Netflix (NASDAQ:NFLX) Trading Down 0.7%

Netflix, Inc. (NASDAQ:NFLX)’s stock price was down 0.7% on Monday . The stock traded as low as $625.29 and last traded at $627.26. Approximately 722,825 shares were traded during trading, a decline of 82% from the average daily volume of 3,940,929 shares. The stock had previously closed at $631.37.

Analyst Ratings Changes

Several analysts have recently weighed in on NFLX shares. Evercore ISI boosted their price target on Netflix from $700.00 to $710.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. The Goldman Sachs Group boosted their price target on Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. CICC Research assumed coverage on Netflix in a report on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price target on the stock. Pivotal Research upped their target price on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $585.00 target price (down from $720.00) on shares of Netflix in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $681.21.

Netflix Price Performance

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $268.77 billion, a P/E ratio of 43.53, a P/E/G ratio of 1.29 and a beta of 1.27. The firm has a 50 day moving average price of $658.05 and a two-hundred day moving average price of $609.92.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.14. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.29 EPS. On average, analysts predict that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 18,361 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total value of $10,126,825.94. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at approximately $15,443.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Netflix news, Director Anne M. Sweeney sold 633 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total value of $354,480.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 18,361 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total value of $10,126,825.94. Following the completion of the sale, the chairman now directly owns 28 shares in the company, valued at approximately $15,443.12. The disclosure for this sale can be found here. Insiders sold a total of 71,385 shares of company stock worth $44,469,351 in the last quarter. 1.76% of the stock is owned by company insiders.

Institutional Trading of Netflix

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Netflix by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock valued at $22,220,936,000 after buying an additional 149,341 shares in the last quarter. Capital World Investors raised its holdings in shares of Netflix by 0.7% during the 4th quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock valued at $5,718,265,000 after buying an additional 78,320 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Netflix by 17.0% during the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after buying an additional 929,193 shares in the last quarter. Norges Bank purchased a new position in shares of Netflix during the 4th quarter valued at about $2,558,598,000. Finally, Baillie Gifford & Co. raised its holdings in shares of Netflix by 2.3% during the 2nd quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after buying an additional 106,756 shares in the last quarter. Hedge funds and other institutional investors 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.