Netflix, Inc. (NASDAQ:NFLX) Stock Position Lessened by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 250 shares of the Internet television network’s stock after selling 35 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Netflix were worth $122,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Capital Investment Advisors LLC boosted its stake in Netflix by 5.2% during the third quarter. Capital Investment Advisors LLC now owns 1,284 shares of the Internet television network’s stock valued at $485,000 after buying an additional 63 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in Netflix by 21.2% during the third quarter. DAVENPORT & Co LLC now owns 7,129 shares of the Internet television network’s stock valued at $2,692,000 after buying an additional 1,247 shares in the last quarter. Strategic Blueprint LLC boosted its stake in Netflix by 5.6% during the third quarter. Strategic Blueprint LLC now owns 2,981 shares of the Internet television network’s stock valued at $1,126,000 after buying an additional 157 shares in the last quarter. Washington Trust Advisors Inc. boosted its stake in Netflix by 10.5% during the third quarter. Washington Trust Advisors Inc. now owns 369 shares of the Internet television network’s stock valued at $140,000 after buying an additional 35 shares in the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in Netflix by 4.6% during the third quarter. Koshinski Asset Management Inc. now owns 2,139 shares of the Internet television network’s stock valued at $808,000 after buying an additional 95 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX traded down $3.57 during trading on Friday, hitting $561.23. The company’s stock had a trading volume of 4,332,593 shares, compared to its average volume of 4,190,527. 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 firm has a 50 day moving average price of $604.54 and a 200 day moving average price of $519.46. The firm has a market cap of $241.83 billion, a P/E ratio of 38.95, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22. Netflix, Inc. has a 52 week low of $315.62 and a 52 week high of $639.00.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NFLX. JPMorgan Chase & Co. upped their target price on Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Citigroup upped their target price on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a report on Monday, March 25th. Seaport Res Ptn downgraded Netflix from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Finally, Bank of America upped their target price on Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $630.58.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 20,734 shares of Netflix stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $567.16, for a total value of $11,759,495.44. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 20,734 shares of Netflix stock in a transaction that occurred on 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. Insiders have sold a total of 154,573 shares of company stock valued at $89,548,241 in the last three months. Company insiders own 2.45% 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.