Netflix (NASDAQ:NFLX) Trading Down 0% – Here’s Why

Netflix, Inc. (NASDAQ:NFLX) shares were down 0% on Friday . The stock traded as low as $1,019.32 and last traded at $1,024.20. Approximately 765,464 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 4,049,577 shares. The stock had previously closed at $1,024.54.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NFLX shares. Phillip Securities cut shares of Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. boosted their price objective on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Needham & Company LLC boosted their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. UBS Group boosted their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Performance

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $429.77 billion, a price-to-earnings ratio of 50.56, a P/E/G ratio of 2.16 and a beta of 1.27. The firm has a fifty day simple moving average of $938.86 and a two-hundred day simple moving average of $815.63.

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

Insider Activity at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. The trade was a 99.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 303,220 shares of company stock worth $289,856,164. 1.76% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Netflix

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Netflix by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock worth $33,413,809,000 after purchasing an additional 171,712 shares in the last quarter. FMR LLC lifted its holdings in shares of Netflix by 1.8% during the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock worth $18,617,081,000 after purchasing an additional 375,234 shares during the period. State Street Corp lifted its holdings in shares of Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after purchasing an additional 426,740 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Netflix by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock worth $8,287,823,000 after purchasing an additional 175,596 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after purchasing an additional 316,594 shares during the period. Hedge funds and other 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.