Netflix (NASDAQ:NFLX) Stock Price Down 0.5% on Insider Selling

Netflix, Inc. (NASDAQ:NFLX) dropped 0.5% on Monday after an insider sold shares in the company. The company traded as low as $965.00 and last traded at $972.77. Approximately 1,583,463 shares changed hands during trading, a decline of 65% from the average daily volume of 4,583,175 shares. The stock had previously closed at $977.59.

Specifically, Director Jay C. Hoag sold 617 shares of the company’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of recent research reports. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. BMO Capital Markets reissued an “outperform” rating and set a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. KeyCorp boosted their price target on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company upped their price objective on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Macquarie raised their target price on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Nine analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Performance

The company has a market cap of $415.44 billion, a price-to-earnings ratio of 49.01, a P/E/G ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The company has a fifty day moving average of $895.13 and a two-hundred day moving average of $768.18.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 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 firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. During the same period last year, the firm posted $2.11 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities research analysts anticipate that Netflix, Inc. will post 23.72 EPS for the current year.

Hedge Funds Weigh In On Netflix

Several institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC acquired a new stake in Netflix in the third quarter valued at $25,000. Newton One Investments LLC bought a new stake in shares of Netflix in the 4th quarter valued at about $34,000. Princeton Global Asset Management LLC increased its stake in shares of Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after buying an additional 16 shares during the period. E Fund Management Hong Kong Co. Ltd. raised 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 worth $34,000 after acquiring an additional 42 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Netflix in the 4th quarter worth approximately $43,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.