Congress Wealth Management LLC DE Has $16.87 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Congress Wealth Management LLC DE increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,924 shares of the Internet television network's stock after buying an additional 1,771 shares during the period. Congress Wealth Management LLC DE's holdings in Netflix were worth $16,868,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the third quarter valued at about $25,000. Pathway Financial Advisers LLC grew its holdings in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares during the last quarter. Newton One Investments LLC bought a new position in Netflix in the 4th quarter worth approximately $34,000. Pineridge Advisors LLC lifted its holdings in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after buying an additional 40 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of Netflix in the third quarter valued at approximately $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Benchmark upgraded shares of Netflix from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd. Bank of America increased their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Arete Research upgraded Netflix to a "hold" rating in a research note on Thursday, January 23rd. Finally, UBS Group reiterated a "buy" rating on shares of Netflix in a research report on Monday, March 10th. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,021.02.

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Netflix Trading Up 1.3 %

NASDAQ:NFLX traded up $12.15 during trading hours on Thursday, hitting $982.80. The stock had a trading volume of 1,556,865 shares, compared to its average volume of 3,483,051. The business's 50 day moving average is $967.54 and its 200-day moving average is $864.18. The company has a market cap of $420.40 billion, a price-to-earnings ratio of 49.68, a P/E/G ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the business posted $2.11 EPS. The firm's revenue was up 16.0% compared to the same quarter last year. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ann Mather sold 2,682 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. In the last three months, insiders sold 288,583 shares of company stock worth $279,611,567. 1.76% of the stock is owned by company insiders.

Netflix Company 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.