Netflix (NASDAQ:NFLX) Stock Price Down 0.1%

Netflix, Inc. (NASDAQ:NFLX) was down 0.1% on Friday . The stock traded as low as $679.00 and last traded at $683.77. Approximately 561,102 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 3,969,043 shares. The stock had previously closed at $684.34.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NFLX shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $713.00 target price (up previously from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. Benchmark increased their price target on Netflix from $440.00 to $450.00 and gave the company a “sell” rating in a report on Friday, May 17th. Canaccord Genuity Group downgraded Netflix from a “buy” rating to a “hold” rating and reduced their price target for the company from $720.00 to $585.00 in a report on Friday, April 19th. Wedbush reissued an “outperform” rating and issued a $725.00 price target on shares of Netflix in a report on Monday, May 20th. Finally, Barclays increased their price target on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $633.53.

Netflix Trading Down 1.2 %

The firm has a market capitalization of $291.27 billion, a P/E ratio of 47.45, a price-to-earnings-growth ratio of 1.46 and a beta of 1.26. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a 50 day moving average price of $625.06 and a two-hundred day moving average price of $581.29.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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 business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company posted $2.88 EPS. On average, equities research analysts expect that Netflix, Inc. will post 18.31 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 20,566 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares of the company’s stock, valued at $17,091.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider David A. Hyman sold 268 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total value of $159,090.16. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $18,764,328.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value 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. Insiders sold a total of 69,425 shares of company stock valued at $41,919,791 in the last three months. 1.76% of the stock is currently owned by corporate insiders.

Institutional Trading of Netflix

Several hedge funds and other institutional investors have recently modified their holdings of the company. Chelsea Counsel Co. purchased a new stake in shares of Netflix during the first quarter worth $61,000. American Trust purchased a new stake in shares of Netflix during the first quarter worth $288,000. OMC Financial Services LTD purchased a new stake in shares of Netflix during the first quarter worth $1,065,000. EverSource Wealth Advisors LLC raised its holdings in shares of Netflix by 8.8% during the first quarter. EverSource Wealth Advisors LLC now owns 4,277 shares of the Internet television network’s stock worth $2,598,000 after acquiring an additional 345 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its holdings in shares of Netflix by 24.8% during the first quarter. Westwood Holdings Group Inc. now owns 3,570 shares of the Internet television network’s stock worth $2,168,000 after acquiring an additional 710 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.