Congress Asset Management Co. MA Sells 18 Shares of Netflix, Inc. (NASDAQ:NFLX)

Congress Asset Management Co. MA decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,711 shares of the Internet television network’s stock after selling 18 shares during the quarter. Congress Asset Management Co. MA’s holdings in Netflix were worth $8,623,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in NFLX. KFA Private Wealth Group LLC lifted its holdings in shares of Netflix by 1.9% in the 4th quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock worth $466,000 after buying an additional 18 shares during the period. Legacy Capital Group California Inc. lifted its holdings in shares of Netflix by 0.6% in the 4th quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock worth $1,379,000 after buying an additional 18 shares during the period. Founders Financial Alliance LLC lifted its holdings in shares of Netflix by 2.4% in the 4th quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock worth $369,000 after buying an additional 18 shares during the period. Addison Advisors LLC lifted its holdings in shares of Netflix by 7.8% in the 4th quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock worth $134,000 after buying an additional 20 shares during the period. Finally, Regent Peak Wealth Advisors LLC lifted its holdings in shares of Netflix by 1.6% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after buying an additional 21 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other news, Director Anne M. Sweeney sold 633 shares of Netflix stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total value of $354,480.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Anne M. Sweeney sold 633 shares of Netflix stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total value of $354,480.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 564 shares of Netflix stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $613.08, for a total value of $345,777.12. The disclosure for this sale can be found here. Insiders have sold 64,642 shares of company stock valued at $38,691,266 over the last ninety days. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Macquarie upped their target price on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Rosenblatt Securities boosted their price target on Netflix from $540.00 to $554.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th. Loop Capital boosted their price target on Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Deutsche Bank Aktiengesellschaft boosted their price target on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $655.00 price target on shares of Netflix in a research report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $632.06.

Netflix Stock Up 2.5 %

Shares of NFLX opened at $669.38 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $675.58. The stock’s 50 day moving average is $615.54 and its two-hundred day moving average is $569.67. The firm has a market cap of $288.50 billion, a P/E ratio of 46.45, a PEG ratio of 1.45 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company earned $2.88 earnings per share. Analysts predict that Netflix, Inc. will post 18.31 earnings per share 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.