14,751 Netflix, Inc. $NFLX Shares Sold by Congress Asset Management Co.

Key Points

• Congress Asset Management reduced its Netflix stake by 7.2%, selling 14,751 shares and retaining 189,186 shares valued at approximately $13.2 million. Institutional investors and hedge funds collectively own 80.93% of Netflix.
• Analysts maintain a generally positive outlook, with Netflix receiving a consensus “Moderate Buy” rating and an average price target of $95.18, despite several firms lowering or adjusting their targets.
• Netflix insiders sold shares recently, including CEO Gregory Peters and CFO Spencer Neumann, while the stock traded near $68.69—close to its one-year low—and the company reported quarterly EPS slightly above expectations.

Congress Asset Management Co. lowered its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,186 shares of the Internet television network's stock after selling 14,751 shares during the period. Congress Asset Management Co.'s holdings in Netflix were worth $13,164,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nykredit A S acquired a new stake in Netflix during the 2nd quarter worth about $105,697,000. Rockland Trust Co. increased its holdings in shares of Netflix by 27.5% in the 3rd quarter. Rockland Trust Co. now owns 219,221 shares of the Internet television network's stock valued at $15,253,000 after purchasing an additional 47,339 shares during the period. University of Texas Texas AM Investment Management Co. lifted its position in shares of Netflix by 798.5% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 42,542 shares of the Internet television network's stock worth $3,989,000 after purchasing an additional 37,807 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of Netflix by 25.0% in the first quarter. Ritholtz Wealth Management now owns 106,451 shares of the Internet television network's stock worth $10,235,000 after purchasing an additional 21,260 shares in the last quarter. Finally, Wittenberg Investment Management Inc. boosted its holdings in shares of Netflix by 889.8% during the fourth quarter. Wittenberg Investment Management Inc. now owns 14,530 shares of the Internet television network's stock worth $1,362,000 after purchasing an additional 13,062 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wolfe Research reaffirmed an "outperform" rating and set a $95.00 price objective (up from $84.00) on shares of Netflix in a research report on Tuesday, August 25th. Rothschild & Co Redburn cut their target price on shares of Netflix from $120.00 to $93.00 and set a "buy" rating for the company in a research report on Tuesday, July 21st. Morgan Stanley reissued an "overweight" rating and set a $90.00 target price (down from $115.00) on shares of Netflix in a research note on Tuesday, July 14th. Robert W. Baird set a $90.00 price target on shares of Netflix and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Finally, New Street Research upped their price target on shares of Netflix from $96.00 to $102.00 and gave the stock a "neutral" rating in a research note on Friday, July 17th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $95.18.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the transaction, the chief executive officer owned 120,931 shares in the company, valued at $8,893,265.74. This trade represents a 18.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Spencer Neumann sold 9,248 shares of Netflix stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $5,592,316.73. This represents a 11.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 179,045 shares of company stock worth $13,132,194 in the last three months. 1.24% of the stock is owned by insiders.

Netflix Trading Up 1.8%

Netflix stock opened at $68.69 on Wednesday. Netflix, Inc. has a one year low of $65.08 and a one year high of $124.86. The company's fifty day moving average price is $75.60 and its two-hundred day moving average price is $81.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $286.02 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 0.95 and a beta of 1.62.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.01. The company had revenue of $12.56 billion during the quarter, compared to analysts' expectations of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business's quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share. On average, analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Analyst support points to substantial upside. TD Cowen reiterated a Buy rating and a $100 price target, citing long-term earnings growth and expanding margins. BMO also sees significant appreciation potential, although forecasts across Wall Street remain divided. TD Cowen Netflix price target article
• Positive Sentiment: Disney’s licensing agreement reinforces Netflix’s distribution advantage. Disney is licensing titles including “Percy Jackson” and “Ice Age” to Netflix, providing the streaming leader with additional recognizable content and potentially improving the value of its roughly 325 million global subscriber base. The deal also suggests that traditional media companies increasingly need Netflix’s reach to monetize content efficiently. Disney Netflix content licensing article
• Neutral Sentiment: Cash generation remains strong, but investors are examining its quality. Netflix generated approximately $11.15 billion in trailing free cash flow versus $13.65 billion in net income. That gap is not necessarily unusual for the business, but continued scrutiny could affect how investors value reported earnings and future growth. Netflix free cash flow analysis
• Negative Sentiment: Rising live-sports rights costs threaten margin expansion. Sports programming can require substantial upfront spending while generating limited viewing hours, potentially causing costs to rise faster than content amortization and pressuring Netflix’s expected margin gains. Netflix live sports costs article
• Negative Sentiment: Valuation leaves limited room for execution disappointments. Analysts note that Netflix may already be priced for continued margin improvement, while engagement concerns and a bearish view that the stock could fall further create downside risk ahead of third-quarter earnings later this month. Netflix margin valuation analysis

Netflix Company Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.

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