Netflix (NASDAQ:NFLX) Trading Down 1.3% – Should You Sell?

Netflix, Inc. (NASDAQ:NFLX) was down 1.3% during trading on Thursday . The company traded as low as $685.57 and last traded at $692.73. Approximately 1,688,707 shares traded hands during trading, a decline of 53% from the average daily volume of 3,626,474 shares. The stock had previously closed at $702.00.

Wall Street Analyst Weigh In

NFLX has been the subject of several recent research reports. Barclays restated an “underweight” rating and issued a $550.00 price target on shares of Netflix in a report on Friday. Pivotal Research upped their target price on Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer boosted their price target on Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday. Canaccord Genuity Group raised their price objective on Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research report on Friday. Finally, KeyCorp boosted their target price on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a report on Friday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $739.38.

Netflix Trading Up 11.1 %

The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm has a market cap of $329.24 billion, a price-to-earnings ratio of 53.01, a PEG ratio of 1.49 and a beta of 1.26. The company has a fifty day moving average price of $696.38 and a 200-day moving average price of $654.66.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same period last year, the business earned $3.29 earnings per share. Netflix’s quarterly revenue was up 16.8% on a year-over-year basis. As a group, research analysts expect that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Activity

In related news, Director Leslie J. Kilgore sold 383 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the sale, the director now owns 35,262 shares in the company, valued at approximately $25,741,260. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Leslie J. Kilgore sold 402 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total transaction of $291,450.00. Following the completion of the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at $25,564,950. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Leslie J. Kilgore sold 383 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total transaction of $279,590.00. Following the completion of the sale, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $25,741,260. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 225,167 shares of company stock valued at $150,492,460 in the last three months. 1.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of Netflix by 26.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 182,106 shares of the Internet television network’s stock valued at $129,163,000 after acquiring an additional 38,166 shares during the last quarter. Compass Ion Advisors LLC increased its position in shares of Netflix by 4.5% during the third quarter. Compass Ion Advisors LLC now owns 369 shares of the Internet television network’s stock worth $262,000 after purchasing an additional 16 shares in the last quarter. Vest Financial LLC raised its stake in Netflix by 154.1% in the 3rd quarter. Vest Financial LLC now owns 1,794 shares of the Internet television network’s stock valued at $1,272,000 after purchasing an additional 1,088 shares during the last quarter. West Branch Capital LLC lifted its holdings in Netflix by 30.3% in the 3rd quarter. West Branch Capital LLC now owns 1,389 shares of the Internet television network’s stock valued at $985,000 after purchasing an additional 323 shares in the last quarter. Finally, OLD National Bancorp IN boosted its stake in Netflix by 4.5% during the 3rd quarter. OLD National Bancorp IN now owns 3,547 shares of the Internet television network’s stock worth $2,516,000 after purchasing an additional 154 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

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.