Netflix (NASDAQ:NFLX) Stock Price Down 0.3%

Netflix, Inc. (NASDAQ:NFLX)’s share price was down 0.3% on Tuesday . The company traded as low as $672.70 and last traded at $673.58. Approximately 312,766 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 3,770,050 shares. The stock had previously closed at $675.42.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NFLX. JPMorgan Chase & Co. increased their price target on shares of Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Bank of America increased their target price on Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a report on Monday, July 15th. Morgan Stanley boosted their price target on Netflix from $700.00 to $780.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. TD Cowen increased their price objective on Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, Jefferies Financial Group boosted their target price on shares of Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $685.29.

Netflix Price Performance

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 firm has a market capitalization of $289.64 billion, a P/E ratio of 46.83, a price-to-earnings-growth ratio of 1.36 and a beta of 1.26. The business has a fifty day moving average of $659.93 and a 200-day moving average of $635.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company earned $3.29 earnings per share. On average, sell-side analysts forecast that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, Director Jay C. Hoag sold 37,675 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $629.73, for a total transaction of $23,725,077.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Jay C. Hoag sold 37,675 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $629.73, for a total value of $23,725,077.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Reed Hastings sold 25,074 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the sale, the chairman now owns 85 shares in the company, valued at approximately $57,878.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 157,831 shares of company stock valued at $102,721,884. Corporate insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Several hedge funds and other institutional investors have recently modified their holdings of the business. Lazari Capital Management Inc. boosted its position in Netflix by 3.2% during the 2nd quarter. Lazari Capital Management Inc. now owns 3,931 shares of the Internet television network’s stock worth $2,653,000 after acquiring an additional 123 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Netflix during the second quarter worth approximately $47,894,000. NCP Inc. grew its position in Netflix by 5.4% during the second quarter. NCP Inc. now owns 10,491 shares of the Internet television network’s stock valued at $7,080,000 after purchasing an additional 535 shares in the last quarter. Brown Financial Advisors acquired a new position in Netflix in the 2nd quarter valued at approximately $1,201,000. Finally, Gordian Capital Singapore Pte Ltd lifted its position in Netflix by 77.9% in the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 19,522 shares of the Internet television network’s stock worth $13,175,000 after buying an additional 8,550 shares in the last quarter. Institutional investors and hedge funds 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.