Netflix, Inc. (NASDAQ:NFLX) Stake Trimmed by Congress Park Capital LLC

Congress Park Capital LLC cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,296 shares of the Internet television network’s stock after selling 75 shares during the quarter. Congress Park Capital LLC’s holdings in Netflix were worth $1,155,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bradley Foster & Sargent Inc. CT raised its stake in Netflix by 55.1% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 1,556 shares of the Internet television network’s stock valued at $1,050,000 after purchasing an additional 553 shares during the period. Argent Trust Co raised its position in Netflix by 14.7% during the second quarter. Argent Trust Co now owns 2,992 shares of the Internet television network’s stock valued at $2,019,000 after buying an additional 383 shares during the period. Glass Jacobson Investment Advisors llc lifted its stake in Netflix by 187.6% in the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 440 shares of the Internet television network’s stock worth $297,000 after acquiring an additional 287 shares in the last quarter. Intrepid Financial Planning Group LLC acquired a new stake in Netflix during the 2nd quarter worth about $218,000. Finally, MRP Capital Investments LLC acquired a new stake in Netflix during the 2nd quarter worth about $769,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NFLX shares. Sanford C. Bernstein increased their target price on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Loop Capital cut their price target on Netflix from $950.00 to $925.00 and set a “hold” rating for the company in a research note on Thursday. Wedbush reaffirmed an “outperform” rating and set a $950.00 price objective (up from $800.00) on shares of Netflix in a report on Monday, November 18th. Barclays increased their price objective on Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a research report on Tuesday. Finally, Benchmark lifted their target price on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $845.06.

Netflix Trading Down 0.7 %

Shares of Netflix stock opened at $842.37 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75. The company has a market capitalization of $360.08 billion, a price-to-earnings ratio of 47.67, a PEG ratio of 1.35 and a beta of 1.27. The firm’s 50-day moving average price is $882.41 and its two-hundred day moving average price is $756.61.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Theodore A. Sarandos sold 1,278 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total transaction of $980,289.90. Following the sale, the chief executive officer now directly owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. The trade was a 33.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 152,198 shares of company stock worth $127,616,898 over the last three months. Insiders own 1.76% of the company’s stock.

About Netflix

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.