Netflix (NASDAQ:NFLX) Stock Price Down 0.9% – Should You Sell?

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

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of analyst reports. UBS Group increased their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Morgan Stanley upped their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Robert W. Baird raised their price target on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their target price on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Finally, Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Trading Down 0.5 %

The business’s 50-day moving average price is $901.54 and its two-hundred day moving average price is $774.15. The company has a market capitalization of $416.02 billion, a P/E ratio of 49.08, a PEG ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last released its quarterly 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the firm posted $2.11 EPS. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, analysts forecast that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jay C. Hoag sold 617 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,117 shares of company stock worth $123,913,691. Insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Several hedge funds have recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter valued at about $25,000. Pathway Financial Advisers LLC raised its stake in Netflix by 82.4% in the fourth 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 in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of 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 purchasing an additional 42 shares in the last quarter. Newton One Investments LLC bought a new position in shares of Netflix in the 4th quarter worth about $34,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the third quarter valued at 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.