Netflix (NASDAQ:NFLX) Stock Price Down 0.3% – What’s Next?

Shares of Netflix, Inc. (NASDAQ:NFLX) fell 0.3% during trading on Thursday . The stock traded as low as $971.25 and last traded at $987.25. 1,179,308 shares changed hands during trading, a decline of 64% from the average session volume of 3,290,523 shares. The stock had previously closed at $990.06.

Analysts Set New Price Targets

NFLX has been the subject of several recent analyst reports. Bank of America lifted their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Argus upped their price objective on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Macquarie increased their target price on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Finally, Phillip Securities cut Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Price Performance

The stock’s 50-day simple moving average is $945.07 and its two-hundred day simple moving average is $827.46. The company has a market capitalization of $411.96 billion, a price-to-earnings ratio of 48.57, a PEG ratio of 2.12 and a beta of 1.27. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the company posted $2.11 EPS. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 41,121 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $30,946,506.10. This represents a 56.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 303,220 shares of company stock worth $289,856,164. Insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Large investors have recently bought and sold shares of the business. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix during the 4th quarter worth approximately $27,000. Pathway Financial Advisers LLC raised its stake in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in Netflix during the 3rd quarter worth $25,000. Transce3nd LLC purchased a new stake in Netflix in the fourth quarter valued at $32,000. Finally, Newton One Investments LLC acquired a new position in Netflix in the fourth quarter valued at $34,000. Hedge funds and other institutional investors 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.