Netflix (NASDAQ:NFLX) Trading Down 1.4%

Netflix, Inc. (NASDAQ:NFLX) shares traded down 1.4% on Monday . The stock traded as low as $663.78 and last traded at $665.40. 583,111 shares were traded during mid-day trading, a decline of 85% from the average session volume of 3,964,766 shares. The stock had previously closed at $674.88.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $655.00 price target on shares of Netflix in a report on Wednesday, May 15th. Rosenblatt Securities boosted their price objective on shares of Netflix from $540.00 to $554.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. CICC Research initiated coverage on shares of Netflix in a research note on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their price target on shares of Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. Finally, Sanford C. Bernstein upped their price target on shares of Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $633.53.

Netflix Trading Down 0.4 %

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock has a market cap of $289.61 billion, a P/E ratio of 46.18, a PEG ratio of 1.46 and a beta of 1.27. The firm’s 50-day simple moving average is $628.93 and its 200 day simple moving average is $585.07.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm posted $2.88 earnings per share. As a group, equities research analysts anticipate that Netflix, Inc. will post 18.31 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Anne M. Sweeney sold 633 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider David A. Hyman sold 268 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $18,764,328.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anne M. Sweeney sold 633 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total transaction of $354,480.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,859 shares of company stock worth $29,365,893. Corporate insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Netflix by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock worth $22,220,936,000 after buying an additional 149,341 shares in the last quarter. Capital World Investors raised its holdings in shares of Netflix by 0.7% during the 4th quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock valued at $5,718,265,000 after purchasing an additional 78,320 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Netflix by 17.0% during the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after purchasing an additional 929,193 shares in the last quarter. Norges Bank bought a new position in shares of Netflix during the 4th quarter valued at $2,558,598,000. Finally, Fisher Asset Management LLC raised its holdings in shares of Netflix by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock valued at $2,006,483,000 after purchasing an additional 78,298 shares in the last quarter. 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.