Netflix (NASDAQ:NFLX) Shares Down 0% - Should You Sell?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) fell 0% on Friday . The stock traded as low as $1,091.00 and last traded at $1,096.83. 1,293,812 shares were traded during trading, a decline of 65% from the average session volume of 3,701,218 shares. The stock had previously closed at $1,096.87.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research analyst reports. Macquarie raised their target price on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Canaccord Genuity Group increased their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company a "buy" rating in a report on Monday, April 21st. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research report on Monday, March 24th. StockNews.com lowered Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a research report on Wednesday, January 22nd. Ten 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,072.12.

Netflix Trading Up 0.4 %

The business's 50 day simple moving average is $955.92 and its 200-day simple moving average is $904.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $468.78 billion, a P/E ratio of 55.55, a PEG ratio of 2.12 and a beta of 1.55.

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

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ann Mather sold 2,682 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. Insiders sold a total of 273,855 shares of company stock valued at $267,474,816 in the last ninety days. 1.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NFLX. Mather Group LLC. raised its holdings in shares of Netflix by 83.7% during the first quarter. Mather Group LLC. now owns 4,781 shares of the Internet television network's stock worth $4,459,000 after acquiring an additional 2,179 shares during the period. Alta Advisers Ltd raised its stake in shares of Netflix by 49.4% in the 1st quarter. Alta Advisers Ltd now owns 2,117 shares of the Internet television network's stock valued at $1,974,000 after purchasing an additional 700 shares during the period. Benchmark Financial Wealth Advisors LLC acquired a new stake in shares of Netflix in the 1st quarter valued at about $286,000. Deseret Mutual Benefit Administrators lifted its holdings in shares of Netflix by 132.5% in the first quarter. Deseret Mutual Benefit Administrators now owns 272 shares of the Internet television network's stock valued at $254,000 after purchasing an additional 155 shares in the last quarter. Finally, Smith Salley Wealth Management boosted its position in shares of Netflix by 6.9% during the first quarter. Smith Salley Wealth Management now owns 1,824 shares of the Internet television network's stock worth $1,701,000 after buying an additional 118 shares during the period. Institutional investors own 80.93% of the company's stock.

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.