Netflix (NASDAQ:NFLX) Trading Down 0.1% – What’s Next?

Netflix, Inc. (NASDAQ:NFLX)’s stock price was down 0.1% during trading on Wednesday . The stock traded as low as $873.00 and last traded at $878.37. Approximately 644,420 shares were traded during trading, a decline of 73% from the average daily volume of 2,396,961 shares. The stock had previously closed at $879.19.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NFLX shares. Barclays reiterated an “underweight” rating and set a $550.00 price target on shares of Netflix in a research note on Friday, October 18th. Bank of America increased their price target on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Wolfe Research restated an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Wells Fargo & Company raised their price objective on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Rosenblatt Securities upped their price objective on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $824.30.

Netflix Stock Performance

The firm has a market cap of $374.51 billion, a P/E ratio of 49.58, a P/E/G ratio of 1.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The business’s 50-day simple moving average is $871.62 and its 200 day simple moving average is $749.78.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, equities analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Leslie J. Kilgore sold 383 shares of the business’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $730.00, for a total transaction of $279,590.00. Following the completion of the sale, the director now owns 35,262 shares of the company’s stock, valued at approximately $25,741,260. The trade was a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the transaction, the chairman now directly owns 114 shares in the company, valued at $102,212.40. This trade represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 150,761 shares of company stock valued at $125,713,484. Insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Hedge funds and other institutional investors have recently modified their holdings of the company. Douglas Lane & Associates LLC grew its holdings in Netflix by 17.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 579 shares of the Internet television network’s stock valued at $516,000 after buying an additional 88 shares in the last quarter. Private Client Services LLC purchased a new position in Netflix during the fourth quarter valued at $234,000. Worth Asset Management LLC increased its holdings in Netflix by 210.3% in the 4th quarter. Worth Asset Management LLC now owns 3,094 shares of the Internet television network’s stock valued at $2,758,000 after acquiring an additional 2,097 shares during the last quarter. Park National Corp OH bought a new stake in Netflix in the 4th quarter valued at $217,000. Finally, Range Financial Group LLC purchased a new stake in Netflix in the 4th quarter worth $833,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

About Netflix

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.