Netflix (NASDAQ:NFLX) Shares Down 2.5% – What’s Next?

Shares of Netflix, Inc. (NASDAQ:NFLX) fell 2.5% on Monday . The company traded as low as $900.59 and last traded at $910.95. 1,226,365 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 3,574,981 shares. The stock had previously closed at $933.85.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Morgan Stanley increased their price target on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Bank of America upped their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. UBS Group reissued a “buy” rating on shares of Netflix in a research report on Monday, March 10th. Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Finally, StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.02.

Netflix Stock Performance

The firm has a market capitalization of $397.12 billion, a PE ratio of 46.82, a PEG ratio of 2.12 and a beta of 1.38. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average of $974.40 and a 200 day moving average of $872.78.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.11 earnings per share. Equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $12,700,583. The trade was a 88.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. In the last ninety days, insiders sold 288,583 shares of company stock valued at $279,611,567. Insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Institutional investors have recently modified their holdings of the company. Centre Asset Management LLC bought a new stake in shares of Netflix in the 1st quarter worth approximately $3,110,000. Hobart Private Capital LLC purchased a new stake in Netflix in the first quarter worth $275,000. MassMutual Private Wealth & Trust FSB increased its position in Netflix by 0.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,063 shares of the Internet television network’s stock valued at $1,924,000 after purchasing an additional 19 shares during the period. Life Line Wealth Management LLC purchased a new position in Netflix during the 4th quarter valued at $209,000. Finally, Fire Capital Management LLC bought a new position in Netflix in the 4th quarter worth $352,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.