Netflix (NASDAQ:NFLX) Shares Down 0.9% - Time to Sell?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) shares traded down 0.9% during mid-day trading on Friday . The company traded as low as $916.00 and last traded at $913.28. 1,220,044 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 3,672,641 shares. The stock had previously closed at $921.17.

Analyst Ratings Changes

NFLX has been the topic of several analyst reports. UBS Group cut their price target on shares of Netflix from $1,150.00 to $1,140.00 and set a "buy" rating on the stock in a report on Tuesday. StockNews.com lowered Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Oppenheimer boosted their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Evercore ISI raised their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Netflix from $1,150.00 to $1,025.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,021.31.

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Netflix Stock Up 4.8 %

The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The business's fifty day moving average price is $958.50 and its 200 day moving average price is $887.03. The firm has a market capitalization of $417.61 billion, a PE ratio of 49.23, 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 Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $10.14 billion. During the same period last year, the firm earned $2.11 EPS. The company's quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction dated 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 sale, the chairman now directly owns 394 shares of the company's stock, valued at approximately $362,933.10. This represents a 98.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the transaction, the chief executive officer now owns 12,950 shares of the company's stock, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 274,312 shares of company stock worth $267,919,297. 1.76% of the stock is owned by corporate insiders.

Institutional Trading of Netflix

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position in shares of Netflix by 13.3% in the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock valued at $1,200,485,000 after buying an additional 198,148 shares during the last quarter. M&T Bank Corp grew its stake in Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock worth $29,751,000 after acquiring an additional 1,684 shares during the period. McIlrath & Eck LLC raised its holdings in Netflix by 13.8% in the 3rd quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network's stock valued at $175,000 after acquiring an additional 30 shares during the last quarter. Advisory Resource Group lifted its stake in shares of Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network's stock worth $1,238,000 after purchasing an additional 12 shares during the period. Finally, Virtu Financial LLC lifted its stake in shares of Netflix by 356.5% during the 3rd quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network's stock worth $9,844,000 after purchasing an additional 10,839 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.