Netflix (NASDAQ:NFLX) Stock Price Down 3.1% – What’s Next?

Netflix, Inc. (NASDAQ:NFLX) shares traded down 3.1% during mid-day trading on Monday . The company traded as low as $861.68 and last traded at $863.28. 1,990,818 shares changed hands during trading, a decline of 41% from the average session volume of 3,348,886 shares. The stock had previously closed at $891.11.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NFLX shares. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and upped their price objective for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Pivotal Research upped their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Guggenheim lifted their price target on Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Benchmark raised Netflix from a “sell” rating to a “hold” rating in a report 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $1,014.26.

Netflix Trading Down 2.7 %

The company’s 50-day moving average is $950.26 and its 200 day moving average is $842.54. 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 $370.73 billion, a PE ratio of 43.71, a P/E/G ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating 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 company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the company earned $2.11 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of Netflix 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. This trade represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 288,103 shares of company stock valued at $279,142,041 in the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

Institutional Trading of Netflix

A number of institutional investors have recently bought and sold shares of the company. Copia Wealth Management bought a new stake in shares of Netflix in the 4th quarter valued at approximately $37,000. IronOak Wealth LLC. acquired a new stake in shares of Netflix in the 4th quarter valued at $1,773,000. TFR Capital LLC. acquired a new stake in shares of Netflix in the 4th quarter valued at $4,561,000. Audent Global Asset Management LLC increased its position in Netflix by 126.6% during the fourth quarter. Audent Global Asset Management LLC now owns 5,840 shares of the Internet television network’s stock worth $5,205,000 after buying an additional 3,263 shares during the last quarter. Finally, Siemens Fonds Invest GmbH increased its position in Netflix by 156.6% during the fourth quarter. Siemens Fonds Invest GmbH now owns 28,830 shares of the Internet television network’s stock worth $25,697,000 after buying an additional 17,594 shares during the last quarter. Institutional investors and hedge funds 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.