Netflix (NASDAQ:NFLX) Stock Price Down 0.3% Following Insider Selling

Netflix, Inc. (NASDAQ:NFLX) dropped 0.3% during trading on Thursday after an insider sold shares in the company. The stock traded as low as $971.25 and last traded at $987.25. Approximately 1,179,308 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 3,290,523 shares. The stock had previously closed at $990.06.

Specifically, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of analyst reports. Guggenheim increased their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and increased their price objective for the stock from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Morgan Stanley increased their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group upped their target price on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Up 1.8 %

The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $419.44 billion, a PE ratio of 49.45, a P/E/G ratio of 2.12 and a beta of 1.27. The business’s 50-day simple moving average is $947.72 and its 200 day simple moving average is $830.81.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Park Square Financial Group LLC bought a new stake in shares of Netflix in the 4th quarter valued at about $356,000. Total Wealth Planning & Management Inc. bought a new stake in shares of Netflix in the 4th quarter valued at about $222,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Netflix in the 4th quarter valued at about $355,076,000. Brooklyn FI LLC bought a new stake in shares of Netflix in the 4th quarter valued at about $1,070,000. Finally, Brucke Financial Inc. bought a new stake in shares of Netflix in the 4th quarter valued at about $753,000. 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.