Fort Washington Investment Advisors Inc. OH Sells 9,847 Shares of Netflix, Inc. (NASDAQ:NFLX)

Fort Washington Investment Advisors Inc. OH lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,637 shares of the Internet television network’s stock after selling 9,847 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Netflix were worth $67,736,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC increased its position in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares during the period. Brown Shipley& Co Ltd acquired a new position in shares of Netflix during the 4th quarter worth approximately $27,000. Transce3nd LLC bought a new position in shares of Netflix during the fourth quarter worth approximately $32,000. Copia Wealth Management acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $37,000. Finally, Stuart Chaussee & Associates Inc. raised its position in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after buying an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now owns 394 shares of the company’s stock, valued at $362,933.10. This represents a 98.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jay C. Hoag sold 31,750 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the sale, the director now owns 63,040 shares of the company’s stock, valued at approximately $78,948,144. This represents a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,140 shares of company stock valued at $210,271,552 over the last 90 days. Company insiders own 1.37% of the company’s stock.

Netflix Trading Up 1.4%

NFLX opened at $1,219.88 on Thursday. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81. The company has a fifty day moving average of $1,106.59 and a 200-day moving average of $994.50. The stock has a market cap of $519.15 billion, a PE ratio of 61.52, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter in the prior year, the firm posted $8.28 earnings per share. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Guggenheim restated a “buy” rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Wolfe Research set a $1,340.00 price target on Netflix and gave the stock an “outperform” rating in a research report on Friday, May 16th. KeyCorp upped their price objective on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $1,126.00 price target on shares of Netflix in a report on Thursday, April 17th. Finally, Robert W. Baird lifted their price objective on shares of Netflix from $1,200.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,149.91.

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.