Netflix (NASDAQ:NFLX) Shares Down 1.7%

Netflix, Inc. (NASDAQ:NFLX) shares were down 1.7% during trading on Monday . The stock traded as low as $672.26 and last traded at $674.39. Approximately 948,365 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 4,003,359 shares. The stock had previously closed at $686.12.

Analyst Ratings Changes

Several analysts recently commented on NFLX shares. Macquarie lifted their price objective on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Jefferies Financial Group reissued a “buy” rating and set a $655.00 price target on shares of Netflix in a report on Wednesday, May 15th. Wells Fargo & Company boosted their price target on Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Pivotal Research boosted their price target on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, Morgan Stanley boosted their price target on Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $633.53.

Netflix Stock Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a fifty day moving average price of $623.78 and a two-hundred day moving average price of $580.61. The stock has a market capitalization of $292.09 billion, a PE ratio of 47.02, a P/E/G ratio of 1.45 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last issued its quarterly 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. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the prior year, the business posted $2.88 earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Research analysts expect that Netflix, Inc. will post 18.31 EPS for the current year.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $593.81, for a total value of $758,889.18. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,772,972.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction on Monday, April 1st. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $593.81, for a total value of $758,889.18. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $7,772,972.90. The disclosure for this sale can be found here. Insiders have sold a total of 69,425 shares of company stock valued at $41,919,791 over the last quarter. 1.76% of the stock is owned by corporate insiders.

Institutional Trading of Netflix

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Spartan Planning & Wealth Management purchased a new stake in shares of Netflix during the 3rd quarter valued at $26,000. Valued Wealth Advisors LLC raised its stake in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares during the last quarter. VitalStone Financial LLC raised its stake in Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC raised its stake in shares of Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after buying an additional 62 shares during the last quarter. Finally, Scarborough Advisors LLC purchased a new position in shares of Netflix during the 4th quarter valued at about $32,000. 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.