Netflix (NASDAQ:NFLX) Trading Down 1.4% – Should You Sell?

Netflix, Inc. (NASDAQ:NFLX)’s stock price was down 1.4% during mid-day trading on Friday . The company traded as low as $912.38 and last traded at $912.67. Approximately 575,814 shares traded hands during trading, a decline of 84% from the average daily volume of 3,615,444 shares. The stock had previously closed at $925.55.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NFLX. Barclays reaffirmed an “underweight” rating and issued a $550.00 price objective on shares of Netflix in a research note on Friday, October 18th. JPMorgan Chase & Co. boosted their price objective on Netflix from $850.00 to $1,010.00 and gave the stock an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group set a $750.00 target price on Netflix in a report on Friday, October 18th. Macquarie reiterated an “outperform” rating and set a $795.00 price objective on shares of Netflix in a research report on Friday, October 18th. Finally, Loop Capital upped their price target on shares of Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $787.85.

Netflix Trading Down 1.2 %

The firm has a market cap of $391.08 billion, a price-to-earnings ratio of 51.65, a P/E/G ratio of 1.80 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company’s 50 day simple moving average is $810.04 and its 200 day simple moving average is $717.45.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. The trade was a 99.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leslie J. Kilgore sold 428 shares of Netflix stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $715.00, for a total transaction of $306,020.00. The disclosure for this sale can be found here. Insiders sold 165,405 shares of company stock worth $129,623,487 over the last 90 days. 1.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Netflix

Hedge funds have recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the third quarter worth about $25,000. Denver PWM LLC acquired a new stake in Netflix during the second quarter worth approximately $25,000. Proffitt & Goodson Inc. grew its stake in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its holdings in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the last quarter. Finally, AlphaMark Advisors LLC raised its holdings in Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other 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.