Netflix (NASDAQ:NFLX) Stock Price Down 2.5% – Time to Sell?

Netflix, Inc. (NASDAQ:NFLX) shares traded down 2.5% during trading on Monday . The company traded as low as $900.59 and last traded at $910.95. 1,226,365 shares were traded during mid-day trading, a decline of 66% from the average session volume of 3,574,981 shares. The stock had previously closed at $933.85.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research reports. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price for the company in a research note on Thursday, January 23rd. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and increased their target price for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. KeyCorp upped 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 report on Wednesday, January 22nd. Finally, Moffett Nathanson upgraded Netflix from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $850.00 to $1,100.00 in a report on Monday, March 17th. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.02.

Netflix Price Performance

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 company has a fifty day moving average price of $971.74 and a two-hundred day moving average price of $869.42. The firm has a market capitalization of $397.44 billion, a PE ratio of 46.84, a P/E/G ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.11 earnings per share. Sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In related news, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 2,682 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. Insiders have sold 288,583 shares of company stock worth $279,611,567 over the last three months. 1.76% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Netflix

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in Netflix by 13.3% during the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after buying an additional 198,148 shares in the last quarter. Tradition Wealth Management LLC increased its position in Netflix by 11.1% during the third quarter. Tradition Wealth Management LLC now owns 859 shares of the Internet television network’s stock worth $609,000 after buying an additional 86 shares during the last quarter. Cobblestone Capital Advisors LLC NY lifted its holdings in Netflix by 5.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 681 shares of the Internet television network’s stock worth $483,000 after purchasing an additional 36 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Netflix during the 3rd quarter worth $145,252,000. Finally, Mark Sheptoff Financial Planning LLC boosted its holdings in Netflix by 776.3% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 333 shares of the Internet television network’s stock valued at $236,000 after acquiring an additional 295 shares during the period. Institutional investors 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.