Netflix (NASDAQ:NFLX) Trading Down 0.5%

Shares of Netflix, Inc. (NASDAQ:NFLX) were down 0.5% during mid-day trading on Monday . The company traded as low as $681.49 and last traded at $687.00. Approximately 450,370 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 3,908,137 shares. The stock had previously closed at $690.65.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NFLX shares. Barclays raised their target price on Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Citigroup raised their target price on Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research note on Monday, March 25th. Pivotal Research lifted their price objective on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, April 19th. KeyCorp lifted their price objective on Netflix from $707.00 to $735.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Wedbush reiterated an “outperform” rating and set a $725.00 price objective on shares of Netflix in a research note on Monday, May 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $639.57.

Netflix Trading Down 1.2 %

The stock has a market cap of $292.07 billion, a PE ratio of 47.00, a price-to-earnings-growth ratio of 1.48 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The company’s 50-day moving average price is $646.07 and its 200 day moving average price is $594.86.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.88 earnings per share. On average, sell-side analysts forecast that Netflix, Inc. will post 18.31 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Anne M. Sweeney sold 633 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total value of $354,480.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Anne M. Sweeney sold 633 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total transaction of $354,480.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Reed Hastings sold 22,526 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $670.49, for a total value of $15,103,457.74. Following the sale, the chairman now directly owns 57 shares in the company, valued at approximately $38,217.93. The disclosure for this sale can be found here. Insiders have sold a total of 71,385 shares of company stock valued at $44,469,351 over the last quarter. 1.76% of the stock is owned by company insiders.

Institutional Trading of Netflix

A number of large investors have recently modified their holdings of NFLX. OLD National Bancorp IN increased its position in shares of Netflix by 5.1% during the third quarter. OLD National Bancorp IN now owns 4,026 shares of the Internet television network’s stock worth $1,520,000 after acquiring an additional 194 shares during the period. Comerica Bank grew its stake in shares of Netflix by 48.9% during the third quarter. Comerica Bank now owns 100,024 shares of the Internet television network’s stock worth $37,769,000 after purchasing an additional 32,853 shares in the last quarter. EP Wealth Advisors LLC grew its stake in shares of Netflix by 25.0% during the third quarter. EP Wealth Advisors LLC now owns 8,084 shares of the Internet television network’s stock worth $3,052,000 after purchasing an additional 1,617 shares in the last quarter. Modera Wealth Management LLC grew its stake in shares of Netflix by 11.1% during the third quarter. Modera Wealth Management LLC now owns 1,872 shares of the Internet television network’s stock worth $707,000 after purchasing an additional 187 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Netflix by 2.8% during the third quarter. American Century Companies Inc. now owns 1,064,685 shares of the Internet television network’s stock worth $402,025,000 after purchasing an additional 28,796 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

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.