Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Andrew Hill Investment Advisors Inc.

Andrew Hill Investment Advisors Inc. lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 33.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,098 shares of the Internet television network’s stock after selling 2,049 shares during the quarter. Netflix accounts for 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of NFLX. Legacy Financial Strategies LLC increased its stake in shares of Netflix by 6.9% in the 1st quarter. Legacy Financial Strategies LLC now owns 248 shares of the Internet television network’s stock valued at $231,000 after purchasing an additional 16 shares in the last quarter. Spartan Planning & Wealth Management increased its stake in shares of Netflix by 14.1% in the 1st quarter. Spartan Planning & Wealth Management now owns 826 shares of the Internet television network’s stock valued at $770,000 after purchasing an additional 102 shares in the last quarter. Private Client Services LLC increased its stake in shares of Netflix by 6.8% in the 1st quarter. Private Client Services LLC now owns 281 shares of the Internet television network’s stock valued at $262,000 after purchasing an additional 18 shares in the last quarter. Welch Group LLC increased its stake in shares of Netflix by 20.9% in the 1st quarter. Welch Group LLC now owns 897 shares of the Internet television network’s stock valued at $838,000 after purchasing an additional 155 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Netflix by 11.2% in the 1st quarter. Parallel Advisors LLC now owns 28,575 shares of the Internet television network’s stock valued at $26,648,000 after purchasing an additional 2,882 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 640 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $1,194.77, for a total value of $764,652.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Cletus R. Willems sold 298 shares of the firm’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total value of $339,124.00. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $35,972,180. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,348 shares of company stock worth $139,087,908. Insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NFLX. Barclays lifted their price target on Netflix from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Monday, April 21st. Canaccord Genuity Group lifted their price target on Netflix from $1,200.00 to $1,380.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Pivotal Research lifted their price target on Netflix from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research note on Monday, April 21st. FBN Securities began coverage on Netflix in a research note on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 price objective for the company. Finally, Oppenheimer reiterated an “outperform” rating and set a $1,200.00 price objective (up from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,122.33.

Netflix Price Performance

NFLX stock opened at $1,202.12 on Friday. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,215.91. The firm has a market capitalization of $511.59 billion, a PE ratio of 60.62, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The business has a 50 day simple moving average of $1,059.27 and a 200-day simple moving average of $974.30. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating 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 firm had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same period in the prior year, the firm posted $8.28 earnings per share. Equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.