Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. cut its position in Netflix, Inc. (NASDAQ:NFLX) by 4.6% in the fourth quarter, Holdings Channel reports. The firm owned 619 shares of the Internet television network’s stock after selling 30 shares during the period. Bahl & Gaynor Inc.’s holdings in Netflix were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Authentikos Wealth Advisory LLC purchased a new position in Netflix in the 3rd quarter valued at approximately $25,000. Spartan Planning & Wealth Management purchased a new position in Netflix in the 3rd quarter valued at approximately $26,000. Carmel Capital Partners LLC increased its stake in Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 58 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its stake in 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 purchasing an additional 35 shares in the last quarter. Finally, Pacifica Partners Inc. purchased a new position in Netflix in the 4th quarter valued at approximately $41,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Down 0.6 %

Shares of Netflix stock opened at $561.23 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $604.54 and a 200 day moving average price of $520.48. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00. The firm has a market cap of $241.83 billion, a P/E ratio of 38.95, a P/E/G ratio of 1.37 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the company earned $2.88 earnings per share. On average, sell-side analysts forecast that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman Reed Hastings sold 20,734 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $567.16, for a total transaction of $11,759,495.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Gregory K. Peters sold 5,352 shares of Netflix stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,181,250. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 20,734 shares of Netflix stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $567.16, for a total value of $11,759,495.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 154,573 shares of company stock valued at $89,548,241. Company insiders own 2.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NFLX shares. Wells Fargo & Company raised their price target on Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Deutsche Bank Aktiengesellschaft raised their price target on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. Redburn Atlantic raised their price target on Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Jefferies Financial Group raised their price target on Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, March 12th. Finally, Sanford C. Bernstein raised their price target on Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $630.58.

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.