Netflix (NASDAQ:NFLX) Shares Down 0.2%

Netflix, Inc. (NASDAQ:NFLX)’s stock price fell 0.2% during mid-day trading on Monday . The stock traded as low as $681.64 and last traded at $685.36. 417,539 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 3,848,559 shares. The stock had previously closed at $686.73.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of recent research reports. CICC Research started coverage on Netflix in a research note on Thursday, May 2nd. They issued an “outperform” rating and a $650.00 target price for the company. Bank of America increased their price target on shares of Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Redburn Atlantic lifted their price target on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Loop Capital raised their target price on Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Finally, Morgan Stanley lifted their target price on Netflix from $700.00 to $780.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $681.21.

Netflix Price Performance

The stock has a fifty day moving average of $658.35 and a two-hundred day moving average of $626.59. The stock has a market cap of $296.72 billion, a price-to-earnings ratio of 47.56, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.29 EPS. On average, equities research analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 13,791 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $9,653,700.00. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $22,127,000. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider David A. Hyman sold 13,791 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $9,653,700.00. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $22,127,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction dated 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. Over the last 90 days, insiders have sold 152,700 shares of company stock valued at $98,283,982. Insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Several institutional investors and hedge funds have recently modified their holdings of the company. Kovack Advisors Inc. lifted its position in Netflix by 8.7% during the fourth quarter. Kovack Advisors Inc. now owns 1,660 shares of the Internet television network’s stock worth $808,000 after buying an additional 133 shares during the period. Citizens Financial Group Inc. RI increased its holdings in shares of Netflix by 18.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 2,274 shares of the Internet television network’s stock worth $1,107,000 after buying an additional 360 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Netflix by 6.5% in the 4th quarter. Russell Investments Group Ltd. now owns 219,698 shares of the Internet television network’s stock worth $107,040,000 after buying an additional 13,373 shares during the period. Precision Wealth Strategies LLC boosted its holdings in Netflix by 3.5% in the fourth quarter. Precision Wealth Strategies LLC now owns 2,444 shares of the Internet television network’s stock valued at $1,190,000 after acquiring an additional 83 shares during the last quarter. Finally, Transcend Capital Advisors LLC grew its position in Netflix by 8.2% during the fourth quarter. Transcend Capital Advisors LLC now owns 1,544 shares of the Internet television network’s stock valued at $752,000 after acquiring an additional 117 shares during the period. 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.