Montag A & Associates Inc. Has $3.24 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Montag A & Associates Inc. reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 15.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NFLX. Authentikos Wealth Advisory LLC bought a new stake in Netflix during the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management acquired a new position in Netflix during the 3rd quarter worth about $26,000. Blue Bell Private Wealth Management LLC grew its position in shares of Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network's stock valued at $36,000 after buying an additional 35 shares during the last quarter. Carmel Capital Partners LLC raised its position in shares of Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network's stock worth $30,000 after acquiring an additional 58 shares during the last quarter. Finally, Pacifica Partners Inc. acquired a new position in shares of Netflix in the fourth quarter worth approximately $41,000. Institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In other news, CEO Theodore A. Sarandos sold 68,957 shares of the company's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the transaction, the chief executive officer now directly owns 1,278 shares of the company's stock, valued at $717,379.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $625.00, for a total value of $3,345,000.00. Following the completion of 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos sold 68,957 shares of the company's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, 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. Insiders sold 146,432 shares of company stock worth $84,762,938 in the last three months. 1.76% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NFLX. Robert W. Baird boosted their price objective on Netflix from $500.00 to $600.00 and gave the company an "outperform" rating in a research note on Wednesday, January 24th. Piper Sandler upped their price target on Netflix from $550.00 to $600.00 and gave the stock a "neutral" rating in a research note on Friday, April 12th. Evercore ISI boosted their price target on shares of Netflix from $640.00 to $650.00 and gave the company an "outperform" rating in a research note on Friday, April 19th. CICC Research began coverage on shares of Netflix in a report on Thursday, May 2nd. They issued an "outperform" rating and a $650.00 target price on the stock. Finally, The Goldman Sachs Group raised their target price on Netflix from $500.00 to $565.00 and gave the company a "neutral" rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have assigned 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 an average target price of $631.15.

Netflix Price Performance

Shares of NFLX stock traded up $2.62 during trading hours on Thursday, hitting $612.09. 2,062,033 shares of the company's stock were exchanged, compared to its average volume of 4,378,251. The company has a market capitalization of $263.79 billion, a PE ratio of 42.48, a PEG ratio of 1.40 and a beta of 1.23. The business's 50 day simple moving average is $603.11 and its 200-day simple moving average is $532.16. Netflix, Inc. has a 12-month low of $329.51 and a 12-month high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the previous year, the business earned $2.88 earnings per share. The company's quarterly revenue was up 14.8% on a year-over-year basis. On average, equities research analysts anticipate that Netflix, Inc. will post 18.3 earnings per share for the current year.

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.

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