Netflix (NASDAQ:NFLX) Shares Down 0.7% - Time to Sell?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) was down 0.7% on Wednesday . The company traded as low as $863.58 and last traded at $866.42. Approximately 503,696 shares traded hands during trading, a decline of 86% from the average daily volume of 3,659,233 shares. The stock had previously closed at $872.60.

Wall Street Analyst Weigh In

A number of brokerages have commented on NFLX. Guggenheim upped their price target on shares of Netflix from $810.00 to $825.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. TD Cowen raised their target price on Netflix from $820.00 to $835.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. The Goldman Sachs Group set a $750.00 price target on Netflix in a research note on Friday, October 18th. StockNews.com raised shares of Netflix from a "hold" rating to a "buy" rating in a research report on Tuesday, September 24th. Finally, Rosenblatt Securities lifted their price target on shares of Netflix from $635.00 to $680.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $764.82.

Netflix Stock Up 0.5 %

The company has a market capitalization of $375.03 billion, a PE ratio of 49.03, a P/E/G ratio of 1.67 and a beta of 1.25. The stock's fifty day moving average is $762.10 and its two-hundred day moving average is $695.13. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts' consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.77 billion. As a group, analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

Insiders Place Their Bets

In related news, Director Timothy M. Haley sold 647 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders sold 185,866 shares of company stock valued at $133,393,921 over the last ninety days. 1.76% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Netflix

Hedge funds have recently made changes to their positions in the stock. Denver PWM LLC purchased a new position in Netflix during the 2nd quarter valued at about $25,000. RPg Family Wealth Advisory LLC purchased a new position in Netflix during the third quarter valued at approximately $25,000. Proffitt & Goodson Inc. lifted 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 purchasing an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted 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 purchasing an additional 42 shares during the period. Finally, AlphaMark Advisors LLC boosted 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 purchasing an additional 45 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.

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