Netflix (NASDAQ:NFLX) Stock Price Down 1.4% – What’s Next?

Netflix, Inc. (NASDAQ:NFLX) shares traded down 1.4% during mid-day trading on Friday . The company traded as low as $912.38 and last traded at $912.67. 575,814 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 3,615,444 shares. The stock had previously closed at $925.55.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several analyst reports. Evercore ISI lifted their price target on Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $825.00 target price (up from $770.00) on shares of Netflix in a research note on Friday, October 18th. Wedbush reissued an “outperform” rating and issued a $950.00 price target (up previously from $800.00) on shares of Netflix in a research note on Monday, November 18th. Benchmark reaffirmed a “sell” rating and set a $545.00 price target on shares of Netflix in a research report on Tuesday, October 15th. Finally, StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $787.85.

Netflix Stock Down 0.7 %

The company has a market cap of $392.78 billion, a price-to-earnings ratio of 52.00, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The business has a 50-day simple moving average of $814.02 and a 200-day simple moving average of $719.83.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. On average, equities analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the transaction, the chairman now owns 114 shares of the company’s stock, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 165,405 shares of company stock valued at $129,623,487. Insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Denver PWM LLC purchased a new stake in shares of Netflix in the 2nd quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new position in Netflix during the third quarter worth approximately $25,000. Proffitt & Goodson Inc. lifted its stake in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix during the third quarter worth approximately $37,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

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.