Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 22.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 82,484 shares of the Internet television network’s stock after selling 24,053 shares during the period. 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 large investors have also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC acquired a new position in Netflix in the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix in the 3rd quarter valued at approximately $37,000. FSA Wealth Management LLC acquired a new stake in shares of Netflix during the third quarter worth approximately $38,000. Finally, First Personal Financial Services acquired a new stake in Netflix in the third quarter valued at $40,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Up 1.3 %

NFLX stock opened at $869.68 on Wednesday. The company’s 50 day simple moving average is $885.64 and its 200-day simple moving average is $760.81. Netflix, Inc. has a 52-week low of $479.90 and a 52-week 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 firm has a market capitalization of $371.75 billion, a P/E ratio of 49.22, a P/E/G ratio of 1.40 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. During the same quarter in the prior year, the company earned $2.11 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, equities research analysts anticipate that Netflix, Inc. will post 19.76 EPS for the current year.

Insider Buying and Selling

In other news, Director Richard N. Barton sold 5,698 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the transaction, the director now directly owns 246 shares in the company, valued at $185,976. The trade was a 95.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,198 shares of company stock valued at $127,616,898. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the subject of several research analyst reports. Sanford C. Bernstein boosted their target price on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $680.00 target price on shares of Netflix in a report on Thursday, January 16th. Pivotal Research lifted their price target on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. TD Cowen upped their price objective on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Piper Sandler raised their price target on shares of Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.