Netflix (NASDAQ:NFLX) Trading Down 4.4% - What's Next?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) dropped 4.4% during mid-day trading on Friday . The company traded as low as $861.01 and last traded at $876.26. Approximately 2,044,777 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 3,604,901 shares. The stock had previously closed at $917.05.

Analysts Set New Price Targets

NFLX has been the topic of several research analyst reports. Phillip Securities lowered Netflix from a "hold" rating to a "moderate sell" rating in a research report on Friday, January 24th. UBS Group set a $1,000.00 target price on shares of Netflix in a report on Monday, March 24th. Oppenheimer increased their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein upgraded shares of Netflix from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Finally, Barclays upgraded shares of Netflix from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $715.00 to $900.00 in a research note 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,023.74.

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Netflix Stock Down 6.6 %

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 moving average price is $972.68 and its 200 day moving average price is $873.52. The firm has a market capitalization of $366.25 billion, a price-to-earnings ratio of 43.18, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the company earned $2.11 earnings per share. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. Sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, Director Ann Mather sold 2,682 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the transaction, the chairman now owns 394 shares in the company, valued at approximately $362,933.10. This trade represents a 98.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 280,676 shares of company stock valued at $273,515,672. Insiders own 1.76% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in 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 purchasing an additional 198,148 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of Netflix by 43.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 32,902 shares of the Internet television network's stock valued at $23,336,000 after buying an additional 10,001 shares during the period. Reynders McVeigh Capital Management LLC lifted its position in Netflix by 4.8% during the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 434 shares of the Internet television network's stock worth $307,000 after acquiring an additional 20 shares in the last quarter. Royal London Asset Management Ltd. boosted its holdings in Netflix by 3.8% in the 3rd quarter. Royal London Asset Management Ltd. now owns 277,595 shares of the Internet television network's stock worth $196,890,000 after acquiring an additional 10,248 shares during the period. Finally, Quarry LP grew its position in Netflix by 2,466.7% in the third quarter. Quarry LP now owns 770 shares of the Internet television network's stock valued at $546,000 after acquiring an additional 740 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

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.

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