Congress Asset Management Co. Has $129.10 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Congress Asset Management Co. boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 138,442 shares of the Internet television network’s stock after purchasing an additional 2,607 shares during the period. Netflix accounts for about 1.0% of Congress Asset Management Co.’s investment portfolio, making the stock its 28th biggest holding. Congress Asset Management Co.’s holdings in Netflix were worth $129,101,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of NFLX. Pathway Financial Advisers LLC boosted its position in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix during the fourth quarter valued at approximately $27,000. Transce3nd LLC acquired a new position in Netflix during the fourth quarter valued at approximately $32,000. Pineridge Advisors LLC lifted its position in shares of Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after buying an additional 40 shares during the last quarter. Finally, Copia Wealth Management acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $37,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ann Mather sold 1,358 shares of Netflix stock in a transaction on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 153,390 shares of company stock worth $170,509,439. Insiders own 1.37% of the company’s stock.

Netflix Price Performance

Netflix stock opened at $1,241.47 on Friday. The stock’s fifty day moving average price is $1,087.80 and its two-hundred day moving average price is $987.81. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $528.33 billion, a PE ratio of 62.61, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the company earned $8.28 EPS. As a group, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

NFLX has been the subject of a number of recent analyst reports. Bank of America raised their price objective on Netflix from $1,175.00 to $1,490.00 and gave the company a “buy” rating in a research report on Friday, May 30th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,200.00 price objective (up from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $1,220.00 price objective (up from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. Macquarie raised their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Monday, April 21st. Finally, KeyCorp raised their price objective on Netflix from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,149.91.

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.