Netflix (NASDAQ:NFLX) Shares Down 0.5%

Shares of Netflix, Inc. (NASDAQ:NFLX) were down 0.5% during mid-day trading on Tuesday . The company traded as low as $642.12 and last traded at $643.95. Approximately 606,042 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 3,946,259 shares. The stock had previously closed at $647.50.

Wall Street Analyst Weigh In

NFLX has been the topic of several recent analyst reports. Canaccord Genuity Group downgraded shares of Netflix from a “buy” rating to a “hold” rating and cut their price objective for the company from $720.00 to $585.00 in a research report on Friday, April 19th. Guggenheim upped their price objective on Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. UBS Group raised their target price on Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Oppenheimer restated an “outperform” rating and set a $725.00 price objective on shares of Netflix in a research report on Friday, April 19th. Finally, Evercore ISI lifted their price objective on Netflix from $700.00 to $710.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $681.21.

Netflix Stock Down 0.3 %

The company has a quick ratio of 1.07, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $272.13 billion, a PE ratio of 44.08, a price-to-earnings-growth ratio of 1.32 and a beta of 1.27. The firm has a 50-day moving average of $657.38 and a two-hundred day moving average of $606.92.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. Netflix’s revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.29 EPS. Equities research analysts predict that Netflix, Inc. will post 19.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 4,783 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,835,750. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction dated 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 in the company, valued at approximately $7,772,972.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,783 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $675.00, for a total value of $3,228,525.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The disclosure for this sale can be found here. Insiders sold a total of 71,385 shares of company stock valued at $44,469,351 in the last three months. 1.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Netflix

A number of institutional investors have recently modified their holdings of NFLX. Obermeyer Wood Investment Counsel Lllp raised its holdings in Netflix by 2.8% during the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock worth $378,000 after purchasing an additional 17 shares in the last quarter. Private Portfolio Partners LLC lifted its holdings in shares of Netflix by 1.7% in the 1st quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock valued at $633,000 after buying an additional 17 shares during the period. KFA Private Wealth Group LLC raised its position in 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 acquiring an additional 18 shares in the last quarter. Legacy Capital Group California Inc. lifted its holdings in Netflix by 0.6% in the fourth quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock valued at $1,379,000 after acquiring an additional 18 shares during the period. Finally, Founders Financial Alliance LLC lifted its holdings in Netflix by 2.4% in the fourth 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 during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Company Profile

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.