Netflix (NASDAQ:NFLX) Stock Price Down 0.4% - Here's What Happened

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s share price traded down 0.4% during mid-day trading on Thursday . The company traded as low as $971.20 and last traded at $974.16. 1,700,866 shares were traded during mid-day trading, a decline of 62% from the average session volume of 4,440,832 shares. The stock had previously closed at $978.15.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NFLX shares. TD Cowen raised their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. The Goldman Sachs Group lifted their price objective on Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Guggenheim raised their target price on shares of Netflix from $950.00 to $1,100.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Pivotal Research increased their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Finally, Phillip Securities cut Netflix from a "hold" rating to a "moderate sell" rating in a research note on Friday, January 24th. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,021.70.

Netflix Trading Down 0.4 %

The firm's 50 day simple moving average is $901.54 and its two-hundred day simple moving average is $774.15. The stock has a market capitalization of $416.45 billion, a P/E ratio of 49.13, a P/E/G ratio of 1.53 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the business earned $2.11 EPS. The firm's revenue for the quarter was up 16.0% on a year-over-year basis. As a group, analysts forecast that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 1,278 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the transaction, the chief executive officer now directly owns 2,556 shares in the company, valued at approximately $1,960,579.80. This trade represents a 33.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 41,601 shares of Netflix stock in a transaction on Friday, November 1st. The stock was sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the transaction, the chairman now directly owns 85 shares in the company, valued at $64,435.10. This represents a 99.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,117 shares of company stock valued at $123,913,691. 1.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock worth $12,023,082,000 after buying an additional 426,740 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Netflix by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network's stock worth $6,464,736,000 after acquiring an additional 123,029 shares during the period. Jennison Associates LLC boosted its position in Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock worth $4,958,417,000 after purchasing an additional 316,594 shares during the last quarter. International Assets Investment Management LLC grew its stake in Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network's stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Netflix by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network's stock worth $3,473,571,000 after buying an additional 23,702 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

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.

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