Netflix (NASDAQ:NFLX) Trading Down 0.1%

Netflix, Inc. (NASDAQ:NFLX) dropped 0.1% during mid-day trading on Friday . The stock traded as low as $679.00 and last traded at $683.77. Approximately 561,102 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 3,969,043 shares. The stock had previously closed at $684.34.

Analyst Upgrades and Downgrades

NFLX has been the topic of several research analyst reports. Wedbush restated an “outperform” rating and issued a $725.00 price target on shares of Netflix in a research report on Monday, May 20th. Barclays raised their price objective on shares of Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. CICC Research assumed coverage on shares of Netflix in a report on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price objective for the company. Citigroup raised their price objective on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a report on Monday, March 25th. Finally, Benchmark raised their price objective on shares of Netflix from $440.00 to $450.00 and gave the stock a “sell” rating in a report on Friday, May 17th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $633.53.

Netflix Stock Performance

The firm’s 50-day moving average price is $628.93 and its 200 day moving average price is $584.34. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $290.87 billion, a price-to-earnings ratio of 46.83, a PEG ratio of 1.48 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter in the previous year, the company earned $2.88 EPS. Netflix’s revenue was up 14.8% on a year-over-year basis. On average, sell-side analysts anticipate that Netflix, Inc. will post 18.31 EPS for the current year.

Insider Transactions at Netflix

In related news, Director Anne M. Sweeney sold 633 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at $17,091.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anne M. Sweeney sold 633 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00. The disclosure for this sale can be found here. Insiders sold a total of 69,425 shares of company stock worth $41,919,791 in the last quarter. 1.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Columbia Trust Co 01012016 lifted its stake in Netflix by 15.3% in the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after buying an additional 208 shares in the last quarter. Crumly & Associates Inc. lifted its stake in Netflix by 4.1% in the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after buying an additional 83 shares in the last quarter. Venture Visionary Partners LLC lifted its stake in Netflix by 15.4% in the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after buying an additional 1,318 shares in the last quarter. Sandy Cove Advisors LLC lifted its stake in Netflix by 10.6% in the fourth quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after buying an additional 114 shares in the last quarter. Finally, Malaga Cove Capital LLC lifted its stake in Netflix by 25.4% in the fourth quarter. Malaga Cove Capital LLC now owns 1,562 shares of the Internet television network’s stock valued at $761,000 after buying an additional 316 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

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.