United Advisor Group LLC Sells 170 Shares of Netflix, Inc. (NASDAQ:NFLX)

United Advisor Group LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 18.1% in the first quarter, HoldingsChannel reports. The firm owned 769 shares of the Internet television network’s stock after selling 170 shares during the period. United Advisor Group LLC’s holdings in Netflix were worth $717,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its position in shares of Netflix by 8.7% in the 4th 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 buying an additional 110,432 shares in the last quarter. PharVision Advisers LLC acquired a new position in Netflix in the fourth quarter valued at about $873,000. New England Research & Management Inc. increased its holdings in shares of Netflix by 148.5% in the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network’s stock worth $1,979,000 after acquiring an additional 1,268 shares in the last quarter. First National Trust Co raised its position in shares of Netflix by 1.0% during the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock worth $1,121,000 after purchasing an additional 12 shares during the period. Finally, Haven Private LLC bought a new position in shares of Netflix during the 4th quarter valued at about $733,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $1,222.29 on Thursday. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.81. The company has a market capitalization of $520.17 billion, a price-to-earnings ratio of 57.76, a PEG ratio of 2.36 and a beta of 1.59. The company has a 50-day simple moving average of $1,138.51 and a 200 day simple moving average of $1,006.33. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same quarter in the previous year, the company posted $8.28 earnings per share. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Transactions at Netflix

In related news, Director Jay C. Hoag sold 31,750 shares of the business’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the transaction, the director now owns 63,040 shares of the company’s stock, valued at $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Reed Hastings sold 26,977 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the sale, the director now owns 394 shares in the company, valued at $446,421.70. The trade was a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,140 shares of company stock valued at $210,271,552. 1.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NFLX has been the subject of several research analyst reports. Oppenheimer boosted their price objective on Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a research report on Thursday, June 12th. Moffett Nathanson reiterated a “buy” rating and issued a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Wolfe Research set a $1,340.00 price objective on shares of Netflix and gave the stock an “outperform” rating in a report on Friday, May 16th. Bank of America boosted their price objective on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Finally, Wells Fargo & Company increased their target price on Netflix from $1,210.00 to $1,222.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,156.73.

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.