Congress Asset Management Co. MA Grows Holdings in Netflix, Inc. (NASDAQ:NFLX)

Congress Asset Management Co. MA boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 6.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,885 shares of the Internet television network’s stock after purchasing an additional 1,174 shares during the quarter. Congress Asset Management Co. MA’s holdings in Netflix were worth $11,469,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NFLX. KFA Private Wealth Group LLC increased its stake in Netflix by 1.9% in the 4th quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after buying an additional 18 shares during the period. Legacy Capital Group California Inc. increased its stake in 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 valued at $1,379,000 after buying an additional 18 shares during the period. Founders Financial Alliance LLC increased its stake in Netflix by 2.4% in the 4th quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock valued at $369,000 after buying an additional 18 shares during the period. Addison Advisors LLC increased its stake in Netflix by 7.8% in the 4th quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock valued at $134,000 after buying an additional 20 shares during the period. Finally, Regent Peak Wealth Advisors LLC increased its stake in 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 valued at $635,000 after buying an additional 21 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NFLX shares. Canaccord Genuity Group cut shares of Netflix from a “buy” rating to a “hold” rating and dropped their price objective for the company from $720.00 to $585.00 in a research note on Friday, April 19th. UBS Group upped their price target on shares of Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Pivotal Research upped their price target on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Guggenheim upped their price target on shares of Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $585.00 price target (down from $720.00) on shares of Netflix in a research note on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $633.53.

Netflix Trading Up 1.0 %

Shares of NASDAQ NFLX traded up $7.09 during trading on Friday, hitting $686.12. 4,557,086 shares of the company traded hands, compared to its average volume of 2,477,096. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $689.88. The company has a 50-day moving average price of $621.45 and a 200-day moving average price of $576.62. The firm has a market capitalization of $295.72 billion, a P/E ratio of 47.61, a P/E/G ratio of 1.47 and a beta of 1.26. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same period in the prior year, the company earned $2.88 EPS. The firm’s revenue was up 14.8% on a year-over-year basis. On average, equities analysts predict that Netflix, Inc. will post 18.31 EPS for the current year.

Insider Buying and Selling

In other Netflix news, Director Anne M. Sweeney sold 633 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were 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 is available at this link. In other news, insider David A. Hyman sold 268 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $18,764,328.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Anne M. Sweeney sold 633 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00. The disclosure for this sale can be found here. In the last three months, insiders sold 69,425 shares of company stock valued at $41,919,791. Company insiders own 1.76% of the company’s stock.

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.