Netflix (NASDAQ:NFLX) Stock Price Down 0% - What's Next?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s share price was down 0% during mid-day trading on Friday . The stock traded as low as $1,019.32 and last traded at $1,024.20. Approximately 765,464 shares were traded during trading, a decline of 81% from the average daily volume of 4,049,577 shares. The stock had previously closed at $1,024.54.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC boosted their price target on shares of Netflix from $800.00 to $1,150.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Pivotal Research boosted their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Macquarie boosted their price target on shares of Netflix from $965.00 to $1,150.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Seaport Res Ptn raised shares of Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Finally, UBS Group boosted their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,021.70.

Netflix Stock Down 2.1 %

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 simple moving average is $940.55 and its two-hundred day simple moving average is $819.90. The company has a market capitalization of $429.10 billion, a price-to-earnings ratio of 50.59, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its 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 company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the business posted $2.11 earnings per share. The firm's revenue for the quarter was up 16.0% compared to the same quarter last year. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In other news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares in the company, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Insiders have sold 303,220 shares of company stock worth $289,856,164 over the last ninety days. 1.76% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Netflix

Several institutional investors and hedge funds have recently modified their holdings of the company. Ascent Group LLC lifted its stake in shares of Netflix by 1.6% during the fourth quarter. Ascent Group LLC now owns 5,089 shares of the Internet television network's stock valued at $4,536,000 after buying an additional 80 shares during the period. WNY Asset Management LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $237,000. Putney Financial Group LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $343,000. Vermillion Wealth Management Inc. purchased a new position in shares of Netflix during the fourth quarter valued at approximately $58,000. Finally, AlphaCore Capital LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $274,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

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.