Netflix (NASDAQ:NFLX) Trading Down 0.6% – Should You Sell?

Netflix, Inc. (NASDAQ:NFLX)’s share price traded down 0.6% on Friday . The stock traded as low as $791.05 and last traded at $791.47. 488,201 shares traded hands during trading, a decline of 87% from the average session volume of 3,668,948 shares. The stock had previously closed at $796.54.

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. Barclays reiterated an “underweight” rating and set a $550.00 price target on shares of Netflix in a report on Friday, October 18th. JPMorgan Chase & Co. raised their price objective on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Sanford C. Bernstein increased their target price on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. The Goldman Sachs Group set a $750.00 price objective on Netflix in a report on Friday, October 18th. Finally, Guggenheim upped their price target on shares of Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $748.15.

Netflix Trading Down 0.2 %

The stock has a market cap of $339.80 billion, a PE ratio of 44.79, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. The stock has a 50-day moving average price of $717.59 and a two-hundred day moving average price of $667.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 13,791 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $22,127,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Netflix news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Hyman sold 13,791 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $22,127,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 242,112 shares of company stock worth $169,954,456 over the last quarter. Insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Several large investors have recently added to or reduced their stakes in NFLX. Strategy Asset Managers LLC purchased a new position in shares of Netflix during the third quarter worth $378,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Netflix in the third quarter valued at $28,966,000. Prospera Private Wealth LLC boosted its stake in shares of Netflix by 2.8% in the 3rd quarter. Prospera Private Wealth LLC now owns 778 shares of the Internet television network’s stock valued at $552,000 after buying an additional 21 shares during the period. Avior Wealth Management LLC raised its holdings in Netflix by 1.0% in the third quarter. Avior Wealth Management LLC now owns 4,621 shares of the Internet television network’s stock valued at $3,278,000 after acquiring an additional 45 shares in the last quarter. Finally, West Family Investments Inc. raised its stake in Netflix by 7.4% in the third quarter. West Family Investments Inc. now owns 1,723 shares of the Internet television network’s stock valued at $1,222,000 after buying an additional 119 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other 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.