Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Congress Asset Management Co.

Congress Asset Management Co. lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,722 shares of the Internet television network’s stock after purchasing an additional 9,353 shares during the period. Congress Asset Management Co.’s holdings in Netflix were worth $94,845,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NFLX. DigitalBridge Group Inc. grew its holdings in Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after purchasing an additional 9,451 shares during the period. M&G Plc acquired a new position in shares of Netflix in the first quarter worth about $9,682,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Netflix by 58.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock worth $55,968,000 after purchasing an additional 30,511 shares in the last quarter. Forsta AP Fonden raised its position in Netflix by 7.7% during the third quarter. Forsta AP Fonden now owns 121,400 shares of the Internet television network’s stock valued at $86,105,000 after acquiring an additional 8,700 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Netflix by 13.9% during the first quarter. Janney Montgomery Scott LLC now owns 60,721 shares of the Internet television network’s stock valued at $36,878,000 after acquiring an additional 7,406 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

NFLX traded up $3.49 during trading hours on Thursday, reaching $757.23. The company’s stock had a trading volume of 588,926 shares, compared to its average volume of 3,692,985. Netflix, Inc. has a 52 week low of $404.63 and a 52 week high of $773.00. The company’s 50-day moving average is $710.23 and its 200-day moving average is $662.33. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $323.69 billion, a PE ratio of 42.84, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 209,810 shares of company stock worth $142,049,542. Company insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Rosenblatt Securities lifted their price target on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Wells Fargo & Company lifted their price target on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. TD Cowen lifted their price target on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Loop Capital lifted their price target on shares of Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $748.15.

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.