Netflix (NASDAQ:NFLX) Trading Down 2.5% – What’s Next?

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NFLX shares. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a research report on Thursday, January 23rd. Bank of America lifted their price target on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. BMO Capital Markets restated an “outperform” rating and issued a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, Wedbush restated an “outperform” rating and issued a $1,150.00 price target (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.02.

Netflix Stock Down 0.5 %

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 firm has a market cap of $397.44 billion, a P/E ratio of 46.84, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The stock’s fifty day moving average is $971.74 and its two-hundred day moving average is $869.42.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) 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 analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.11 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In related news, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. This trade represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 288,583 shares of company stock valued at $279,611,567 in the last ninety days. Company insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Institutional investors have recently bought and sold shares of the stock. Pathway Financial Advisers LLC increased its holdings in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 14 shares during the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix in the fourth quarter valued at approximately $27,000. Transce3nd LLC acquired a new stake in Netflix in the 4th quarter valued at approximately $32,000. Newton One Investments LLC acquired a new stake in Netflix in the fourth quarter valued at $34,000. Finally, Pineridge Advisors LLC increased its position in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds 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.