Netflix (NASDAQ:NFLX) Trading Down 0.8% - Should You Sell?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s share price was down 0.8% during mid-day trading on Tuesday . The stock traded as low as $911.50 and last traded at $925.39. Approximately 1,071,945 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 3,577,790 shares. The stock had previously closed at $932.53.

Analyst Ratings Changes

Several analysts have weighed in on the company. Robert W. Baird boosted their price objective on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. The Goldman Sachs Group increased their price objective on shares of Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Barclays raised shares of Netflix from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Oppenheimer increased their price target on Netflix from $1,040.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Finally, Evercore ISI raised their price target on Netflix from $950.00 to $1,100.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,023.74.

Remove Ads

Netflix Stock Down 2.0 %

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 firm's 50 day moving average is $974.03 and its two-hundred day moving average is $873.22. The firm has a market capitalization of $392.27 billion, a P/E ratio of 46.25, a PEG ratio of 2.12 and a beta of 1.38.

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

Insider Transactions at Netflix

In other news, Director Jay C. Hoag sold 617 shares of the firm's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard N. Barton sold 6,364 shares of the company's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 280,676 shares of company stock worth $273,515,672. 1.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Netflix

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Netflix by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after purchasing an additional 171,712 shares during the period. FMR LLC boosted its position in shares of Netflix by 1.8% in the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock valued at $18,617,081,000 after acquiring an additional 375,234 shares during the period. State Street Corp increased its position in Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock worth $12,023,082,000 after acquiring an additional 426,740 shares during the period. Geode Capital Management LLC increased its position in Netflix by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after acquiring an additional 175,596 shares during the period. Finally, Norges Bank acquired a new stake in Netflix in the 4th quarter worth about $5,019,087,000. 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.