Fort Washington Investment Advisors Inc. OH Decreases Holdings in Netflix, Inc. (NASDAQ:NFLX)

Fort Washington Investment Advisors Inc. OH cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 22.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,484 shares of the Internet television network’s stock after selling 24,053 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Netflix were worth $73,520,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Advisory Resource Group lifted its holdings in Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after buying an additional 12 shares during the last quarter. Insight Wealth Strategies LLC raised its position in shares of Netflix by 1.9% during the 4th quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after acquiring an additional 12 shares in the last quarter. Sunflower Bank N.A. lifted its stake in Netflix by 2.1% during the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock worth $513,000 after purchasing an additional 12 shares during the last quarter. New World Advisors LLC boosted its holdings in Netflix by 2.0% in the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after purchasing an additional 14 shares in the last quarter. Finally, Trust Co. of Vermont boosted its holdings in Netflix by 2.5% in the fourth quarter. Trust Co. of Vermont now owns 570 shares of the Internet television network’s stock valued at $508,000 after purchasing an additional 14 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Up 1.3 %

Shares of NFLX stock opened at $869.68 on Wednesday. Netflix, Inc. has a 1-year low of $479.90 and a 1-year high of $941.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The business’s fifty day moving average price is $885.64 and its 200 day moving average price is $760.81. The firm has a market capitalization of $371.75 billion, a PE ratio of 49.22, a P/E/G ratio of 1.40 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. During the same period in the prior year, the business posted $2.11 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Netflix, Inc. will post 19.76 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 1,278 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the sale, the chief executive officer now directly owns 2,556 shares in the company, valued at $1,960,579.80. The trade was a 33.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 152,198 shares of company stock valued at $127,616,898 in the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Macquarie boosted their price objective on shares of Netflix from $795.00 to $965.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Wells Fargo & Company lifted their price target on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. The Goldman Sachs Group upped their price objective on shares of Netflix from $750.00 to $850.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Canaccord Genuity Group raised their price objective on Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Finally, Barclays boosted their target price on Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $845.06.

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.