Montag A & Associates Inc. Sells 1,864 Shares of Netflix, Inc. (NASDAQ:NFLX)

Montag A & Associates Inc. trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 21.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,735 shares of the Internet television network’s stock after selling 1,864 shares during the period. Montag A & Associates Inc.’s holdings in Netflix were worth $6,003,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NFLX. International Assets Investment Management LLC increased its stake in Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after purchasing an additional 5,748,200 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Netflix by 154.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after buying an additional 642,920 shares during the period. State Street Corp lifted its stake in Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after acquiring an additional 426,740 shares during the period. Strategic Financial Concepts LLC boosted its holdings in Netflix by 112,896.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network’s stock valued at $340,420,000 after acquiring an additional 381,590 shares in the last quarter. Finally, Jennison Associates LLC increased its position in Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after purchasing an additional 316,594 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 685 shares of Netflix stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,009.57, for a total value of $691,555.45. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at $3,726,322.87. This trade represents a 15.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gregory K. Peters sold 102,228 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the sale, the chief executive officer now owns 12,950 shares in the company, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 303,809 shares of company stock valued at $290,374,484 in the last quarter. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,058.60 on Friday. The firm has a market cap of $452.83 billion, a price-to-earnings ratio of 53.38, a P/E/G ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week 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. The firm has a fifty day moving average price of $929.40 and a 200 day moving average price of $804.02.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.11 earnings per share. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Loop Capital increased their target price on Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Robert W. Baird lifted their price objective on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Needham & Company LLC increased their price objective on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and boosted their price objective for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

About Netflix

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.