Netflix (NASDAQ:NFLX) Trading Down 3.4%

Netflix, Inc. (NASDAQ:NFLX)’s stock price traded down 3.4% during trading on Wednesday . The company traded as low as $557.20 and last traded at $558.28. 1,785,890 shares were traded during mid-day trading, a decline of 60% from the average session volume of 4,480,895 shares. The stock had previously closed at $577.75.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Oppenheimer reissued an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research note on Friday, April 19th. TD Cowen lifted their price objective on shares of Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Needham & Company LLC upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $700.00 target price for the company in a report on Friday, April 19th. Citigroup raised their target price on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a report on Monday, March 25th. Finally, StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $630.58.

Netflix Stock Performance

The stock has a market cap of $243.37 billion, a PE ratio of 39.20, a P/E/G ratio of 1.36 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average price is $604.99 and its 200-day moving average price is $518.24.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share 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 net margin of 18.42% and a return on equity of 29.62%. Netflix’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.88 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the sale, the chairman now owns 28 shares of the company’s stock, valued at approximately $17,091.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total transaction of $723,795.30. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $7,413,521.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the sale, the chairman now owns 28 shares of the company’s stock, valued at $17,091.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,573 shares of company stock valued at $89,548,241. Insiders own 2.45% of the company’s stock.

Institutional Trading of Netflix

Several institutional investors and hedge funds have recently bought and sold shares of the business. KFA Private Wealth Group LLC lifted its stake in Netflix by 1.9% during the 4th quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after acquiring an additional 18 shares during the period. Legacy Capital Group California Inc. boosted its holdings in Netflix by 0.6% during the fourth quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock worth $1,379,000 after buying an additional 18 shares in the last quarter. Founders Financial Alliance LLC boosted its holdings in Netflix by 2.4% during the fourth quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock worth $369,000 after buying an additional 18 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Netflix by 4.6% during the first quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock worth $250,000 after buying an additional 18 shares in the last quarter. Finally, Addison Advisors LLC boosted its holdings in Netflix by 7.8% during the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock worth $134,000 after buying an additional 20 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.