Netflix (NASDAQ:NFLX) Trading Down 0.9% - Here's What Happened

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s stock price was down 0.9% during mid-day trading on Monday . The company traded as low as $984.69 and last traded at $993.93. Approximately 1,147,793 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 4,048,053 shares. The stock had previously closed at $1,003.15.

Analyst Upgrades and Downgrades

NFLX has been the subject of several recent research reports. Wedbush reaffirmed an "outperform" rating and set a $1,150.00 target price (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Citigroup upped their price objective on shares of Netflix from $725.00 to $920.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Pivotal Research increased 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. Deutsche Bank Aktiengesellschaft upped their price target on Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a report on Wednesday, January 22nd. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,021.70.

Netflix Stock Down 0.4 %

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 business has a 50-day moving average of $945.07 and a 200-day moving average of $827.46. The stock has a market capitalization of $421.97 billion, a price-to-earnings ratio of 49.71, a P/E/G ratio of 2.12 and a beta of 1.27.

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

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 685 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,009.57, for a total transaction of $691,555.45. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at approximately $3,726,322.87. The trade was a 15.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $13,338,500. This trade represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 303,220 shares of company stock worth $289,856,164 in the last ninety days. 1.76% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Netflix

A number of hedge funds and other institutional investors have recently modified their holdings of NFLX. RPg Family Wealth Advisory LLC purchased a new stake in Netflix during the 3rd quarter worth about $25,000. Pathway Financial Advisers LLC raised its position in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after acquiring an additional 14 shares in the last quarter. Brown Shipley& Co Ltd purchased a new stake in Netflix during the fourth quarter worth approximately $27,000. Transce3nd LLC acquired a new position in Netflix in the fourth quarter valued at approximately $32,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock valued at $34,000 after purchasing an additional 42 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.