Netflix (NASDAQ:NFLX) Stock Price Down 1%

Netflix, Inc. (NASDAQ:NFLXGet Free Report) shares traded down 1% during mid-day trading on Wednesday . The stock traded as low as $687.39 and last traded at $689.03. 372,219 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 3,829,720 shares. The stock had previously closed at $695.72.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. The Goldman Sachs Group boosted their target price on Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Evercore ISI boosted their price objective on Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a research note on Tuesday. Sanford C. Bernstein boosted their price objective on Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. Wedbush restated an “outperform” rating and issued a $725.00 target price on shares of Netflix in a research note on Monday, May 20th. Finally, Loop Capital upped 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. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $685.45.

Get Our Latest Report on Netflix

Netflix Trading Up 1.3 %

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $302.28 billion, a P/E ratio of 48.67, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The stock has a 50-day moving average of $659.04 and a two-hundred day moving average of $629.28.

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

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 19,943 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $633.58, for a total value of $12,635,485.94. Following the transaction, the chairman now directly owns 57 shares in the company, valued at approximately $36,114.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Chairman Reed Hastings sold 19,943 shares of Netflix stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $633.58, for a total transaction of $12,635,485.94. Following the transaction, the chairman now directly owns 57 shares in the company, valued at $36,114.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,700 shares of company stock worth $98,283,982. Insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

A number of institutional investors and hedge funds have recently bought and sold shares of NFLX. Heartland Bank & Trust Co boosted its stake in shares of Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after acquiring an additional 15 shares in the last quarter. Obermeyer Wood Investment Counsel Lllp boosted its stake in shares of Netflix by 2.8% during the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock worth $378,000 after acquiring an additional 17 shares in the last quarter. Private Portfolio Partners LLC boosted its stake in shares of Netflix by 1.7% during the 1st quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after acquiring an additional 17 shares in the last quarter. FAS Wealth Partners Inc. lifted its stake in Netflix by 1.5% in the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock valued at $786,000 after buying an additional 17 shares in the last quarter. Finally, Clear Point Advisors Inc. lifted its stake in Netflix by 3.9% in the 2nd quarter. Clear Point Advisors Inc. now owns 449 shares of the Internet television network’s stock valued at $303,000 after buying an additional 17 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

About Netflix

(Get Free Report)

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.

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