AGH Wealth Advisors LLC Trims Position in Netflix, Inc. (NASDAQ:NFLX)

AGH Wealth Advisors LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.3% during the first quarter, Holdings Channel reports. The institutional investor owned 1,188 shares of the Internet television network’s stock after selling 136 shares during the period. Netflix makes up approximately 1.1% of AGH Wealth Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. AGH Wealth Advisors LLC’s holdings in Netflix were worth $1,108,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NFLX. Janus Henderson Group PLC raised its holdings in Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock valued at $1,227,468,000 after acquiring an additional 110,432 shares during the period. PharVision Advisers LLC purchased a new stake in shares of Netflix during the fourth quarter worth about $873,000. First National Trust Co raised its stake in Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after purchasing an additional 12 shares during the period. Haven Private LLC bought a new stake in Netflix during the 4th quarter valued at approximately $733,000. Finally, Sigma Planning Corp lifted its holdings in Netflix by 7.4% in the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock worth $4,966,000 after purchasing an additional 386 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 0.9%

Shares of NASDAQ NFLX opened at $1,250.52 on Friday. The firm has a 50-day simple moving average of $1,081.54 and a two-hundred day simple moving average of $985.25. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,262.81. 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 company has a market cap of $532.19 billion, a P/E ratio of 63.06, a PEG ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates 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 previous year, the firm earned $8.28 earnings per share. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. Guggenheim reaffirmed a “buy” rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. KeyCorp raised their target price on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. FBN Securities assumed coverage on shares of Netflix in a report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price target on the stock. Rosenblatt Securities boosted their price target on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Finally, Wells Fargo & Company raised their price objective on Netflix from $1,210.00 to $1,222.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,149.91.

Insider Buying and Selling at Netflix

In other Netflix news, Director Jay C. Hoag sold 32,515 shares of the company’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the sale, the director now directly owns 79,040 shares in the company, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The disclosure for this sale can be found here. Insiders sold a total of 152,300 shares of company stock valued at $169,146,939 in the last three months. Company insiders own 1.37% of the company’s stock.

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.