Netflix (NASDAQ:NFLX) Trading Down 0.5%

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) shares traded down 0.5% during mid-day trading on Monday . The stock traded as low as $681.49 and last traded at $687.00. 450,370 shares were traded during trading, a decline of 88% from the average session volume of 3,908,137 shares. The stock had previously closed at $690.65.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. BMO Capital Markets restated an "outperform" rating and set a $713.00 target price (up previously from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. Canaccord Genuity Group cut shares of Netflix from a "buy" rating to a "hold" rating and lowered their target price for the company from $720.00 to $585.00 in a research note on Friday, April 19th. Guggenheim upped their target price on shares of Netflix from $600.00 to $700.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. Macquarie upped their target price on shares of Netflix from $595.00 to $685.00 and gave the company an "outperform" rating in a research note on Tuesday, April 16th. Finally, Canaccord Genuity Group reiterated a "hold" rating and issued a $585.00 price objective (down previously from $720.00) on shares of Netflix in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $637.34.

Netflix Stock Performance

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 business's fifty day simple moving average is $643.37 and its 200-day simple moving average is $593.46. The firm has a market capitalization of $295.55 billion, a PE ratio of 47.59, a price-to-earnings-growth ratio of 1.49 and a beta of 1.27.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts' consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company's quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.88 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 18.31 EPS for the current year.

Insider Activity

In other news, CEO Gregory K. Peters sold 4,783 shares of the firm's stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,835,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Chairman Reed Hastings sold 22,526 shares of the business's stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $670.49, for a total value of $15,103,457.74. Following the completion of the sale, the chairman now owns 57 shares in the company, valued at $38,217.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 4,783 shares of the business's stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company's stock, valued at approximately $8,835,750. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,385 shares of company stock worth $44,469,351. 1.76% of the stock is currently owned by insiders.

Institutional Trading of Netflix

A number of large investors have recently modified their holdings of NFLX. Insight Wealth Strategies LLC raised its stake in Netflix by 16.7% in the second quarter. Insight Wealth Strategies LLC now owns 644 shares of the Internet television network's stock worth $435,000 after buying an additional 92 shares in the last quarter. Quent Capital LLC increased its position in shares of Netflix by 6.5% during the second quarter. Quent Capital LLC now owns 2,036 shares of the Internet television network's stock worth $1,374,000 after purchasing an additional 125 shares in the last quarter. Boston Common Asset Management LLC increased its position in shares of Netflix by 10.5% during the second quarter. Boston Common Asset Management LLC now owns 26,203 shares of the Internet television network's stock worth $17,684,000 after purchasing an additional 2,486 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Netflix by 64.4% during the second quarter. Versant Capital Management Inc now owns 406 shares of the Internet television network's stock worth $274,000 after purchasing an additional 159 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Netflix during the second quarter worth $253,000. 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.