Netflix (NASDAQ:NFLX) Shares Down 0.3% - Time to Sell?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) dropped 0.3% during trading on Monday . The company traded as low as $951.55 and last traded at $957.69. Approximately 1,614,162 shares changed hands during trading, a decline of 53% from the average daily volume of 3,470,459 shares. The stock had previously closed at $960.29.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of recent analyst reports. Wedbush reaffirmed an "outperform" rating and set a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Needham & Company LLC lifted their price target on Netflix from $800.00 to $1,150.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. 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 research report on Wednesday, January 22nd. StockNews.com cut shares of Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,021.02.

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Netflix Stock Performance

The company's 50 day moving average is $967.54 and its 200 day moving average is $864.18. The firm has a market cap of $419.54 billion, a P/E ratio of 49.46, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.11 EPS. As a group, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total transaction of $469,526.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now owns 246 shares of the company's stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 288,583 shares of company stock valued at $279,611,567 over the last 90 days. Company insiders own 1.76% of the company's stock.

Hedge Funds Weigh In On Netflix

Several institutional investors and hedge funds have recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the 3rd quarter worth about $25,000. Pathway Financial Advisers LLC raised its stake 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 valued at $27,000 after purchasing an additional 14 shares during the period. Brown Shipley& Co Ltd bought a new position in shares of Netflix in the fourth quarter worth approximately $27,000. Transce3nd LLC bought a new stake in shares of Netflix in the 4th quarter worth approximately $32,000. Finally, Newton One Investments LLC bought a new stake in shares of Netflix in the 4th quarter valued at about $34,000. 80.93% of the stock is owned by institutional investors.

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.