Netflix, Inc. (NFLX) Stake Lowered by Calamos Wealth Management LLC

Calamos Wealth Management LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,117 shares of the Internet television network’s stock after selling 79 shares during the quarter. Calamos Wealth Management LLC’s holdings in Netflix were worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc raised its position in Netflix by 59.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 35 shares in the last quarter. Clarfeld Financial Advisors LLC purchased a new position in Netflix during the fourth quarter valued at approximately $27,000. Pearl River Capital LLC purchased a new position in Netflix during the fourth quarter valued at approximately $30,000. NuWave Investment Management LLC raised its position in Netflix by 338.5% during the fourth quarter. NuWave Investment Management LLC now owns 114 shares of the Internet television network’s stock valued at $31,000 after acquiring an additional 88 shares in the last quarter. Finally, Citizens Financial Group Inc RI raised its position in Netflix by 750.0% during the fourth quarter. Citizens Financial Group Inc RI now owns 136 shares of the Internet television network’s stock valued at $36,000 after acquiring an additional 120 shares in the last quarter. 76.21% of the stock is currently owned by institutional investors.

Shares of Netflix stock traded up $5.97 during trading hours on Friday, hitting $385.03. The company’s stock had a trading volume of 5,119,524 shares, compared to its average volume of 9,229,822. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.81. The firm has a market cap of $168.34 billion, a PE ratio of 143.67, a price-to-earnings-growth ratio of 3.69 and a beta of 1.34. Netflix, Inc. has a twelve month low of $231.23 and a twelve month high of $423.21.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.19. The firm had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.50 billion. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 EPS. As a group, equities analysts expect that Netflix, Inc. will post 3.35 earnings per share for the current year.

In related news, CEO Reed Hastings sold 56,966 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $370.74, for a total value of $21,119,574.84. Following the sale, the chief executive officer now owns 56,966 shares in the company, valued at approximately $21,119,574.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anne M. Sweeney sold 342 shares of the business’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $360.00, for a total value of $123,120.00. Following the completion of the sale, the director now owns 342 shares in the company, valued at approximately $123,120. The disclosure for this sale can be found here. Insiders sold a total of 173,440 shares of company stock worth $63,555,861 in the last quarter. Company insiders own 4.29% of the company’s stock.

NFLX has been the subject of several recent research reports. Barclays set a $375.00 price target on Netflix and gave the company a “buy” rating in a research report on Wednesday, April 17th. SunTrust Banks restated a “buy” rating on shares of Netflix in a research report on Friday, April 12th. Wedbush restated a “sell” rating and issued a $150.00 price objective on shares of Netflix in a research report on Monday, January 14th. JPMorgan Chase & Co. dropped their price target on Netflix from $425.00 to $425.00 and set an “overweight” rating for the company in a research report on Monday, January 14th. Finally, Raymond James upgraded Netflix from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $435.00 to $450.00 in a research report on Friday, January 11th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. Netflix currently has an average rating of “Buy” and an average target price of $385.03.

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About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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