Congress Park Capital LLC Sells 75 Shares of Netflix, Inc. (NASDAQ:NFLX)

Congress Park Capital LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,296 shares of the Internet television network’s stock after selling 75 shares during the period. 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 boosted its position 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 worth $1,050,000 after buying an additional 553 shares during the period. Argent Trust Co raised its stake in shares of 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 acquiring an additional 383 shares during the last quarter. Glass Jacobson Investment Advisors llc lifted its holdings in shares of Netflix by 187.6% during the second quarter. Glass Jacobson Investment Advisors llc now owns 440 shares of the Internet television network’s stock worth $297,000 after purchasing an additional 287 shares during the period. Intrepid Financial Planning Group LLC bought a new stake in shares of Netflix in the second quarter worth $218,000. Finally, MRP Capital Investments LLC acquired a new stake in Netflix in the second quarter valued at $769,000. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Richard N. Barton sold 5,698 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now owns 246 shares in the company, valued at $185,976. The trade was a 95.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,198 shares of company stock worth $127,616,898. 1.76% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NFLX shares. Benchmark lifted their target price on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a report on Friday, January 3rd. The Goldman Sachs Group lifted their price objective on Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Saturday, December 21st. Canaccord Genuity Group raised their price target on shares of Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Finally, Bank of America upped their price objective on shares of Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $845.06.

Netflix Trading Down 0.7 %

NFLX opened at $842.37 on Friday. Netflix, Inc. has a fifty-two week low of $475.26 and a fifty-two week high of $941.75. The firm has a market capitalization of $360.08 billion, a PE ratio of 47.67, a P/E/G ratio of 1.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company’s 50-day moving average is $882.41 and its 200 day moving average is $756.61.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, research analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

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.