Montag A & Associates Inc. Lowers Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Montag A & Associates Inc. lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,654 shares of the Internet television network’s stock after selling 1,247 shares during the period. Montag A & Associates Inc.’s holdings in Netflix were worth $3,240,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NFLX. Jennison Associates LLC raised its stake in Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after buying an additional 1,573,978 shares in the last quarter. Northern Trust Corp raised its stake in shares of Netflix by 2.1% during the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after acquiring an additional 96,938 shares in the last quarter. Fisher Asset Management LLC lifted its position in Netflix by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock valued at $2,006,483,000 after acquiring an additional 78,298 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Netflix by 5.3% in the third quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock valued at $1,051,123,000 after acquiring an additional 139,165 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Netflix by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,439,493 shares of the Internet television network’s stock worth $1,187,740,000 after purchasing an additional 45,865 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $725.00 target price on shares of Netflix in a research report on Friday, April 19th. Loop Capital lifted their price objective on shares of Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. CICC Research assumed coverage on Netflix in a research report on Thursday, May 2nd. They issued an “outperform” rating and a $650.00 target price on the stock. Barclays boosted their price target on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $713.00 target price (up previously from $638.00) on shares of Netflix in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus price target of $631.15.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $2.62 during midday trading on Thursday, hitting $612.09. The stock had a trading volume of 2,062,033 shares, compared to its average volume of 4,378,251. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 1 year low of $329.51 and a 1 year high of $639.00. The company has a market capitalization of $263.79 billion, a PE ratio of 42.48, a P/E/G ratio of 1.40 and a beta of 1.23. The stock has a 50 day simple moving average of $603.11 and a 200-day simple moving average of $532.16.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.88 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the transaction, the chief executive officer now directly owns 1,278 shares in the company, valued at approximately $717,379.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,181,250. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the transaction, the chief executive officer now directly owns 1,278 shares in the company, valued at $717,379.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,432 shares of company stock worth $84,762,938. Insiders own 1.76% of the company’s stock.

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.