Netflix (NASDAQ:NFLX) Trading Down 2.5% - What's Next?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s stock price fell 2.5% during trading on Monday . The stock traded as low as $900.59 and last traded at $910.95. 1,226,365 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 3,574,981 shares. The stock had previously closed at $933.85.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NFLX shares. Sanford C. Bernstein upgraded shares of Netflix from a "market perform" rating to an "outperform" rating and raised their target price for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Citigroup raised their price objective on Netflix from $725.00 to $920.00 and gave the company a "neutral" rating in a report on Thursday, December 5th. UBS Group reaffirmed a "buy" rating on shares of Netflix in a report on Monday, March 10th. The Goldman Sachs Group lifted their price target on Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Finally, Evercore ISI raised their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company an "outperform" rating in a 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $1,021.02.

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Netflix Stock Down 0.4 %

The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $397.12 billion, a PE ratio of 46.82, a P/E/G ratio of 2.12 and a beta of 1.38. The stock's fifty day simple moving average is $974.40 and its 200-day simple moving average is $872.78.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results 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 business had revenue of $10.25 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the previous year, the company earned $2.11 earnings per share. The firm's revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 41,121 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at approximately $30,946,506.10. The trade was a 56.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 288,583 shares of company stock valued at $279,611,567. Insiders own 1.76% of the company's stock.

Hedge Funds Weigh In On Netflix

Several institutional investors have recently bought and sold shares of the company. Brown Shipley& Co Ltd bought a new position in shares of Netflix during the 4th quarter worth $27,000. Pathway Financial Advisers LLC boosted its position in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares during the period. Transce3nd LLC purchased a new position in shares of Netflix in the fourth quarter worth about $32,000. Newton One Investments LLC purchased a new position in shares of Netflix in the fourth quarter worth about $34,000. Finally, Pineridge Advisors LLC raised its position in shares of Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 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.