Netflix (NASDAQ:NFLX) Shares Down 0% Following Analyst Downgrade

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) shares were down 0% during trading on Wednesday after UBS Group lowered their price target on the stock from $1,150.00 to $1,140.00. UBS Group currently has a buy rating on the stock. Netflix traded as low as $961.00 and last traded at $975.87. Approximately 1,872,163 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 3,703,480 shares. The stock had previously closed at $976.28.

A number of other equities research analysts have also recently commented on the company. FBN Securities initiated coverage on Netflix in a research report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 target price on the stock. Robert W. Baird raised their price target on shares of Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Arete Research raised Netflix to a "hold" rating in a report on Thursday, January 23rd. StockNews.com cut Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Pivotal Research lifted their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,036.38.

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares in the company, valued at $362,933.10. This represents a 98.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 274,312 shares of company stock valued at $267,919,297. 1.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Netflix

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. West Michigan Advisors LLC boosted its position 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 purchasing an additional 10 shares during the period. Warwick Investment Management Inc. boosted its holdings in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after acquiring an additional 10 shares during the period. MRP Capital Investments LLC grew its position in shares of Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after acquiring an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC increased its holdings in shares of Netflix by 2.2% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after acquiring an additional 10 shares during the period. Finally, Mission Creek Capital Partners Inc. raised its position in Netflix by 0.3% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after purchasing an additional 10 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

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 stock has a market cap of $416.22 billion, a price-to-earnings ratio of 49.07, a PEG ratio of 2.12 and a beta of 1.55. The stock's 50 day moving average is $954.87 and its two-hundred day moving average is $893.08.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the company posted $8.28 earnings per share. Analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.