Netflix (NASDAQ:NFLX) Trading Down 0.9% – Time to Sell?

Shares of Netflix, Inc. (NASDAQ:NFLX) fell 0.9% on Tuesday . The company traded as low as $957.30 and last traded at $963.52. 1,030,739 shares were traded during mid-day trading, a decline of 77% from the average session volume of 4,542,917 shares. The stock had previously closed at $971.89.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NFLX. Citigroup lifted their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Macquarie increased their price target on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Argus increased their price objective on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. Loop Capital boosted their price target on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Finally, KeyCorp lifted their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Down 0.5 %

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The company has a market cap of $416.02 billion, a PE ratio of 49.08, a P/E/G ratio of 1.53 and a beta of 1.27. The firm has a 50-day simple moving average of $901.54 and a two-hundred day simple moving average of $774.15.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.11 earnings per share. Research analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 41,601 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the completion of the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $64,435.10. This represents a 99.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. In the last three months, insiders sold 147,117 shares of company stock worth $123,913,691. Corporate insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Hedge funds and other institutional investors have recently modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new stake in Netflix in the 3rd quarter valued at about $25,000. Pathway Financial Advisers LLC raised its holdings in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its stake in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares in the last quarter. Newton One Investments LLC acquired a new position in shares of Netflix in the fourth quarter worth about $34,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix in the third quarter worth approximately $37,000. 80.93% of the stock is currently owned by 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.