Netflix (NASDAQ:NFLX) Trading Down 1.3% After Insider Selling

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) shares dropped 1.3% on Wednesday after an insider sold shares in the company. The stock traded as low as $973.74 and last traded at $983.92. Approximately 1,371,516 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 3,478,515 shares. The stock had previously closed at $997.28.

Specifically, CAO Jeffrey William Karbowski sold 480 shares of the company's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. BMO Capital Markets reissued an "outperform" rating and issued a $1,175.00 target price (up from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a research note on Wednesday, January 22nd. Bank of America raised their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Piper Sandler reiterated an "overweight" rating and set a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, Pivotal Research raised their price objective 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. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,021.02.

Netflix Stock Down 4.4 %

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 firm's 50-day moving average is $971.74 and its 200 day moving average is $866.75. The firm has a market capitalization of $399.46 billion, a PE ratio of 47.09, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $10.14 billion. During the same quarter in the prior year, the firm earned $2.11 earnings per share. The company's revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Netflix

Several hedge funds have recently bought and sold shares of the stock. West Michigan Advisors LLC increased its position in Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after purchasing an additional 10 shares in the last quarter. Warwick Investment Management Inc. boosted its stake in shares of Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after purchasing an additional 10 shares during the last quarter. MRP Capital Investments LLC grew its holdings in shares of Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after buying an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC raised its position in shares of Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after buying an additional 10 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. lifted its stake in shares of Netflix by 0.3% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after buying an additional 10 shares during the period. Hedge funds and other 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.