Netflix (NASDAQ:NFLX) Stock Price Down 0.4%

Netflix, Inc. (NASDAQ:NFLX) shares dropped 0.4% during trading on Wednesday . The stock traded as low as $612.20 and last traded at $615.23. Approximately 948,474 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 4,207,897 shares. The stock had previously closed at $617.52.

Analyst Ratings Changes

A number of analysts have issued reports on NFLX shares. Robert W. Baird lifted their target price on shares of Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Seaport Res Ptn lowered shares of Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. KeyCorp lifted their price target on shares of Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Finally, The Goldman Sachs Group lifted their price target on shares of Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $628.76.

Netflix Stock Performance

The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $245.98 billion, a P/E ratio of 50.84, a PEG ratio of 1.65 and a beta of 1.22. The stock’s 50-day simple moving average is $605.77 and its 200 day simple moving average is $511.86.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. Netflix’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.88 earnings per share. Research analysts expect that Netflix, Inc. will post 17.05 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares of the company’s stock, valued at $17,091.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Netflix news, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the transaction, the chairman now owns 28 shares in the company, valued at $17,091.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 5,352 shares of Netflix stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,181,250. The disclosure for this sale can be found here. Insiders sold a total of 268,335 shares of company stock valued at $151,619,811 over the last quarter. 2.45% of the stock is owned by corporate insiders.

Institutional Trading of Netflix

Several hedge funds and other institutional investors have recently made changes to their positions in NFLX. Indiana Trust & Investment Management CO boosted its holdings in Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 28 shares during the last quarter. VitalStone Financial LLC boosted its holdings in Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 56 shares during the last quarter. Scarborough Advisors LLC bought a new stake in Netflix in the fourth quarter valued at approximately $32,000. Aspect Partners LLC bought a new stake in Netflix in the fourth quarter valued at approximately $32,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in Netflix in the third quarter valued at approximately $25,000. 80.93% of the stock is currently owned by institutional investors.

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.