Netflix (NASDAQ:NFLX) Trading Down 0.6% – Should You Sell?

Netflix, Inc. (NASDAQ:NFLX) traded down 0.6% on Friday . The stock traded as low as $880.12 and last traded at $881.57. 675,013 shares changed hands during trading, a decline of 53% from the average session volume of 1,441,472 shares. The stock had previously closed at $886.73.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Morgan Stanley raised their target price on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Piper Sandler reiterated an “overweight” rating and set a $840.00 target price (up from $800.00) on shares of Netflix in a research note on Friday, October 18th. Barclays reissued an “underweight” rating and issued a $550.00 price target on shares of Netflix in a report on Friday, October 18th. Citigroup upped their price objective on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Finally, Loop Capital lowered shares of Netflix from a “buy” rating to a “hold” rating and lifted their target price for the company from $800.00 to $950.00 in a research report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $813.00.

Netflix Trading Up 0.4 %

The company has a market cap of $380.43 billion, a P/E ratio of 50.37, a P/E/G ratio of 1.77 and a beta of 1.27. The business’s 50-day moving average price is $864.05 and its 200 day moving average price is $744.71. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

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

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 114,893 shares of company stock worth $93,859,830. Company insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Large investors have recently modified their holdings of the stock. Denver PWM LLC acquired a new stake in Netflix during the second quarter worth about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. increased its stake in 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 last quarter. MidAtlantic Capital Management Inc. acquired a new position in Netflix during the third quarter valued at approximately $37,000. Finally, FSA Wealth Management LLC bought a new stake in Netflix during the third quarter worth $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

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.