Netflix (NASDAQ:NFLX) Stock Price Down 3% - Time to Sell?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s share price fell 3% during trading on Friday . The company traded as low as $949.40 and last traded at $947.58. 1,012,581 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 3,483,888 shares. The stock had previously closed at $976.72.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NFLX shares. Evercore ISI increased their price target on Netflix from $950.00 to $1,100.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Arete Research raised shares of Netflix to a "hold" rating in a research report on Thursday, January 23rd. Oppenheimer boosted their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein raised shares of Netflix from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Finally, Guggenheim boosted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,021.02.

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Netflix Stock Down 4.4 %

The company's 50 day simple moving average is $971.74 and its 200-day simple moving average is $868.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $399.46 billion, a PE ratio of 47.09, a PEG ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm's revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.11 earnings per share. On average, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 35,868 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total value of $31,853,653.44. Following the completion of the transaction, the chairman now directly owns 114 shares in the company, valued at approximately $101,241.12. This represents a 99.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 424 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $994.63, for a total value of $421,723.12. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $31,440,254.30. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 288,583 shares of company stock valued at $279,611,567 over the last three months. 1.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Netflix

A number of large investors have recently added to or reduced their stakes in the business. West Michigan Advisors LLC lifted its stake in shares of Netflix by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after acquiring an additional 10 shares during the last quarter. Warwick Investment Management Inc. increased its stake in Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after purchasing an additional 10 shares during the period. MRP Capital Investments LLC lifted its position in Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after purchasing an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC boosted its stake in shares of Netflix by 2.2% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after purchasing an additional 10 shares during the period. Finally, Mission Creek Capital Partners Inc. grew its holdings in shares of Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock worth $3,410,000 after purchasing an additional 10 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.