Netflix, Inc. $NFLX Shares Acquired by Congress Asset Management Co.

Congress Asset Management Co. boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,607 shares of the Internet television network’s stock after buying an additional 1,165 shares during the period. Netflix makes up approximately 1.3% of Congress Asset Management Co.’s investment portfolio, making the stock its 13th largest holding. Congress Asset Management Co.’s holdings in Netflix were worth $186,952,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC lifted its position in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares during the period. Maseco LLP acquired a new stake in Netflix during the 2nd quarter worth about $39,000. Ransom Advisory Ltd acquired a new position in shares of Netflix in the 2nd quarter valued at about $47,000. Flaharty Asset Management LLC acquired a new position in shares of Netflix in the 1st quarter valued at about $37,000. Finally, Copia Wealth Management purchased a new stake in shares of Netflix in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $1,500.00 target price on shares of Netflix in a report on Wednesday, September 10th. Piper Sandler lifted their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Barclays reiterated a “sell” rating and issued a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Sanford C. Bernstein raised their target price on Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,328.87.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $1,208.24 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The firm has a market capitalization of $513.42 billion, a PE ratio of 51.48, a P/E/G ratio of 2.03 and a beta of 1.60. The business’s 50 day moving average price is $1,208.72 and its 200-day moving average price is $1,147.93.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the prior year, the company earned $4.88 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at $4,457,842.16. This trade represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,728 shares of company stock worth $108,700,648 in the last 90 days. 1.37% of the stock is owned by insiders.

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.