Andrew Hill Investment Advisors Inc. Sells 2,049 Shares of Netflix, Inc. (NASDAQ:NFLX)

Andrew Hill Investment Advisors Inc. lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 33.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,098 shares of the Internet television network's stock after selling 2,049 shares during the period. Netflix makes up about 3.7% of Andrew Hill Investment Advisors Inc.'s portfolio, making the stock its 12th largest holding. Andrew Hill Investment Advisors Inc.'s holdings in Netflix were worth $3,822,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Financial Strategies LLC lifted its holdings in shares of Netflix by 6.9% during the 1st quarter. Legacy Financial Strategies LLC now owns 248 shares of the Internet television network's stock worth $231,000 after acquiring an additional 16 shares during the period. Spartan Planning & Wealth Management lifted its holdings in shares of Netflix by 14.1% during the 1st quarter. Spartan Planning & Wealth Management now owns 826 shares of the Internet television network's stock worth $770,000 after acquiring an additional 102 shares during the period. Private Client Services LLC lifted its holdings in shares of Netflix by 6.8% during the 1st quarter. Private Client Services LLC now owns 281 shares of the Internet television network's stock worth $262,000 after acquiring an additional 18 shares during the period. Welch Group LLC lifted its holdings in shares of Netflix by 20.9% during the 1st quarter. Welch Group LLC now owns 897 shares of the Internet television network's stock worth $838,000 after acquiring an additional 155 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Netflix by 11.2% during the 1st quarter. Parallel Advisors LLC now owns 28,575 shares of the Internet television network's stock worth $26,648,000 after acquiring an additional 2,882 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 2,601 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total value of $2,554,312.05. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,624,746.55. This trade represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 640 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $1,194.77, for a total transaction of $764,652.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,348 shares of company stock worth $139,087,908. 1.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on NFLX. Evercore ISI reissued an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Oppenheimer reissued an "outperform" rating and issued a $1,200.00 price objective (up previously from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. UBS Group dropped their price objective on shares of Netflix from $1,150.00 to $1,140.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Wolfe Research set a $1,340.00 price objective on shares of Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $1,220.00 price objective (up previously from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,122.33.

Netflix Trading Up 1.5%

Shares of NFLX traded up $17.26 during trading hours on Friday, hitting $1,202.12. 4,686,095 shares of the stock were exchanged, compared to its average volume of 3,757,419. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,215.91. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50-day moving average of $1,059.27 and a 200-day moving average of $975.30. The firm has a market capitalization of $511.59 billion, a P/E ratio of 60.62, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the prior year, the company posted $8.28 earnings per share. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix 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.