Netflix (NASDAQ:NFLX) Stock Price Down 0.8% – What’s Next?

Netflix, Inc. (NASDAQ:NFLX)’s stock price fell 0.8% during trading on Monday . The company traded as low as $899.10 and last traded at $902.22. 469,946 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 3,599,713 shares. The stock had previously closed at $909.05.

Analyst Ratings Changes

A number of analysts have issued reports on NFLX shares. BMO Capital Markets reiterated an “outperform” rating and issued a $825.00 target price (up from $770.00) on shares of Netflix in a research note on Friday, October 18th. Bank of America upped their price objective on shares of Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. China Renaissance began coverage on Netflix in a report on Thursday, September 5th. They set a “hold” rating and a $680.00 target price on the stock. Macquarie reiterated an “outperform” rating and set a $795.00 price target on shares of Netflix in a research note on Friday, October 18th. Finally, UBS Group raised their price objective on Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $807.70.

Netflix Price Performance

The company’s 50-day moving average price is $832.76 and its two-hundred day moving average price is $729.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $388.88 billion, a P/E ratio of 51.49, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, sell-side analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory K. Peters sold 4,392 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,490,250. This trade represents a 25.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 164,977 shares of company stock worth $129,317,467 in the last quarter. 1.76% of the stock is currently owned by corporate insiders.

Institutional Trading of Netflix

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Denver PWM LLC acquired a new position in Netflix during the second quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix in the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix during the 3rd quarter worth $37,000. Finally, Summit Securities Group LLC acquired a new stake in Netflix in the second quarter valued at about $38,000. Institutional investors 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.