 shares of the Internet television network’s stock valued at $2,022,000 after acquiring an additional 977 shares during the last quarter. ESG Planning acquired a new position in shares of Netflix in the fourth quarter valued at approximately $243,000. Finally, Flossbach Von Storch AG grew its holdings in Netflix by 0.7% during the 4th quarter. Flossbach Von Storch AG now owns 40,614 shares of the Internet television network’s stock worth $19,774,000 after acquiring an additional 293 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 0.5 %

Shares of NASDAQ NFLX traded down $3.13 during mid-day trading on Thursday, hitting $610.56. 7,191,692 shares of the company traded hands, compared to its average volume of 4,270,205. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $639.00. The stock has a market capitalization of $264.23 billion, a price-to-earnings ratio of 51.53, a PEG ratio of 1.67 and a beta of 1.22. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average of $604.73 and a two-hundred day moving average of $511.17.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The company had revenue of $8.83 billion for the quarter, compared to analysts’ expectations of $8.72 billion. During the same period in the prior year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, sell-side analysts anticipate that Netflix, Inc. will post 17.05 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at $17,091.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at $17,091.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory K. Peters sold 13,655 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total value of $7,425,589.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $7,118,342. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 268,335 shares of company stock valued at $151,619,811. Company insiders own 2.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NFLX shares. Macquarie boosted their price objective on shares of Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research report on Tuesday. Barclays upped their price objective on shares of Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. TD Cowen upped their price objective on shares of Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Benchmark reaffirmed a “sell” rating and set a $440.00 price target on shares of Netflix in a research note on Thursday. Finally, Piper Sandler increased their price objective on shares of Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $614.75.

Netflix Company 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.