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

Fort Washington Investment Advisors Inc. OH decreased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.9% during the 1st quarter, according to its most recent disclosure with the Securities & 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Netflix by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after buying an additional 171,712 shares during the period. FMR LLC lifted its holdings in Netflix by 1.8% during the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after purchasing an additional 375,234 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Netflix by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after purchasing an additional 175,596 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares during the last quarter. Finally, Norges Bank acquired a new stake in Netflix during the 4th quarter worth approximately $5,019,087,000. Institutional investors own 80.93% of the company's stock.

Insiders Place Their Bets

In other Netflix news, Director Ann Mather sold 1,090 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the sale, the chairman now owns 394 shares in the company, valued at $362,933.10. This trade represents a 98.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,140 shares of company stock valued at $210,271,552 in the last 90 days. Corporate insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NFLX shares. Robert W. Baird lifted their price target on Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Canaccord Genuity Group lifted their price target on Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Needham & Company LLC reissued a "buy" rating and set a $1,126.00 price target on shares of Netflix in a report on Thursday, April 17th. Evercore ISI reissued an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Finally, Bank of America lifted their price target on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,156.73.

Netflix Price Performance

NFLX stock traded down $4.85 during midday trading on Thursday, reaching $1,215.03. 2,079,198 shares of the stock were exchanged, compared to its average volume of 3,762,526. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.81. The company has a fifty day moving average price of $1,106.59 and a 200 day moving average price of $994.50. 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 stock has a market capitalization of $517.08 billion, a PE ratio of 61.27, a P/E/G ratio of 2.12 and a beta of 1.59.

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