Netflix (NASDAQ:NFLX) Shares Down 0.1%

Netflix, Inc. (NASDAQ:NFLX) shares traded down 0.1% during mid-day trading on Tuesday . The company traded as low as $651.25 and last traded at $656.00. 740,363 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 3,876,277 shares. The stock had previously closed at $656.45.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NFLX. TD Cowen upped their target price on shares of Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Oppenheimer reissued an “outperform” rating and set a $725.00 price target on shares of Netflix in a report on Friday, April 19th. Wedbush reaffirmed an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research note on Monday, May 20th. Bank of America boosted their price objective on Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research note on Monday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $713.00 price target (up previously from $638.00) on shares of Netflix in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average price target of $652.14.

Netflix Stock Down 0.0 %

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The company has a 50-day simple moving average of $652.89 and a 200 day simple moving average of $599.61. The company has a market cap of $282.87 billion, a P/E ratio of 45.30, a P/E/G ratio of 1.40 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter last year, the firm posted $2.88 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. On average, equities analysts anticipate that Netflix, Inc. will post 18.31 EPS for the current year.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 564 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $613.08, for a total value of $345,777.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider David A. Hyman sold 268 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following 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 filing with the SEC, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 564 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $613.08, for a total transaction of $345,777.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,385 shares of company stock valued at $44,469,351. Corporate insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Obermeyer Wood Investment Counsel Lllp boosted its holdings in shares of Netflix by 2.8% in the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock valued at $378,000 after acquiring an additional 17 shares during the last quarter. Private Portfolio Partners LLC grew its holdings in shares of Netflix by 1.7% during the first quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after buying an additional 17 shares in the last quarter. KFA Private Wealth Group LLC lifted its stake in shares of Netflix by 1.9% in the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock worth $466,000 after buying an additional 18 shares in the last quarter. Legacy Capital Group California Inc. boosted its position 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 acquiring an additional 18 shares during the last quarter. Finally, Founders Financial Alliance LLC grew its stake in Netflix by 2.4% during the 4th quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock valued at $369,000 after acquiring an additional 18 shares in the last quarter. 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.